Technology paves way for distribution, pricing overhaul
24 July 2017
US premiums are expected to fall as the industry adopts technology to reduce distribution costs, according to insurance exchange MarketScout…
International
AIG chief makes case for robot underwriters
24 July 2017
Rather than triggering massive job losses, automation will fill the insurance world with adaptive, tech-savvy employees who welcome change, according to AIG President and CEO Brian Duperreault…
Data law reforms to lift EU cyber market: Aon
24 July 2017
Demand for cyber coverage in Europe will grow sharply as the EU prepares to enforce data protection laws in May next year, according to Aon…
Aon study reveals top 50 US insurers
24 July 2017
The top 50 US property and casualty insurers achieve above-average return on equity and control costs better than the overall industry, according to Aon-owned Ward Group…
ABI blames Government as UK motor premiums soar
24 July 2017
The average UK motor insurance premium has hit a new record high of £484 following the Governments’ decision to cut the personal injury discount rate and increase the personal premium tax, according to the Association of British Insurers…
Lloyd’s sets out crisis contingency plans
24 July 2017
Lloyd’s has formulated guiding principles to ensure a quick and effective response to market-turning events – situations that causes significant impact and could trigger a rapid rise in insurance pricing…
RIMS forum to focus on cyber threats
24 July 2017
The Risk and Insurance Management Society will hold its first Cyber Risk Forum in response to rising concerns about potential threats…
Global authorities team up to plug insurance gaps
24 July 2017
The UK Government has announced a tie-up with the World Bank and Germany to tackle underinsurance in developing countries…
Beazley steps up expansion plans as earnings rise
24 July 2017
Specialist insurer Beazley is pressing ahead with growth plans, including in Europe and the US, encouraged by improved earnings for the half-year to June 30…
Global premium set for recovery: Allianz
17 July 2017
Global premium growth over the next decade should give insurers increased confidence, according to a new report from Allianz…
British brokers gain confidence
17 July 2017
UK insurance brokers were more optimistic in the June quarter than earlier in the year, while overall financial services business conditions remained strong, according to a survey by PricewaterhouseCoopers and the Confederation of British Industry…
‘Crash for cash’ crackdown aids fraud battle
17 July 2017
A focus on organised crime and “crash for cash” staged motor incidents helped British insurers thwart 125,000 fraudulent claims worth £1.3 billion last year, according to the Association of British Insurers…
Asia faces ‘towering inferno’ risk
17 July 2017
Asia’s growing number of super-high-rise towers presents a challenge for underwriters, Shanghai-based Gen Re Property Casualty Country Manager Tom Qiu warns…
Insurers urge G20 to show climate change leadership
17 July 2017
Leaders of the G20 economies, which collectively produce more than 75% of greenhouse gas emissions, must do more to tackle climate change, according to the Munich Climate Insurance Initiative…
Active hurricane season set to raise US coastal risks
17 July 2017
Atlantic hurricane activity is likely to exceed average levels this season, increasing the risk a major storm will hit the US coastline, according to a revised prediction by Colorado State University forecasters…
Bermuda to host Ocean Risk Summit
17 July 2017
Government, finance and reinsurance representatives will gather in Bermuda next May for the inaugural Ocean Risk Summit, addressing threats posed by climate change…
AIG puts Hamilton chief in charge of new tech unit
17 July 2017
AIG has appointed Seraina Macia as EVP and CEO of a new technology unit, reporting to President and CEO Brian Duperreault…
Munich Re seals typhoon cover worth chatting about
17 July 2017
Munich Re has developed a typhoon insurance solution utilising the WeChat messaging platform, China’s most popular social media app with 938 million active users…
Reinsurance pricing falls further in US: Guy Carpenter
10 July 2017
US reinsurance rates have continued to show moderate declines in the mid-year renewal period, according to Guy Carpenter…
Axis Capital set for $800 million Novae takeover
10 July 2017
Bermuda-based specialty lines insurer Axis Capital will acquire Novae after offering £467.6 million for the London-listed group…