Lower catastrophe bill lifts Scor
31 July 2017
French reinsurer Scor made a net profit of €292 million in the half-year to June 30, up 6.2% on the corresponding period last year, due partly to a lower catastrophe bill…
International
Weak market drags on Arch in June quarter
31 July 2017
Arch Capital’s second-quarter net income fell to $US173.8 million from $US205.6 million, squeezed by sluggish market conditions…
New regional hubs pose threat to Lloyd’s: AM Best
24 July 2017
Lloyd’s faces a challenge to its competitive position in an increasingly difficult operating environment, according to ratings agency AM Best…
US storms take toll, but first-half cat costs drop
24 July 2017
US hailstorms and tornadoes dominated natural catastrophe costs in the first half, but global losses were less than half average levels, according to separate reports by Munich Re and Impact Forecasting…
Insurtech investments soar to record level
24 July 2017
Investors poured a record $US985 million into insurtech deals in the second quarter, up from $US398 million in the corresponding period last year, according to a Willis Towers Watson’s report…
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…
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…