AM Best raises US asbestos loss forecast above $130 billion
05 December 2016
US property and casualty insurers can expect asbestos liability losses to reach $US100 billion, AM Best says…
International
Digital mindset required for success in China, India
05 December 2016
Insurers must embrace digitalisation to succeed in China and India, two huge markets with vast untapped potential, according to an EY report…
Atlantic storm count hits four-year high
05 December 2016
This year’s Atlantic hurricane season was the busiest since 2012, with 15 named storms, seven of which were hurricanes, according to the Insurance Information Institute…
Corporate leaders face rising risks: Allianz
05 December 2016
New risks have increased the chances of corporate leaders being hit by investigations, fines or prosecutions, according to Allianz Global Corporate & Specialty…
WILLIS RE DEPUTY CEO
05 December 2016
Tokio Marine rethinks profit forecast after strong half
05 December 2016
Tokio Marine has raised its net profit guidance by 5.7% to ¥280 billion for the year to March 31, after a strong half-year performance…
Cyber risk a business-wide issue, Marsh says
05 December 2016
Marsh & McLennan warns cyber risk management should involve all employees, “from the boardroom to the back room”, as threats change with technological advances…
Step up insurtech scrutiny, S&P warns
28 November 2016
Regulators must increase scrutiny of insurtech companies to prevent them undermining the wider insurance industry, S&P Global says…
Premium growth to rebound in two years: Swiss Re
28 November 2016
Global premium growth will slow this year and next before recovering in 2018, according to Swiss Re’s latest insurance review and outlook…
Ex-Dual chief hits Beach
28 November 2016
Former Dual CEO Shane Doyle has been made a partner at Canadian insurer and reinsurer Beach, charged with growing its global portfolio…
ABI pushes for driverless car data standard
28 November 2016
The Association of British Insurers wants an international-standard data set to help insurers establish liability in accidents involving highly automated vehicles…
Big Data throws up ‘price exploitation risk’
28 November 2016
Using Big Data to price risk could lead to consumer exploitation, the UK’s Financial Conduct Authority warns…
British insurers fume at latest tax rise
28 November 2016
UK insurers and brokers have attacked the Government’s plan to again increase the insurance premium tax, this time by 2%…
Axa backs Trov launch in UK
28 November 2016
US insurtech Trov last week introduced the UK’s first “on-demand” insurance, with products underwritten by Axa…
Worldwide rates still falling, but more slowly: Marsh
21 November 2016
Global insurance rates have declined for the 14th consecutive quarter, according to the latest figures from Marsh…
Digital strategy ‘vital for insurers’
21 November 2016
An effective digital strategy is critical for insurers’ long-term success, according to law firm DLA Piper…
Zurich eyes more savings under three-year growth agenda
21 November 2016
Zurich aims to achieve net savings of $US1.5 billion by 2019 under a turnaround plan unveiled to investors last week by Group CEO Mario Greco…
Talanx lifts full-year outlook despite challenges
21 November 2016
HDI Group’s parent company Talanx has raised its earnings forecast for this year, but expects profits will flatline next year as markets remain tough…
Insurance crucial to disaster resilience: World Bank
21 November 2016
Insurers are key players in the global push to improve catastrophe resilience, a World Bank and Global Facility for Disaster Reduction and Recovery report says…
Liberty Mutual turns around Q3 performance
21 November 2016
Liberty Mutual Holding Company has reported a dramatic third-quarter turnaround, posting a $US455 million profit compared with a $US427 million loss in the corresponding period last year…