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…
International
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…
Fraud investigators urged to keep up with social media
21 November 2016
Insurers are increasingly turning the tables on fraudsters by scanning social media, according to a white paper from QBE North America…
UK whiplash crackdown to cut premiums
21 November 2016
British drivers could see their car insurance premiums fall by about £40 a year under plans to either eliminate whiplash claims or cap them…
Hiscox grows premium in tough conditions
21 November 2016
Bermuda-based specialty insurer Hiscox has reported gross written premium of £1.86 billion for the nine months to September 30, an increase of 14.3% on the corresponding period last year…
Aspen triples Q3 net profit
21 November 2016
Aspen Insurance Holdings’ third-quarter net profit more than tripled to $US95.6 million from $US28.2 million, buoyed by improved underwriting margins…
Tech offers top opportunity, Guy Carpenter survey reveals
14 November 2016
Technology innovation will provide the biggest growth opportunities for insurers and reinsurers next year, according to a Guy Carpenter survey of industry executives…