BIBA wades in to tackle SME flood risk
12 December 2016
The British Insurance Brokers’ Association has helped develop a flood insurance product for small businesses excluded from the Flood Re program…
International
US industry wary of Trump effect
12 December 2016
Insurers have lowered their expectations for US property and casualty premium growth next year following Donald Trump’s election, according to a report by EY…
Chubb upbeat on growth trajectory
12 December 2016
Chubb says it is well placed to expand its global share of the growing but fragmented property and casualty market…
US rates show little movement
12 December 2016
Growth in US personal lines rates remained steady last month at 1%, while the decline in commercial rates moderated “ever so slightly”, according to insurance analyst MarketScout…
Zurich faces ‘execution risk’ in turnaround
05 December 2016
Zurich must do more to return its general insurance earnings to pre-2015 levels, according to AM Best…
Swiss Re sets up research institute
05 December 2016
Swiss Re has created an institute to drive its research and development activities and strengthen a competitive advantage…
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…
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…