Driverless tech to slash car premiums: Aon Benfield
19 September 2016
US motor insurance premiums may fall more than 40% by 2050 on conservative estimates, according to Aon Benfield’s annual Global Insurance Market Opportunities report…
International
Drone insurance market to soar, Allianz says
19 September 2016
The global drone insurance market could be worth more than $US1 billion by 2020 and $US500 million in the US alone, according to Allianz Global Corporate & Specialty…
Commercial rates a mixed bag, US study shows
19 September 2016
US commercial insurance prices increased by less than 1% in the second quarter, according to Willis Towers Watson…
Munich Re is rising to challenges, rendezvous hears
12 September 2016
Munich Re says the reinsurance market continues to be dominated by strong competition and “relentless pressure to change”, but it believes it is meeting these challenges…
August catastrophes further highlight insurance gaps
12 September 2016
Floods in Louisiana cost the US economy more than $US10 billion but more than 80% of affected homeowners were not covered, according to Impact Forecasting’s catastrophe report for last month…
ILS indices beat S&P 500 returns: Aon
12 September 2016
Insurance-linked securities outperformed investment returns from the US S&P 500 Index in the year to June 30, according to an Aon Securities report…
US fracking quake risk too big to ignore: Swiss Re
12 September 2016
Seismic activity linked to fracking operations’ wastewater disposal has reached unprecedented levels in the US state of Oklahoma and the probability of widespread damage is now too high to ignore, Swiss Re warns in a new report…
Trov US rollout gains Munich Re backing
12 September 2016
Munich Re will provide underwriting capital and insurance licensing to San Francisco-based technology developer Trov when its insurance app goes live in the US next year…
Lloyd’s warns of offshore move post-Brexit
12 September 2016
Lloyd’s will move some business out of London if the UK fails to maintain passporting rights to the EU during Brexit negotiations, Chairman John Nelson says…
American commercial vehicle insurers raise rates
12 September 2016
US commercial auto insurance rates increased 3% last month, the largest increment among coverage classes, according to analyst MarketScout…
Cooper Gay ‘redefines broking’ with Ed rebrand
12 September 2016
Global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has rebranded with a new name, Ed…
Lloyd’s veteran takes up Singapore regulatory role
12 September 2016
Lloyd’s regulatory expert Kim Swan has been appointed Regional Regulatory and Compliance Manager for Asia-Pacific, based in Singapore…
Insurers ‘have moral duty’ to serve difficult markets
05 September 2016
Insurers should not walk away from difficult markets such as flood cover, according to a director from a Canadian mutual insurer…
Overseas insurers struggling in China: report
05 September 2016
Foreign insurers continue to find it tough making inroads in the huge Chinese market, according to a joint report from Ernst & Young and Oxford Economics…
Zurich completes redundancy review
05 September 2016
Zurich has finalised “on a group level” the number of staff to be made redundant under a global shake-up new CEO Mario Greco announced in June…
Reinsurers suffer declining investment returns: S&P
05 September 2016
Global reinsurers’ investment returns are contracting rapidly, with the weakening trend set to continue, according to the latest report from S&P Global Ratings…
Florida hit by its first hurricane in a decade
05 September 2016
The first hurricane to cross the Florida coastline in more than a decade swept ashore in one of the state’s more sparsely settled areas, according to catastrophe modeller AIR Worldwide…
Ironshore turns in profitable first half
05 September 2016
Ironshore made a net profit of $US148.3 million in the half-year to June 30, according to Chinese parent company Fosun International…
Charles Taylor reports first-half revenue rise
05 September 2016
UK-listed Charles Taylor says its insurance support services business achieved good revenue growth in the first half, but the division’s profitability dipped slightly due to investment in new initiatives…
Zurich ready to finalise job cuts
29 August 2016
Zurich Insurance expects to decide by Wednesday how many jobs it will cut under a restructure designed to turn around the beleaguered business…