Japanese insurers suffer outlook downgrade
20 June 2016
Fitch Ratings has cut its outlook on 11 Japanese insurers to negative from stable, following a government decision to delay a consumption tax increase…
International
Zurich sells Taiwan, Morocco businesses
20 June 2016
Zurich has sold insurance businesses in Taiwan and Morocco and says reshaping its geographic footprint is among its highest priorities over the next two years…
Skills gap looms as industry seeks digital expertise
20 June 2016
Insurance companies will focus on expanding this year, with a particular emphasis on recruiting people with digital, systems and software development skills, according to PricewaterhouseCoopers…
New UK laws to hit insurer margins, Fitch warns
20 June 2016
British commercial insurers face more intense price competition and slimmer margins due to forthcoming legislative changes, according to Fitch Ratings…
Munich Re to support Asian trade financing
20 June 2016
Munich Re will provide up to $US250 million of insurance capacity for trade financing in Asia, under an agreement with the Asian Development Bank…
UN-backed forum starts work on disaster risk management
20 June 2016
The United Nations-backed Insurance Development Forum has opened discussions on ways insurers can apply their expertise to improve global disaster risk management…
US commercial lines maintain slight price growth
20 June 2016
US commercial insurance prices increased by less than 1% in the first quarter of this year, according to a survey by Willis Towers Watson…
Terrorists ‘prefer guns to bombs’
20 June 2016
The Orlando nightclub shootings that left 49 people dead confirm terrorists’ increasing preference for guns over bombs, according to catastrophe modeller RMS…
More insurers join UK flood scheme
20 June 2016
Another 20 insurers have joined the UK’s government-backed Flood Re scheme, bringing the total to 36 since its launch on April 4…
Lloyd’s syndicates face rough ride: S&P
14 June 2016
London-based Lloyd’s syndicates face a triple whammy of strong competition, excess capacity and softening rates despite solid results last year, Standard and Poor’s says in a report…
World security worsens as terror takes toll
14 June 2016
The world became a more dangerous place last year amid a surge in terror-related acts and political instability, according to the annual Global Peace Index…
Emerging Asia offers growth opportunity, IIS told
14 June 2016
Asia’s emerging economies are ripe for the picking, with many new underwriting growth avenues, the International Insurance Society’s Global Insurance Forum was told yesterday…
May cat claims to exceed $9 billion
14 June 2016
Disasters last month are expected to cost insurers at least $US7 billion, according to Impact Forecasting’s latest Global Catastrophe Recap…
London insurers attack Brexit claims
14 June 2016
UK insurers have scotched claims by pro-Brexit campaigners that leaving the European Union will have no industry repercussions…
UK regulator ‘will target broker fee transparency’
14 June 2016
Raising broker commission transparency is an area the UK regulator will eventually focus on, according to the Association of British Insurers…
European storms dent profits, reveal insurance gap
14 June 2016
Recent German floods are likely to cost insurers about €1 billion ($1.53 billion), hitting underwriting profits but leaving credit profiles intact, according to Fitch Ratings…
US personal lines rates climb as insurers ‘pummelled’
14 June 2016
Rates in US personal lines were up 1% last month and steeper rises are in store, according to analyst MarketScout…
Risk managers urged to work with risk takers
14 June 2016
As organisations face unprecedented levels of change and complexity, risk takers and risk managers must unite to address the upsides and downsides, according to the Risk and Insurance Management Society…
UK broker rolls out ‘first’ driverless policy
14 June 2016
A UK broker says it has introduced the country’s first insurance policy that covers driverless cars…
Decline in reinsurance rates ‘slowing’
06 June 2016
The June renewals show strong signs that reinsurance rates are stabilising, according to JLT Re…