01 August 2022
The UK Financial Conduct Authority has set more stringent consumer protection standards in areas such as communication and product suitability under rules released last week that reflect its plans to become a “more assertive” regulator...
01 August 2022
Innovation in insurance via collaboration and investment will be essential to address complex challenges that will emerge from the Ukraine war, Lloyd’s and Aon say...
01 August 2022
Swiss Re’s Property & Casualty Reinsurance arm absorbed $US938 million in large natural catastrophe claims for the January-June period, including from the flood events in Australia, the reinsurance giant says in its first-half results announcement...
01 August 2022
The February/March flood disaster in NSW and Queensland has run up insured losses of about $US3.7 billion, making it the insurance industry’s most costly natural catastrophe in the first six months of the year, according to Munich Re...
01 August 2022
Aon net income rose 32% to $US501 million in the second quarter as revenues and operating margins improved...
01 August 2022
Insurers will find extracting steady profit from cyber policies “remains challenging” and wariness among underwriters is “justified by the systemic risk” from interconnected digital services and infrastructure, S&P Global Ratings says...
01 August 2022
Chubb has posted record second quarter earnings, driven by strong property and casualty results...
25 July 2022
The Lloyd’s Market Association says it stands ready to provide support for the resumption of Black Sea grain exports after Ukraine and Russia last week agreed to a deal to allow shipments...
25 July 2022
Aon’s Global Catastrophe Recap reports that the insurance industry has paid out $US39 billion globally in the first six months of this year, above the 21st century average...
25 July 2022
A new report from The Geneva Association has highlighted cyber insurers’ crucial role in dealing with ransomware attacks...
25 July 2022
Marsh McLennan has reported increased second-quarter revenues and earnings and says the business is well placed amid a more uncertain economic and geopolitical environment...
25 July 2022
The UK financial services regulator should carry out a market study of professional indemnity insurance after recent price increases and market hardening, the UK’s National Federation of Self Employed & Small Businesses says...
18 July 2022
Motor and property lines will “bear the brunt” of the immediate claims cost impact of the current high-inflation environment, straining overall industry earnings, Swiss Re says in its latest Sigma report...
18 July 2022
Reinsurers and insurers can have a profound impact on positive climate change outcomes by influencing the behaviour of businesses and households, a report from global law firm Kennedys says...
18 July 2022
Lloyd’s positive trajectory, after last year’s profit turnaround, faces challenges from the inflationary environment and uncertainties around natural catastrophe losses and Russia’s invasion of Ukraine, Gallagher Re says...
18 July 2022
The European Insurance and Occupational Pensions Authority – the insurance regulator in the European Union – is undertaking a three-month-long public consultation relating to pricing practices...
18 July 2022
Cyber specialist CFC has called on consumers and brokers to be wary regarding an emerging ransomware attack method targeting small businesses...
11 July 2022
A performance report from Globaldata shows many of the top insurers experienced considerable revenue growth last year as economic activity reached near pre-pandemic levels...
11 July 2022
A “ghost broker” who pocketed around £50,000 over 15 months has been sentenced in the UK after acting as an illegal intermediary and setting up hundreds of fraudulent motor policies on behalf of other people by using false details and compromised bank accounts...
11 July 2022
Leading industry figures have called on insurers to play a collective and proactive role in incentivising businesses towards renewable and climate-aware solutions...