16 March 2020
Swiss Re has teamed with Microsoft to launch its new Digital Market Centre, which it says will transform the way insurers measure business risks in a digital environment and enable a new class of technology solutions...
16 March 2020
The prospect of inevitable tech-driven disruption may sound grim but EY says an “unprecedented growth and profitability spike” is within reach for large insurers...
16 March 2020
The Cambridge Centre for Risk Studies in the UK has collaborated with the insurance industry to provide guidance for “catastrophic shock” scenarios...
16 March 2020
Lloyd’s closed its underwriting room for 24 hours on Friday to “stress test” the market’s backup trading plan as part of stepped-up preparations for the worsening coronavirus pandemic...
16 March 2020
Global claims management group Crawford & Company has created a special round-the-clock claims support desk for insurers and brokers to ensure consistent handling of advice and any claims related to COVID-19...
16 March 2020
The coronavirus outbreak in Japan is likely to have only a “limited impact” on local insurers’ financial positions, according to Fitch Ratings...
09 March 2020
The UK government is being urged to lower its “staggering” Insurance Premium Tax, which has doubled since 2015 to 12%, in this month’s budget…
09 March 2020
Insurer appetite for political risk is strong and available insurance capacity has never been better, broker Marsh says in its annual Political Risk Map report…
09 March 2020
About $US5.18 billion in non-life merger and acquisition deals were made in the fourth quarter last year, according to research and consulting group GlobalData…
09 March 2020
Lloyd’s has assured market participants it has “business continuity” plans in place to ensure trading globally is not disrupted if the coronavirus outbreak worsens…
09 March 2020
Insurers in the UK will probably pay about £363 million in claims for damages caused by Storms Ciara and Dennis, the Association of British Insurers has estimated…
02 March 2020
The #MeToo movement and other social media-driven campaigns to expose alleged sexual misconduct are adding to the already significant risk exposures facing directors’ and officers’ insurers, according to AM Best...
02 March 2020
Lloyd’s says the new complex risk platform being developed as part of its Blueprint One overhaul will be tested this year before full scale-up in 2021...
02 March 2020
Aon’s Eric Andersen has been confirmed as the global firm’s sole president, taking up an expanded role that will include the appointment of regional CEOs as part of leadership structure changes...
02 March 2020
Munich Re has reported net income of €2.7 billion for last year, beating its forecast by €200 million...
02 March 2020
Berkshire Hathaway’s insurance business slumped to a larger underwriting loss of $US857 million in the December quarter from $US225 million a year earlier...
02 March 2020
Breaches of machine identities make up 9-13% of economic loss caused by cyber crime, with large companies losing even more, according to the findings of a unique research project...
02 March 2020
Gallagher has once again been singled out for ethical business practices in an annual survey by Ethisphere...
02 March 2020
London-based motor insurer Direct Line is cutting 800 jobs as its customers increasingly embrace online options...
02 March 2020
The number of global insurtech deals dropped more than 40% last year as global investors focused on making a smaller number of large and high-quality deals...