28 October 2019
Insurers who have lagged in adopting technology in the past have the opportunity to step up by embracing the fourth industrial revolution, Lloyd’s Director of Performance Management Jon Hancock says...
28 October 2019
Rates are expected to again rise at the January and April renewal seasons, according to AM Best...
28 October 2019
Insurtech deal activity is on track to outpace last year, driven by a growing health insurance industry in China, where 13% of global insurtech deals originated in the third quarter...
28 October 2019
AIG is seeking approval for a new syndicate at Lloyd’s to serve the specialist US high net worth market, writing up to $US1 billion in gross written premiums...
28 October 2019
Aon has created a new business unit to better leverage the US regional insurer market, which writes more than $US115 billion in direct gross written premium a year...
28 October 2019
Allianz and Axa have achieved top 50 placements in Interbrand’s latest global brand rankings, appearing alongside such lofty peers as Apple, Amazon and Google...
21 October 2019
Typhoons Hagibis and Faxai, which lashed Japan this month and last respectively, are not expected to have a material impact on the capitalisation of the country’s three major insurers, according to AM Best...
21 October 2019
Payment protection insurance made up almost half of all complaints for regulated firms in the UK in the first half as consumers scrambled to meet a deadline for compensation...
21 October 2019
Specialty lines insurer Axis Capital will stop underwriting and investing in businesses involved with the coal and oil sands-related industries in January...
21 October 2019
Once it achieves a Brexit deal the UK will need to build a constructive future relationship with the European Union that gives it adequate decision-making power, The Association of British Insurers says...
21 October 2019
Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...
21 October 2019
Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...
14 October 2019
Typhoon Hagibis brought torrential rainfall and flooding to Japan at the weekend, killing more than 30 people, washing away roads and flooding thousands of homes and businesses...
14 October 2019
Last month was the costliest for natural disasters, thanks to Hurricane Dorian and Typhoon Faxai, says Aon’s latest Global Catastrophe Recap report...
14 October 2019
The US wildfire season experienced below-average fire activity this year after abundant spring moisture and below-average temperatures across western states, although large fire potential is expected to persist in California until December...
14 October 2019
Risk assessment methods need to be overhauled to protect companies from global supply chain disruptions as virtual and physical interconnection increases, Lloyd’s and modelling firm Air Worldwide say...
14 October 2019
Global insurance industry mergers and acquisition deals worth $US4.04 billion were announced in August, according to analyst GlobalData...
14 October 2019
Personal lines insurance in the US continued to record rate increases in the third quarter of 4.5%, insurance exchange MarketScout says...
14 October 2019
Munich Re has spent $US250 million to take its stake in Californian start-up Next Insurance to 27.5%...
07 October 2019
The UK Financial Conduct Authority is considering banning what it calls “dual pricing” – where insurers charge loyal customers more than they charge new ones...