05 August 2019
Finance executives at the world’s top companies are wrongly assuming significant cyber risks are covered by their insurance, according to an FM Global survey which reveals a false sense of security at companies’ most senior levels...
05 August 2019
Allianz’s total operating profit grew 4% to €2.8 billion over the last six months compared to the corresponding period last year, the insurer says...
05 August 2019
Premium growth of 7% in Australia and New Zealand has again contributed to an “outstanding” quarter for global broker Gallagher...
05 August 2019
Swiss Re’s net profit fell to $US953 million in the first half, from $US1 billion a year earlier, as natural catastrophes in Australia and fallout from the Ethiopian Airlines plane crash weighed on a strong reinsurance and investment performance...
05 August 2019
Lloyd’s has welcomed 11 new InsurTech teams from more than 130 applicants for the third cohort of its “Lloyd’s Lab” after shortlisted firms presented their ideas to experts across the market during a pitch day...
05 August 2019
Global broker Willis Towers Watson more than doubled its second-quarter net income to $US138 million from $US58 million a year earlier as each of its four core business segments demonstrated healthy growth in revenue and operating income margin...
05 August 2019
Hiscox’s gross written premium rose by nearly 5% in the first half of the year compared to the same time last year, the insurer says...
29 July 2019
Global insured losses in the first half of this year fell to $US20 billion from $US27 billion a year earlier, according to preliminary estimates from Impact Forecasting...
29 July 2019
London-based insurtech Flock has released a white paper on insuring drones and exploring the reasons why the traditional risk pricing approach of using historical data won’t work in this rapidly growing market...
29 July 2019
Diversified global risk company Aon is celebrating a rise in net income from continuing operations this quarter...
29 July 2019
Investors pumped $US1.41 billion into insurtechs in the June quarter, marking the fourth straight occasion where investments have exceeded $US1.2 billion...
29 July 2019
Property and casualty insurers have been warned they may be on the hook for millions in insurance payouts because they have unwittingly included cyber coverage in many policies...
29 July 2019
The UK’s finance sector regulator has begun the first stage of a consultation on plans to “guide and enforce” fair treatment of vulnerable customers – which could be as much as 50% of the British population...
22 July 2019
UK consumers are more harshly marking down insurers for their treatment of loyal customers, despite the industry tackling concerns about high renewal prices...
22 July 2019
A key interest rate used to calculate personal injury compensation remains at unrealistic negative levels following a reset last week, the Association of British Insurers says...
22 July 2019
The UK’s Financial Conduct Authority has proposed new rules to help consumers with pre-existing medical conditions access travel insurance...
22 July 2019
Financial services companies worldwide expect to increase cyber-security investment by as much as 40% next year, Willis Towers Watson says...
22 July 2019
Munich Re expects its second-quarter net profit to rise to €1 billion from €728 million a year earlier, boosted by low major-loss expenditure and high reserve releases for basic losses in reinsurance from prior years...
15 July 2019
Lloyd’s is working “in earnest” on building and delivering prototypes as it revamps how it does business after six radical initiatives met enthusiastic global feedback...
15 July 2019
Severe weather in Europe is expected to have caused up to $US2 billion in economic damage, with insurers expecting $US830 million in claims from central Europe, Impact Forecasting’s June catastrophe recap says...