Stop supporting fossil fuel firms: US consumer leader
15 October 2018
US insurers should follow their European peers and stop underwriting and investing in coal and other fossil fuel projects, the country’s leading consumer advocate says…
International
Allianz arm expands alternative risk role
15 October 2018
Allianz Global Corporate & Specialty is expanding its alternative risk transfer business to the Asia-Pacific region, and has appointed Richard Green to run the Singapore-based unit…
Gallagher makes Forbes best employers list
15 October 2018
Global broker Gallagher is among the world’s best employers, according to Forbes…
World needs ‘rapid, far-reaching’ climate measures
08 October 2018
At current rates global temperatures will have risen by an average 1.5 degrees between 2030 and 2055, the United Nations Intergovernmental Panel on Climate Change warns…
Insurers risk losing ground to tech giants
08 October 2018
Technology giants such as Google parent company Alphabet are ramping up efforts to provide a wide range of financial services, affecting incumbent players including insurers, Moody’s Investors Service says in a new report…
Lloyd’s chief endured ‘sexist abuse’
08 October 2018
Retiring Lloyd’s CEO Inga Beale has revealed she suffered sexist and homophobic abuse when she took the job in 2014…
…while Lloyd’s plans program to advance women
08 October 2018
Lloyd’s will run a six-month pilot program from January to develop female leaders in the London market and the wider industry…
Large fintechs tipped to benefit most from AI
08 October 2018
Large fintech firms are set to benefit the most from the revolution in artificial intelligence-driven business (AI), according to a report by Deloitte Global and the World Economic Forum…
Digital advances draining the pool
08 October 2018
Risk pooling of customers to reduce premiums may become irrelevant as new developments in digital technology emerge, according to the Geneva Association…
US personal lines premiums enjoy moderate rise
08 October 2018
The composite premium rate for US personal lines was up 2% in the third quarter, according to analyst MarketScout…
Insurers say innovation key to success
01 October 2018
About 56% of property and casualty insurers regard innovation as extremely or very critical to the success of their business, an AM Best global survey has found…
Indonesia quake death toll set to soar
01 October 2018
At least 800 people are confirmed dead from the magnitude-7.5 quake and ensuing tsunami that struck Indonesia’s Palu city at the weekend…
Zurich urges businesses to act on climate change response
01 October 2018
Business leaders should start drawing up contingency plans to manage climate change-related risks as efforts to stem carbon emissions stall, Zurich says in a report…
UK regulator to study insurers’ pricing behaviour
01 October 2018
The UK Financial Conduct Authority is planning a market study into how insurers charge home and motor premiums, amid growing concerns loyal clients are being unfairly penalised…
Insurers moving into ‘inclusive’ market sector
01 October 2018
More than 60 insurers are now active in the global inclusive insurance space, up from seven in 2005, according to international law group Clyde & Co…
UK to impose flammable cladding ban
01 October 2018
Flammable cladding is to be banned on all new schools, hospitals, care homes, student accommodation and residential buildings above 18 metres…
People dithering over cyber risk
01 October 2018
Individuals remain unprepared for cyber attacks despite an increasing number of incidents, warns Chubb…
Lloyd’s returns to profit after natural catastrophe hit
24 September 2018
Lloyd’s reported a profit in the six months to June 30 after sliding to a loss last calendar year when claims from major catastrophes took a heavy toll…
Florence could cost insurers $6.3 billion
24 September 2018
Insurers face up to $US4.6 billion in losses from Hurricane Florence, which struck the US east coast earlier this month…
Big claims loom after Mangkhut flays Hong Kong
24 September 2018
Hong Kong insurers are bracing for up to $US1 billion in Mangkhut-related losses, S&P Global Ratings says…