Cancellations drive UK travel claims payout to 7-year high
09 July 2018
UK insurers paid out £385 million in travel claims last year, the biggest amount since 2010 when the Icelandic ash cloud cost the industry £455 million…
International
Insurers ‘shouldn’t rush’ chatbots
09 July 2018
Insurers need to move carefully when implementing chatbot technology for their customer experience, EY says…
Lloyd’s CEO announces her exit plan
02 July 2018
Lloyd’s CEO Inga Beale, the first woman to lead the organisation and a campaigner for diversity across the global insurance industry, will step down next year…
Britain pilots ‘signpost service’ for travel specialists
02 July 2018
The UK’s Financial Conduct Authority will pilot a service that directs people with pre-existing health conditions to willing travel insurance providers…
US pool ‘should withhold cover’ on flood-zone construction
02 July 2018
The US National Flood Insurance Program has been urged to withhold federal insurance for new properties built in flood zones…
Volcanic ash model reveals threat to Japan
02 July 2018
Guy Carpenter has built a fully probabilistic ash-fall model for six volcanoes in Japan…
Swiss Re hails environmental investment push
02 July 2018
Swiss Re says its environmental, social and governance benchmarks, introduced last year, are now being applied to almost the entire investment portfolio…
FM Global research reveals value of mitigation work
02 July 2018
Every $US1 a business spends on hurricane mitigation cuts loss exposure by an average of $US105, according to an analysis by FM Global…
UK’s Flood Re scheme set to reduce premiums
02 July 2018
The United Kingdom’s flood reinsurance scheme Flood Re will reduce premiums charged to insurers from next year…
Buyer’s market persists despite cat losses: RIMS
02 July 2018
Price reductions in property cover, liability, workers’ compensation and other lines combined to push down the average cost of risk by 3% last year, new data shows…
Long-term gains to drive M&A decisions
25 June 2018
Insurance executives want acquisitions to transform their organisations for the future, rather than simply enhance current operations, KPMG says…
European insurers prepare for AI disruption
25 June 2018
About 75% of insurers in Europe have invested in artificial intelligence and machine learning, a survey by consultant Insurance Nexus shows…
Chubb warns on growing environmental risk
25 June 2018
Businesses have been urged to employ multinational insurance programs for environmental risk as governments implement tighter regulations…
AM Best holds AIG ratings
25 June 2018
AM Best has affirmed AIG’s long-term issuer credit rating of bbb, and its outlook is assessed as stable…
Munich Re aids ‘smart factory’ partnership
25 June 2018
Munich Re has joined forces with manufacturing consultancy MHP and robotics group KUKA to create an intelligent manufacturing plant…
Lloyd’s Lab scours world for tech talent
18 June 2018
Lloyd’s has begun a global headhunt for tech specialists and entrepreneurs to help it develop innovative insurance solutions…
US rates climb in first quarter
18 June 2018
US commercial insurance prices increased modestly in the first quarter, global broker Willis Towers Watson says…
Florida renewals fall short of expectation
18 June 2018
JLT Re says Florida property-catastrophe reinsurance renewals posted low single-digit rate increases at the start of the month, as plentiful capacity muted expected gains…
AGCS urges businesses to wise up on resource depletion
18 June 2018
Businesses must do more to understand and address “natural capital” risks, Allianz Global Corporate & Specialty has warned…
Car makers told not to oversell ‘self-driving’ features
18 June 2018
The Association of British Insurers and car safety group Thatcham Research have warned car makers to be more careful when describing autonomous technology…