Amazon weighs ‘insurance selling agent’ move
12 June 2018
Amazon is likely to partner with insurers to reduce losses and bring down premiums through smart home technology, Morgan Stanley says…
International
Policy wordings ‘too complex’ for most consumers
12 June 2018
Research shows UK insurance documents contain so many complex sentences and phrases that eight out of 10 policyholders do not fully understand them…
US May storms exceed $3 billion
12 June 2018
Severe weather in the US last month led to economic losses of $US2.3 billion, with the cost expected to rise…
Experts blame cladding for spread of Grenfell blaze
12 June 2018
Fire experts have told a public inquiry into London’s Grenfell Tower tragedy that combustible cladding was the “primary cause” of the blaze’s spread…
Industry keeps economic engine ticking over, institute says
12 June 2018
The insurance industry has been labelled indispensable to the global economy and more than just a risk manager for businesses and consumers…
Japanese groups look to lift overseas earnings: Fitch
12 June 2018
Japanese insurers Tokio Marine, Sompo and MS&AD want their overseas operations to contribute 40-50% of earnings in the medium term, Fitch Ratings says…
M&A insurance demand rises, prices dip
12 June 2018
Demand for merger and acquisition risk cover surged last year, while pricing declined as more insurers competed for the business…
Accounting standard reforms pose challenge: S&P
12 June 2018
The biggest changes to accounting standards in 20 years may produce immense volatility in insurer results, S&P Global warns…
Drone adoption offers $9 billion payoff: Deloitte
12 June 2018
Drones could save the insurance industry $US7 billion a year through improved data collection and analysis, efficient use of resources and exposure of fraudulent claims…
Axa closes on XL takeover as shareholders back deal
12 June 2018
XL Group shareholders have voted in favour of French insurer Axa’s $US15.3 billion takeover…
Swiss Re identifies fresh batch of emerging risks
04 June 2018
Geopolitical shifts and “erosion of risk diversification” are the highest-impact, near-term risks flagged in this year’s Swiss Re Sonar report…
Hurricane experts issue season forecast
04 June 2018
The Atlantic hurricane season is forecast to produce between five and nine hurricanes, including up to four that could become major storms…
Lloyd’s urges industry to learn from hurricanes
04 June 2018
Lloyd’s has outlined key lessons from last year’s devastating storms as it prepares for the new Atlantic hurricane season, which started last Friday…
Chubb rolls out ‘must-have’ personal cyber cover
04 June 2018
Chubb is introducing personal cyber coverage in North America as a supplement to its Masterpiece homeowners’ policy…
UK pet claims set records
04 June 2018
The number of UK pet insurance claims hit 1 million for the first time last year, according to the Association of British Insurers…
Captive insurers tap into terrorism coverage
04 June 2018
The number of Marsh-managed captive insurers accessing international terrorism insurance pools has grown by 333% in the past five years…
JLT wins extended China broking licence
04 June 2018
China’s regulator has extended JLT’s licence to cover all insurance lines, giving it the same scope as a domestic brokerage…
Pressure on as consumers warm to new entrants
28 May 2018
Insurers have been urged to raise their game as groups such as Google and Amazon make inroads in personal lines…
Insurtech investment booms
28 May 2018
Insurtech investment soared 155% to $US724 million in the first quarter, compared with the corresponding period last year…
Aon initiative addresses climate risks
28 May 2018
Aon has set up a network to address climate risks facing the global community…