insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2020 Catastrophes 'put $847 billion in jeopardy' https://www.insurancenews.com.au/international/catastrophes-put-847-billion-in-jeopardy https://www.insurancenews.com.au/international/catastrophes-put-847-billion-in-jeopardy Catastrophic events could wipe more than half a trillion dollars from world economic growth in 2020, according to the Cambridge Centre for Risk Studies’ latest Global Risk Index...

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More competition and change predicted for US insurers https://www.insurancenews.com.au/international/more-competition-and-change-predicted-for-us-insurers https://www.insurancenews.com.au/international/more-competition-and-change-predicted-for-us-insurers Property and casualty insurers need to evaluate their distribution, underwriting, pricing and risk mitigation business models to break away from their competitors, a new report from Guy Carpenter says...

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Lloyd’s creates technology and transformation group https://www.insurancenews.com.au/international/lloyds-creates-technology-and-transformation-group https://www.insurancenews.com.au/international/lloyds-creates-technology-and-transformation-group Lloyd’s has created a new Technology and Transformation Committee to oversee its Blueprint One plan to improve performance, and has also raised £300 million in debt to fund the program...

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Global insurance deal value tops $22 billion in Q3 https://www.insurancenews.com.au/international/global-insurance-deal-value-tops-22-billion-in-q3 https://www.insurancenews.com.au/international/global-insurance-deal-value-tops-22-billion-in-q3 Insurance industry deals around the globe reached a value of $US15.17 billion in the third quarter, GlobalData says...

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‘Tell a better story’: talent drought challenges insurers https://www.insurancenews.com.au/international/tell-a-better-story-talent-drought-challenges-insurers https://www.insurancenews.com.au/international/tell-a-better-story-talent-drought-challenges-insurers Insurance leaders should update job descriptions to attract more tech-savvy workers and also consider how their corporate missions relate to younger generations looking for a sense of purpose from work...

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