Articles
Insurance
Verisk Insurance Solutions has completed an agreement with Duck Creek Technologies that will enable Duck Creek customers to access the Verisk Data Exchange – a programme that scores drivers and can be used to determine an appropriate premium. 22 December 2016
Insurance
AXIS Capital delivered a robust set of results in the second quarter with both profits and gross written premiums increasing as the company reaped the rewards of its integration of Novae, which it acquired in 2017, and positive reserve development. 26 July 2018
Insurance
Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity. 26 July 2018
Insurance
In 13 Western US states there are 1.8 million single-family homes designated as having extreme or high risk of wildfire damage, representing a combined total reconstruction cost value (RCV) of almost $500 billion, according to data from CoreLogic. 28 October 2016
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Hurricane Irma could possibly be a market-changing event, depending on its path and the level of damage it causes, according to Fitch Ratings. 11 September 2017
Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
The risk transfer industry in London including Inga Beale, the chief executive of Lloyd’s, has welcomed new regulations detailed by the UK government designed to ensure the UK captures a share of the market. 21 July 2017
Insurance
Specialty managing general agent (MGA) Nexus Group has opened a new office in Cork following the establishment of a branch in Ireland, headed by Stephen Comerford, in July 2016. 21 July 2017
Insurance
Viva Republica, a South Korean fintech startup that developed financial services app Toss, has secured a $40 million round of funding from Singapore-based investment firm GIC and Sequoia China. 19 June 2018
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