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Insurance
Lloyd’s and the Lloyd’s Market Association (LMA) have made a deal with US hurricane model provider Applied Research Associates (ARA), which will provide its Hurloss hurricane model and Middle East earthquake model to subscribing managing agents on a shared service basis. 19 September 2016
Insurance
A review of the UK Ogden discount rate, used to calculate personal injury lump sum compensation payments, must break its current tie to index-linked government bonds, the International Underwriting Association (IUA) has stated. 28 March 2017
Insurance
Following a year in which profits in the insurance sector fell by 23 percent in the UK to £7.0 billion, 2017 should see an improved performance, buoyed by a better global outlook, according to the latest EY ITEM Club outlook for financial services. 28 March 2017
Reinsurance
Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products. 20 March 2018
Insurance
CNA Hardy, the specialist commercial insurance provider, has appointed Caroline Hairsine as the new head of construction. 30 November 2015
Insurance
Some insurtech startups are ditching their original business plans and becoming managing general agents (MGAs) because of their frustration at how long it takes the insurance industry to embrace new ideas. 17 October 2017
Insurance
Risk-based pricing of flood risk with the private market playing a prominent role in managing and insuring this risk represents the only sustainable solution that can remove the burden from the US taxpayer in the long term, Eric Andersen, chief executive of Aon Benfield, told PCI Today. 17 October 2017
Alternative Risk Transfer
Organisations increasingly recognise the growing value of technology and data assets relative to historical tangible assets, yet they are spending four times more budget on insurance for property, plant and equipment (PP&E) risks, a new report by Aon has revealed. 17 October 2017
Insurance
The insurance industry should view the recent catastrophe losses it has suffered as an opportunity to shine and demonstrate its value and resilience to policymakers and policyholders alike, Mike Mulray, chief underwriting officer of Everest Insurance North America, the specialty insurance operation of the Everest Re Group, told PCI Today. 17 October 2017
Insurance
While the industry is well capitalised and market sentiment mostly positive, there is still evidence of economic and market-based headwinds that will challenge profitable growth, according to a study by Guy Carpenter. 17 October 2017
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