Articles

Insurance

Insurtechs raise record $3bn in funding in first half of 2019

Insurtech firms raised a record $3 billion in new funding in the first half of 2019, with developments such as usage-based insurance boosting demand in the sector, with European companies attracting the lion's share.   13 September 2019

Insurance

Extreme wildfire risk affects 775,654 US homes, finds CoreLogic report

There are 775,654 US homes at extreme risk of wildfire, according to CoreLogic analysts.   13 September 2019

Insurance

Mining insurance 'not yet a truly hard market'; capacity high by past standards: Willis Towers Watson

Mining insurance is still not a truly hard market yet, with capacity remaining high by historical standards, according to Willis Towers Watson’s (WTW) Mining Risk Review 2019.   13 September 2019

Insurance

Ironshore names new head of global claims

Ironshore, a Liberty Mutual Company, has appointed Kristin McMahon as head of global claims.   23 November 2017

Insurance

AIG’s general insurance posts underwriting loss in Q2

American International Group (AIG) has reported an underwriting loss for its general insurance operations in the second quarter of 2018 as the loss ratio deteriorated.   3 August 2018

Insurance

Citizens records $1bn net loss in nine months

Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017.   20 November 2017

Insurance

China and emerging markets will dominate insurance growth: sigma report, Swiss Re Institute

Re/insurers must invest in developing in new and emerging markets if they are to grow amid a changing world order in terms of economic growth, according to the latest sigma report from Swiss Re Institute.   7 March 2019

Technology

Proving the value of distributed ledger technology

The launch of blockchain insurance startup B3i’s Cat XoL product is opening the door for the re/insurance industry to embrace distributed ledger technology. B3i’s chief marketing officer Ken Marke outlines its aims.   14 October 2019

Insurance

Data breach litigation, Brexit and trade wars are insurers’ top concerns: RPC

Large-scale group litigation resulting from mass data breaches is just one of a number of growing legal risks for the insurance sector in 2019, according to law firm RPC in its 2019 Annual Insurance Review.   25 January 2019

News

Market in transition, claims JLT Re in new renewals report

Increasing claims severity, social inflation and instances of adverse reserve development are now hurting carriers and point to a market in transition, according to a new report by JLT Re called ‘Uncharted Territory at its Market Prospective Event’.   25 January 2019

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