Articles

Insurance

IFRS 17 still beset by some uncertainties, says AM Best

Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.   16 September 2019

Insurance

UK P&C outlook negative as challenges are set to last

Rating agency AM Best has a negative outlook on the UK’s non-life market as the negative impact from the challenges the UK sector is facing is likely to last.   21 March 2018

Insurance

Gallagher hires Marsh duo to expand trade credit & surety practice

Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018

Insurance

Pioneer bolsters property cat team with BMS hire

Pioneer Underwriters, an underwriting group within Minova Insurance Holdings, has appointed James Sharpington as an underwriter in its Pioneer CAT team.   23 July 2018

Insurance

Household insurance ‘remains unprofitable’ in Northern Australia, finds the Australian Competition and Consumer Commission

An inquiry examining Northern Australia’s insurance market has confirmed that providing household policies in the region “remains unprofitable for insurers”.   30 July 2019

Insurance

Five long-term impacts of the coronacrisis… and three things to be positive about

Everyone is hoping that the outbreak of COVID-19 will be contained as swiftly as possible, with many countries advising precautionary measures, such as lockdown, for a minimum of 12 weeks to protect the vulnerable. The re/insurance industry can expect to feel the effects of this pandemic well beyond that. Intelligent Insurer reports.   30 March 2020

Insurance

AXA expands into mobile phone insurance market with Pier

AXA has revealed its plan to expand into a new market through a partnership with mobile phone insurance provider Pier Insurance.   4 March 2019

Insurance

Talanx warns of industrial lines losses

Talanx experienced a large-loss burden in industrial lines between January and September 2018 of more than €260 million which is expected to have exceeded the large loss budget for the entire year.   16 October 2018

Insurance

Munich Re picks insurtech CyberCube to boost cyber risk analytics

Reinsurer Munich Re has selected insurtech CyberCube's analytics platform to help quantify, model and control cyber accumulation risk.   28 February 2019

Insurance

China non-life margin pressure lingers: Fitch

Fitch Ratings sees ongoing pressure on underwriting margins and expects catastrophe claims to continue to undermine insurers’ operating stability.   21 November 2018

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