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Telematics specialist Trak Global seeks rapid growth in North America; appoints CEO
Insurance
Telematics specialist Trak Global seeks rapid growth in North America; appoints CEO
UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent.   17 September 2019
RMS puts Hurricane Dorian US insured losses in $500m-$1.5bn range, total losses in $4bn to $8.5bn range
Insurance
RMS puts Hurricane Dorian US insured losses in $500m-$1.5bn range, total losses in $4bn to $8.5bn range
Hurricane Dorian will cost insurance losses of between $500 million and $1.5 billion in the US, much less than some had estimated.   16 September 2019
Risk trading insurtech AkinovA donates ILS assets to insurance standards-setting body ACORD
Alternative Risk Transfer
Risk trading insurtech AkinovA donates ILS assets to insurance standards-setting body ACORD
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has donated some insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the insurance industry.   16 September 2019
Insurance
Understanding worst-case scenarios crucial in cyber resilience strategy, data shows, suggesting $6tr global losses by 2021
A new research conducted by Cybersecurity Ventures suggests that the annual global cyber losses are expected to reach $6 trillion by 2021, with cyber security spending projected to exceed $1 trillion cumulative in the five years period leading up to 2021.   13 September 2019
Insurance
KBW analysts cut insurers' 2020 earnings to reflect prolonged lower interest rates
The expectation that interest rates are likely to be lower for longer has caused some analysts to cut their earnings forecasts for the industry.   13 September 2019
Insurance
Davies mulls North American expansion with first claims deal
Insurance service provider Davies Group has acquired Ohio-based Frontier Adjusters, a multi-line independent claims adjusting provider, as part of its North American investment plans.   13 September 2019
Insurance
New insurtech using NLP and machine learning technology launches in the US
New York-based NeuralMetrics, an insurtech data provider using natural language processing (NLP) technologies to power a real-time, alternative data engine for commercial lines general or property and casualty (P&C) insurance companies, has launched in the US.   13 September 2019
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
Aspen shakes up executive lineup, Edwards replaces Cain as UK insurance CEO
Bermuda-based Aspen Insurance Holdings has promoted Clive Edwards to chief executive officer (CEO) of Aspen Insurance UK (AIUK) and Aspen Managing Agency (AMAL).   13 September 2019

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