Articles
Insurance
Technology is giving a competitive edge to insurers in the form of faster claims settlements, but this must not come at the expense of a positive client experience, according to claims leaders from Beazley and LV=. 4 October 2019
Alternative Risk Transfer
Mid-year catastrophe reinsurance renewal rate increases are lagging January 1 hikes, notwithstanding mid-year's higher prevalence of loss-impacted accounts and hurricane Irma's continuing modest loss "creep," according to KBW. 25 May 2018
Insurance
Economic development is expected to deteriorate significantly from +32 percent currently to -5 percent worldwide according to a new study by German online statistics portal Statista. 14 October 2019
Insurance
Insurers plan to divest 21.2 percent of their portfolios from fossil fuels over the next decade and to ramp up allocations to renewable energy to 10.6 percent over the same period, according to a new survey by Octopus Group, a group of ethically-minded financial services and energy supply businesses. 14 October 2019
Insurance
MarketScout, the electronic insurance exchange and specialty managing general agent (MGA) in the US, has launched a new MGA facility specifically designed to offer additional capacity to cover wildfire risk. 25 January 2019
Insurance
Insurers should seek to drive innovation by partnering with companies that are external to the industry, Gary Reader, partner, global insurance sector leader and Phil Smart, head of insurance and investment management, KPMG, told Monte Carlo Today. 13 September 2015
Technology
AI has come of age as the technology ensures a more accurate view of risk and can help insurers win more valuable business, says Richard Hartley, CEO of insurtech Cytora. 19 May 2020
Insurance
India's strong economy and evolving regulatory regime continue to support growth for its insurance and reinsurance sectors, according to a new report by Moody's Investors Service. 22 January 2019
Insurance
Pricing in the mortgage credit risk market has reduced significantly in recent years, but it remains a very profitable business for reinsurers, with more showing an interest in moving into this sector all the time, Joe Monaghan, executive managing director of Aon’s Reinsurance Solutions business, told PCI Today. 30 October 2018
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
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