Articles
Insurance
Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation. 4 December 2018
Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
The low interest rate environment is leading to a “search-for-yield behaviour” of insurers and an increasing transfer of risks to policyholders, the chairman of the European Insurance and Occupational Pensions Authority (EIOPA), Gabriel Bernardino, warns in a Nov. 22 speech in Frankfurt. 22 November 2017
News
Willis and Miller have revealed details of their much anticipated deal to merge some operations. But they have also stressed that, despite talks being at an advanced stage, there is no certainty that a deal will happen. 20 October 2014
Insurance
Neon, an insurer operating in the specialist Lloyd’s market, has appointed Andrew Thornton as underwriter and solicitor for merger and acquisitions tax insurance, effective immediately. 19 September 2016
Insurance
Below average natural catastrophe losses at 2.3 percent of premium has helped SCOR to deliver an improved underwriting performance in the first half of 2018. 26 July 2018
Insurance
JLT Group enjoyed strong growth in its reinsurance segment in the first halve of 2018 but its profits were hit by the costs associated with its global transformation programme, which it claims will eventually benefit the business to the tune of £40 million a year. 26 July 2018
Insurance
AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber. 16 May 2018
Insurance
Israel-based insurtech start-up Planck Re, an artificial intelligence (AI) driven commercial insurance data platform, has raised $12 million Series A in its first funding round. 4 July 2018
Insurance
Banco Sabadell has expanded its joint venture with Zurich so that the multinational once again becomes the bank’s sole partner in the sale of life assurance, general insurance and pension plans in Spain. 21 May 2014
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