Recent flood damage caused by storm Ciara and Dennis has heightened awareness of growing flood risks again. Parametric flood policies and live flood forecasting are key developments allowing insurers and business to tackle flood risk.
Artificial intelligence and machine learning that leverage large legacy, and not so legacy, data caches are set to provide improved pricing accuracy for firms merging with or acquiring others, while Latin America and Asia offer fresh conquests for acquisitive firms. Intelligent Insurer investigates.
As the coronavirus continues to spread, questions are being raised regarding its potential impact on the insurance industry and global economy
Brazil’s evolving reinsurance market still has significant barriers to entry, but economic reform and changes to regulation could whet foreign investor appetite.
Two industry stalwarts, formerly of Willis Re and Maxfield Risk Consulting, have teamed up to create a more diverse and technologically aligned insurance industry with the launch of a fresh thinking re/insurance broker.
Despite an ‘overall satisfying renewal’, according to CEO Jean-Jean Henchoz, natural catastrophe events in the US and Japan presented substantial loss burdens for Hannover Re and with €3.5 billion up for renewal in these regions in the coming months, significant rate increases are expected.
After seeing losses in the life sector and a lack of scale in other sectors, the French insurer is progressing its preparations to sell the Polish side of its business.
Senior insurance sector leaders emphasised the importance of government leadership in combating climate change during a Fitch roadshow panel discussion on the future of the non-life market.
Following Moody’s recent reinsurance renewals report Intelligent Insurer spoke to the ratings agency about the trends in property catastrophe, retrocession and casualty lines.
The complexity of data sharing is a major pain point for the insurance industry, but blockchain has the potential to save members of the Institutes RiskStream Collaborative $300m in aggregate, the group says.