News

Technology

Why data is the answer to the re/insurance industry’s loss estimate problem

Loss estimates for hurricane Laura are diverse and vague. Steve Smith, director, insurance product and modelling for QOMPLX, says he knows why – and what to do about it.   24 September 2020

Insurance

Markel forms strategic alliance with UAE's Etihad Credit Insurance

Markel International has signed a memorandum of understanding (MoU) with UAE export credit company Etihad Credit Insurance (ECI).   7 November 2018

Insurance

Autonomous vehicles potentially worth ‘trillions’, with driverless cars in use in five or six years: AXA XL’s Copland

Driverless cars, or autonomous vehicles (AV), could be more widely in use in a matter of five or six years time, with the potential market worth for this technology in the trillions of pounds, Intelligent Insurer has learned.   2 October 2019

Insurance

California wildfire now larger than New York

A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11.   11 December 2017

Insurance

Smoke signals: pricing wildfire risk

Terrifying walls of flames and the widespread devastation they leave in their wake are expected to increase in the US as a result of climate change. Intelligent Insurer finds out how insurance pricing can incentivise individuals and society to increase wildfire mitigation efforts.   11 September 2020

Insurance

Hurricane Florence losses estimated at up to $4.6bn

Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   19 September 2018

Insurance

Asia-Pacific plays catch-up on better data

Asia-Pacific is not yet at the same level as the US or Europe in terms of quality, high-resolution data, which creates challenges in terms of accurately pricing and underwriting risk, Jason Futers, CEO of Insurdata, told SIRC Today.   29 October 2018

Insurance

Nexus strikes ZON Re deal to enter US MGA market

Specialty managing general agent (MGA) Nexus Group has acquired the US based personal accident treaty reinsurance MGA operated by Lloyd's coverholder ZON Re via an asset purchase.   19 July 2017

Insurance

Willis hires Marsh, Aon leaders for North America CRB business

Broker Willis Towers Watson has made a series of senior appointments in its North America corporate risk and broking (CRB) business.   12 July 2017

Insurance

Specialty business buoys Beazley in Q1 against 'challenging' backdrop

Gross written premiums (GWP) at Beazley shrank slightly in the first quarter as the company bemoaned a “very challenging” rating environment but there was good news on its specialty book which both grew and enjoyed rate increases.   11 May 2017

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.