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Insurance
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting. 17 October 2017
Insurance
The wildfires still raging in California will be among the costliest wildfires on record for US P&C insurers and could cost the industry up to $6 billion, according to early industry estimates. 17 October 2017
Insurance
US homeowners’ premiums increased from $89 billion in 2015, to $91 billion in 2016, and are expected to reach $93 billion in 2017, according to Aon Benfield’s annual Homeowners’ ROE Outlook report, which forecasts continued growth in direct US homeowners’ insurance premiums for 2017 despite a decreasing return on equity (ROE) for insurers. 17 October 2017
Insurance
Re/insurers should view technology as providing the means to evolve and not view it as something that will disrupt the industry, Paul Mang, global CEO of analytics at Aon, told PCI Today. 17 October 2017
Insurance
Speakers at the International Insurance Society’s annual event gave what amounted to a damning indictment of plans by the International Association of Insurance Supervisors (IAIS) to class some reinsurers as being systemically important to the global economy. 25 June 2014
Awards
Two strong reinsurers, Catlin Re and XL Re, battled it out for first place of best reinsurer for innovation with a GWP of less than $2 billion. Catlin slipped in just ahead with a score of 7.17 out of 10, a minimal difference from XL Re’s score of 7.16. 14 September 2014
Insurance
The blockchain insurance industry initiative B3i is including 23 new members for its market testing programme. 2 October 2017
Awards
Accountancy and advisory firm KPMG was recognised as the best firm for advisory services by our respondents, achieving a survey score of 6.96, closely followed by Deloitte on 6.93. 14 September 2014
Insurance
Matt Hodges-Long, founder of insurtech start-up TrackMyRisks, has warned insurers to stop sending email attachments and start sharing information with their customers instead. 26 September 2017
Insurance
Law firm RPC has named Simon Laird as head of insurance. He succeeds James Miller in the role, who was recently elected as the new managing partner. 14 February 2017
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