News
Insurance
The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone. 29 August 2018
Insurance
The UK government plans to raise the insurance premium tax (IPT) from 10 percent to 12 percent, doubling the tax payable by customers on general insurance policies in the past 18 months, as revealed in the Autumn Statement. 24 November 2016
Insurance
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Michael Scala as chief underwriting officer, Asia Pacific. 9 October 2018
Insurance
Intense competition and overcapacity are among the biggest challenges for the global reinsurance industry. That was one of the key points in a presentation in Monte Carlo, given by rating agency AM Best, at which it also warned of some of the negative effects of Brexit. 9 September 2019
Insurance
Talbir Bains has been made the permanent chief executive officer (CEO) of DUAL Group, the world’s largest international managing general agent (MGA). 29 January 2016
Insurance
Acadian Managers, a general insurance agency, has entered into an agreement with Spinnaker Insurance Company to underwrite and market Spinnaker’s homeowners and swelling fire products in Louisiana. 26 May 2016
Insurance
The Japanese non-life insurance market experienced a mixed year in 2018, according to a report from the underwriting and planning department of Toa Reinsurance. 29 October 2019
Insurance
US specialty insurer RLI is “off to an excellent start in 2018” with a 91 combined ratio and continued strong organic growth across much of the product portfolio, CEO Jonathan Michael commented the first quarter 2018 results. 19 April 2018
Insurance
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth. 22 January 2018
Insurance
Artificial intelligence (AI) is much discussed in the insurance industry but it is often in the context of small-scale projects, pilots or experimental phases. To make the most of the transformative potential of AI and associated systems such as robotic process automation (RPA), insurers need to bite the bullet and move towards a more integrated approach. 25 June 2021
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