News
Reinsurance
Market participants in Asia face a multitude of challenges that are affecting the market simultaneously, making it very difficult to respond adequately to each one, Moungmo Lee, general manager, analytics, AM Best Asia-Pacific, told EAIC Today. 2 November 2014
Insurance
The cyber threat to supply chains and industrial control systems is growing exponentially as a result of the rapid rise in computing power. Add to this the increased use of internet of things devices and prevalence of 5G and there is the potential for something of a perfect storm of risk. Jenna McGrath, senior cyber economist at CyberCube, explains the key threat factors and how the insurance industry can respond. 14 April 2021
Insurance
Recent reports highlighted the growing threat of cyber-attacks and data breaches to the energy sector, and underscore the growing need for protection, according to rating agency AM Best. 26 March 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has secured $375 million from Google’s parent company Alphabet. 24 August 2018
Insurance
Kingstone Insurance Company (KICO), a wholly-owned subsidiary of property/casualty insurer Kingstone Companies, has reduced its personal lines quota share treaty ceding percentage to 10 percent, down from 20 percent, effective July 1, 2018. 24 August 2018
Insurance
The chair of Allianz’s board, Michael Diekmann, has stepped down following the company’s annual general meeting. 7 May 2015
Insurance
Insurtech firms raised a record $3 billion in new funding in the first half of 2019, with developments such as usage-based insurance boosting demand in the sector, with European companies attracting the lion's share. 13 September 2019
Insurance
There are 775,654 US homes at extreme risk of wildfire, according to CoreLogic analysts. 13 September 2019
Insurance
China Life Insurance Company has appointed Zhao Lijun as chief financial officer (CFO). His nomination has been approved by China’s Insurance Regulatory Commission – CIRC. 25 November 2016
Insurance
It aims to cut lost revenue in the UK commercial property insurance sector. 27 April 2021
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