News
Insurance
The biggest challenge when working with big data is often establishing what question is the best one to ask, Andy Jones, who heads the risk engineering practice at MS Amlin, said yesterday during a workshop at the annual Airmic conference in Harrogate. 5 June 2019
Insurance
Directors purchasing directors & officers (D&O) insurance should be aware of the pitfalls and the fact that disputes are common in the event of claims in this line of business, but there are some key things they can do to ensure their policy protects them and pays out when it should. 5 June 2019
Insurance
Society is in the early stages of a revolution driven by technology. While this should mean more prosperity, it will also mean unintended consequences and some “dark and challenging” times, John Ludlow, the chief executive of Airmic, warned delegates in his opening remarks at the risk management body’s annual conference. 4 June 2019
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
Insurance
Carriers and brokers increasingly want their partners to help them leverage data and technology to make them more efficient and offer greater insights into the risks and claims they are grappling with. 4 June 2019
Alternative Risk Transfer
French reinsurer SCOR has returned to the London market for its latest $250 million catastrophe bond to protect itself against losses from named storms and earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
Insurance
Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer. 3 June 2019
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans. 3 June 2019
Insurance
Insurers are guilty of spending too much time navel-gazing rather than thinking about customers. This, argues Stuart Sutherland, Liberty Specialty Markets’ head of casualty, has to change. 3 June 2019
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