News

Technology

Embrace touchless and virtual claims to resolve customer pain points

The technology is already there to dramatically streamline the claims process, says Sean Baird, ‎director, product marketing at Nuxeo—insurers just have to take advantage of them. With automation able to reduce the number of manual interactions required to support the claims process, carriers can now move with confidence towards a touchless experience, all while enhancing customer experience, he explains to Intelligent Insurer.   1 January 2021

Insurance

XL Catlin promotes former Zurich exec to US leadership role

Re/insurer XL Catlin has promoted Angie Strack to the position of senior vice president and underwriting manager for its global risk management division's US North Central region, including the greater Chicago-area and upper Midwest.   10 March 2017

Insurance

Fitch warns about Marsh & McLennan debt burden after JLT takeover

Fitch Ratings has placed the ratings of Marsh & McLennan Companies (MMC) on Rating Watch Negative following its agreement to acquire Jardine Lloyd Thompson Group (JLT) for roughly $5.6 billion.   24 September 2018

Insurance

Diversify the capital structure and ILS will thrive: Schroders ILS chair

Lohmann now looks at strategic initiatives to find new insurance-linked areas to invest in.   17 September 2020

Insurance

Chubb partners with insurtech Bunker

Chubb is joining forces with insurtech Bunker Technologies to accelerate new insurance product development for a flexible working environment.   5 April 2018

Insurance

Convective storms: the impact

More severe convective storms are occurring in the US, meaning that insurers must increasingly see it as more than simply an attritional loss, Rajkiran Vojjala of RMS told Monte Carlo Today.   8 September 2019

Insurance

Bulk of recent cat losses to be borne by insurers

Recent natural catastrophes are likely to have only limited impact on reinsurers as the bulk of the losses will be borne by primary insurers, according to S&P Global Ratings.   6 September 2018

Insurance

St. Maarten joins Caribbean’s cat risk facility CCRIF SPC

St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall.   6 September 2018

Insurance

Insurtech Concirrus launches AI-powered marine platform

London-based insurtech company Concirrus launched an AI-powered marine insurance analytics platform called Quest.   20 September 2017

Insurance

Sirius-Third Point merger solves uncertainties at both as execs welcome onset of hard market

Third Point Re CEO looks forward to re-finding his “muscle memory” around a hard market.   15 September 2020

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