News
Insurance
The fact that the Terrorism Risk Insurance Act (TRIA) needs to be renewed in an election year adds a potential complication to Congress’s reauthorising the terrorism insurance backstop, according to analysts at AM Best. 22 October 2019
Insurance
US flood risk is an increasingly important and also complex issue for the US market, according to Raghuveer Vinukollu, senior vice president and natural catastrophes lead for innovation and strategic products at Munich Re America. 22 October 2019
Insurance
Solutions to the issue of silent cyber are emerging amid the uncertainties, according to Guy Carpenter. But firms must take this issue seriously as regulators and rating agencies are now taking a close interest in the issue with the risk of downgrades very real for companies that do not get a handle on the challenge. 22 October 2019
Insurance
While most re/insurers are now playing an active role in the insurtech space, either by partnering with startups or developing solutions themselves, a surprising number admit to watching developments in the space but without yet acting. 22 October 2019
Insurance
US homeowners insurance premiums are forecast to continue to grow in 2019 with an increasing return on equity for insurers, according to Aon’s Reinsurance Solutions business’s annual Homeowners Return on Equity (ROE) Outlook report. 22 October 2019
Insurance
Specialist insurer Markel International, the specialist insurer, has appointed Simon Wilson as managing executive of global strategy for insurance operations, Markel Corporation. 22 October 2019
Insurance
Rates increases are now “very wide scale” across the industry but not necessarily completely across the board—yet. What is clear is that in a time of extraordinary change and uncertainty, pricing must reach a level that is sustainable, and clients need the support of their reinsurers. 22 October 2019
Insurance
Providers of cyber re/insurance must continually adjust to what is an ever-evolving risk and an ever-adapting market, Annamaria Landaverde, senior vice president and cyber practice lead at the reinsurance division of Munich Reinsurance America, told APCIA Today. 22 October 2019
Insurance
The chief underwriting officer of Everest Insurance, the specialty insurance operation of the Everest Re Group, is in Boston this week seeking deeper and more intimate relationships with its reinsurers. 22 October 2019
Insurance
Munich Re says developments in data analytics and artificial intelligence have enabled it to discover hidden loss drivers and respond accordingly, for example by introducing loss-prevention measures or adjusting pricing. 22 October 2019
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