News
Insurance
The fundamental nature of businesses, organisational design, and structures is rapidly changing, which is also changing the nature of risk, Claire McDonald, HDI Global managing director UK & Ireland, told Airmic Today at the Airmic conference 2019. 5 June 2019
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired The Protectors Group (TPG), an Australian retail broker specialising in construction, hospitality and transport coverage for commercial and corporate clients in Greater Western Sydney. 4 June 2019
Insurance
Specialist venture capital fund Eos has partnered with broker Marsh to develop innovative insurtech solutions that will deliver 'actionable intelligence' to drive real-time risk management within the insurance marketplace. 4 June 2019
Insurance
US property/casualty (P/C) insurers are well placed to weather the landfall of a significant storm in the 2019 hurricane season despite experiencing elevated catastrophe losses in the recent years, according to Fitch Ratings. 4 June 2019
Insurance
Markel Corporation has appointed James Proferes as executive underwriting officer for global professional liability. 4 June 2019
Alternative Risk Transfer
Bermuda-based White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an insurance-linked securities (ILS) manager with over $4 billion of assets under management. 4 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
The world is grappling with a fast-moving and complex fourth industrial revolution, the full consequences of which are impossible for foresee. This means new challenges for risk managers—but also opportunities. 4 June 2019
Insurance
Data science and machine learning offer opportunities to provide better pricing and reduce fraud as well as offering other benefits, Airmic delegates heard at the ‘How can AI change the risk landscape for businesses and their insurers?’ workshop led by QBE at the Airmic 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
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