insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2017 Reinsurers looking for diversity, Willis Re says http://www.insurancenews.com.au/international/reinsurers-looking-for-diversity-willis-re-says http://www.insurancenews.com.au/international/reinsurers-looking-for-diversity-willis-re-says Reinsurers are continuing to diversify their portfolios as they look to improve underwriting performances, according to a half-year market report from Willis Re…

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Mon, 18 Sep 2017 12:49:00 +1000
Modeller scales down Irma’s upper loss estimate http://www.insurancenews.com.au/international/modeller-scales-down-irmas-upper-loss-estimate http://www.insurancenews.com.au/international/modeller-scales-down-irmas-upper-loss-estimate Insured losses from Hurricane Irma will probably range from $US32-$US50 billion, changed from an earlier $US20-$US65 billion estimate, according to catastrophe modeller AIR Worldwide…

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Mon, 18 Sep 2017 12:48:00 +1000
Hurricanes may knock Munich Re off profit target http://www.insurancenews.com.au/international/hurricanes-may-knock-munich-re-off-profit-target http://www.insurancenews.com.au/international/hurricanes-may-knock-munich-re-off-profit-target Munich Re faces a third-quarter loss and may not achieve its €2-€2.4 billion profit target this year because of hurricanes Harvey and Irma…

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Mon, 18 Sep 2017 12:47:00 +1000
Hurricanes show need for US flood cover reform: Lloyd’s http://www.insurancenews.com.au/international/hurricanes-show-need-for-us-flood-cover-reform-lloyds http://www.insurancenews.com.au/international/hurricanes-show-need-for-us-flood-cover-reform-lloyds The US must reform its flood insurance market, including allowing the private sector to play a bigger role, according to Lloyd’s CEO Inga Beale…

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Mon, 18 Sep 2017 12:47:00 +1000
Capacity, lack of modelling ‘hold back terror market’ http://www.insurancenews.com.au/international/capacity-lack-of-modelling-hold-back-terror-market http://www.insurancenews.com.au/international/capacity-lack-of-modelling-hold-back-terror-market Restricted capacity, limited modelling and lack of demand from smaller organisations is hampering development of a substantial terrorism market as the focus of attacks shifts, according to Guy Carpenter executives…

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Mon, 18 Sep 2017 12:46:00 +1000
Insurtech ‘enables’ traditional insurers, Aon says http://www.insurancenews.com.au/international/insurtech-enables-traditional-insurers-aon-says http://www.insurancenews.com.au/international/insurtech-enables-traditional-insurers-aon-says Insurtech could be an enabler rather than a disruptor of the traditional insurance model, according to a new report from Aon…

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Mon, 18 Sep 2017 12:46:00 +1000