ABI pushes for driverless car data standard
28 November 2016
The Association of British Insurers wants an international-standard data set to help insurers establish liability in accidents involving highly automated vehicles…
International
Big Data throws up ‘price exploitation risk’
28 November 2016
Using Big Data to price risk could lead to consumer exploitation, the UK’s Financial Conduct Authority warns…
British insurers fume at latest tax rise
28 November 2016
UK insurers and brokers have attacked the Government’s plan to again increase the insurance premium tax, this time by 2%…
Axa backs Trov launch in UK
28 November 2016
US insurtech Trov last week introduced the UK’s first “on-demand” insurance, with products underwritten by Axa…
Worldwide rates still falling, but more slowly: Marsh
21 November 2016
Global insurance rates have declined for the 14th consecutive quarter, according to the latest figures from Marsh…
Digital strategy ‘vital for insurers’
21 November 2016
An effective digital strategy is critical for insurers’ long-term success, according to law firm DLA Piper…
Zurich eyes more savings under three-year growth agenda
21 November 2016
Zurich aims to achieve net savings of $US1.5 billion by 2019 under a turnaround plan unveiled to investors last week by Group CEO Mario Greco…
Talanx lifts full-year outlook despite challenges
21 November 2016
HDI Group’s parent company Talanx has raised its earnings forecast for this year, but expects profits will flatline next year as markets remain tough…
Insurance crucial to disaster resilience: World Bank
21 November 2016
Insurers are key players in the global push to improve catastrophe resilience, a World Bank and Global Facility for Disaster Reduction and Recovery report says…
Liberty Mutual turns around Q3 performance
21 November 2016
Liberty Mutual Holding Company has reported a dramatic third-quarter turnaround, posting a $US455 million profit compared with a $US427 million loss in the corresponding period last year…
Fraud investigators urged to keep up with social media
21 November 2016
Insurers are increasingly turning the tables on fraudsters by scanning social media, according to a white paper from QBE North America…
UK whiplash crackdown to cut premiums
21 November 2016
British drivers could see their car insurance premiums fall by about £40 a year under plans to either eliminate whiplash claims or cap them…
Hiscox grows premium in tough conditions
21 November 2016
Bermuda-based specialty insurer Hiscox has reported gross written premium of £1.86 billion for the nine months to September 30, an increase of 14.3% on the corresponding period last year…
Aspen triples Q3 net profit
21 November 2016
Aspen Insurance Holdings’ third-quarter net profit more than tripled to $US95.6 million from $US28.2 million, buoyed by improved underwriting margins…
Tech offers top opportunity, Guy Carpenter survey reveals
14 November 2016
Technology innovation will provide the biggest growth opportunities for insurers and reinsurers next year, according to a Guy Carpenter survey of industry executives…
Lloyd’s India branch wins approval
14 November 2016
Lloyd’s has secured the approval of the Indian regulator to provide onshore reinsurance services…
Munich Re upbeat after Q3 profit surge
14 November 2016
Munich Re is confident full-year earnings will “significantly exceed” its €2.3 billion forecast after third-quarter net profit grew 30.3% to €684 million…
Zurich sees signs of recovery
14 November 2016
Zurich has reported third-quarter net income of $US912 million, up 342% on the corresponding period last year following a recovery in general insurance performance…
Allianz turns in strong quarter
14 November 2016
Allianz is on course for its forecast full-year operating profit of €10.5 billion after turning in a strong third quarter thanks to “contributions from all business segments”…
Ebix reports record revenue
14 November 2016
Insurance technology specialist Ebix achieved its highest quarterly revenue figures in the three months to September 30…