20 June 2022
The International Association of Insurance Supervisors is seeking submissions on the draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard...
06 June 2022
Reinsurer and insurer profitability improved in the first quarter underpinned by rate gains and lower catastrophe losses compared to a year earlier, Gallagher Re says in a global report on financial results...
06 June 2022
Allianz will no longer issue new single-site and stand-alone property and casualty insurance from January 1, or fund new oil and gas field projects or the construction of new infrastructure related to those power plants...
06 June 2022
Reports that loyal UK motor insurance customers face premiums up to double the price of those paid by new customers despite regulatory reforms are unsurprising, analytics firm GlobalData says...
06 June 2022
The covid pandemic took a significant toll on wellbeing in advanced markets, with Australia topping the most impacted list as more than a third of Australians say their mental and physical health declined in the past year, a Swiss Re poll found...
06 June 2022
As part of its transition towards climate sustainable operations, Munich Re has announced the launch of a new afforestation entity, TreeTrust...
30 May 2022
The Atlantic hurricane season, which starts on Wednesday, is likely to feature above-average activity for a seventh consecutive year, partly due to the ongoing La Nina, the US National Oceanic and Atmospheric Administration says...
30 May 2022
A joint Marsh-Microsoft survey of more than 650 decision makers globally has found 58% of respondents say it is worth paying for insurance to safeguard against the risks and costs of a cyber attack...
30 May 2022
The covid pandemic is likely to worsen social inflation impacts that have already made the claims landscape more challenging and expensive for insurers, a US industry executive says...
30 May 2022
Australia’s renewable energy market, like the rest of the world, is feeling the impact of covid-fuelled disruptions in the global supply chain, a new report from GCube Insurance says...
30 May 2022
Lloyd’s and the International Underwriting Association have announced an extension to a multi-year agreement with American technology service provider DXC Technology worth $US465 million to modernise the London insurance market...
23 May 2022
Just 8% of insurers globally qualify as climate change frontrunners, meaning they are taking action that will improve the resilience of their businesses from the worsening effects of global warming, a new report from non-profit financial services body Efma and consultancy Capgemini says...
23 May 2022
Lloyd’s says losses related to the Ukraine war are likely to be concentrated in the aviation, marine, political risk, political violence and trade credit classes but the conflict won’t be a “solvency or capital event” for the corporation or individual syndicates...
23 May 2022
Overlooking opportunities from emerging risks can see risk management professionals become irrelevant to clients, a new report from the Risk and Insurance Management Society says...
23 May 2022
Ardonagh Group first quarter operating profit rose to £29.4 million from £17.1 million driven by acquisitions and existing businesses...
23 May 2022
The US-based National Insurance Crime Bureau says property and casualty insurers paid between $US4.6 billion and $9.2 billion extra in disaster claims last year due to insurance fraud...
23 May 2022
Risk Management Solutions will launch a new global model that assesses acute and continuous weather events and their climate change impact...
16 May 2022
Swiss Re’s latest Sigma report says income inequality is rising in advanced nations and this is contributing to a massive loss in insurance protection...
16 May 2022
Allianz’s Australian operations suffered a €43 million loss in the first quarter, damaged by record flooding in NSW and Queensland which offset good growth in retail and commercial lines...
16 May 2022
Munich Re first-quarter earnings rose 3% to €608 million as repercussions from the war on Ukraine offset benefits from higher premiums and reduced natural catastrophe major losses...