Long-term gains to drive M&A decisions
25 June 2018
Insurance executives want acquisitions to transform their organisations for the future, rather than simply enhance current operations, KPMG says…
International
European insurers prepare for AI disruption
25 June 2018
About 75% of insurers in Europe have invested in artificial intelligence and machine learning, a survey by consultant Insurance Nexus shows…
Chubb warns on growing environmental risk
25 June 2018
Businesses have been urged to employ multinational insurance programs for environmental risk as governments implement tighter regulations…
AM Best holds AIG ratings
25 June 2018
AM Best has affirmed AIG’s long-term issuer credit rating of bbb, and its outlook is assessed as stable…
Munich Re aids ‘smart factory’ partnership
25 June 2018
Munich Re has joined forces with manufacturing consultancy MHP and robotics group KUKA to create an intelligent manufacturing plant…
Lloyd’s Lab scours world for tech talent
18 June 2018
Lloyd’s has begun a global headhunt for tech specialists and entrepreneurs to help it develop innovative insurance solutions…
US rates climb in first quarter
18 June 2018
US commercial insurance prices increased modestly in the first quarter, global broker Willis Towers Watson says…
Florida renewals fall short of expectation
18 June 2018
JLT Re says Florida property-catastrophe reinsurance renewals posted low single-digit rate increases at the start of the month, as plentiful capacity muted expected gains…
AGCS urges businesses to wise up on resource depletion
18 June 2018
Businesses must do more to understand and address “natural capital” risks, Allianz Global Corporate & Specialty has warned…
Car makers told not to oversell ‘self-driving’ features
18 June 2018
The Association of British Insurers and car safety group Thatcham Research have warned car makers to be more careful when describing autonomous technology…
Zurich calls for mitigation focus in disaster strategy
18 June 2018
Disaster management plans must focus more on preventive measures, as the risk from extreme weather rises, Zurich says…
Engineering cover struggles as construction falls flat
18 June 2018
Swiss Re says engineering insurance premium growth has continued to stall due to depressed construction spending and poor underwriting performance…
ABI appoints first female chief
18 June 2018
Amanda Blanc has been appointed Chairman of the Association of British Insurers – the first woman to take the role…
RIMS explores risk management’s post-GFC strategic rise
18 June 2018
The Risk and Insurance Management Society has published a report chronicling the evolution of enterprise risk practices since the 2008 global financial crisis…
Sluggish cyclones add to flood damage
12 June 2018
Experts say tropical cyclones are taking longer to move, doubling rainfall and flooding in the locations they hit…
Amazon weighs ‘insurance selling agent’ move
12 June 2018
Amazon is likely to partner with insurers to reduce losses and bring down premiums through smart home technology, Morgan Stanley says…
Policy wordings ‘too complex’ for most consumers
12 June 2018
Research shows UK insurance documents contain so many complex sentences and phrases that eight out of 10 policyholders do not fully understand them…
US May storms exceed $3 billion
12 June 2018
Severe weather in the US last month led to economic losses of $US2.3 billion, with the cost expected to rise…
Experts blame cladding for spread of Grenfell blaze
12 June 2018
Fire experts have told a public inquiry into London’s Grenfell Tower tragedy that combustible cladding was the “primary cause” of the blaze’s spread…
Industry keeps economic engine ticking over, institute says
12 June 2018
The insurance industry has been labelled indispensable to the global economy and more than just a risk manager for businesses and consumers…