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Insurance
The US National Flood Insurance Program (NFIP) is in need of a significant overhaul which should include an expanded coverage, updated flood maps and higher rates, according to experts speaking to Intelligent Insurer. 29 September 2017
Insurance
Robotic Process Automation is expected to improve insurers’ earnings by about 37 percent with staff numbers falling 20 percent in back office functions, according to a base case scenario by Royal Bank of Canada (RBC). 29 September 2017
Insurance
Across Europe, insurers spend billions of dollars every year in just claim processing costs, and they need help changing this, according to Lex Tan, founder of insurtech startup MotionsCloud. 29 September 2017
Insurance
Insured losses from Hurricane Maria will be between $15 and $30 billion, according to estimates by risk modelling firm RMS. 29 September 2017
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named David Warfel as head of aviation, North America. 29 September 2017
Insurance
Tokio Marine Holdings said on Sept. 29 that chief executive of Tokio Marine Asia Arthur Lee has resigned with effect on Sept. 30, 2017. 29 September 2017
Insurance
The industry is waking up to the need to change but insurers that don’t move now, risk getting left by behind by competitors that act first. 29 September 2017
Insurance
London-based insurtech startup Concirrus was founded to fill the gap in the commercial lines market. 29 September 2017
Insurance
Broker Aon is suing rival Willis Towers Watson (WTW) over its hiring of Michael Burwell as the new chief financial officer (CFO) because Burwell advised Aon on its restructuring plans as a partner of PwC. 27 September 2017
Insurance
Specialist insurer Beazley has partnered with Generali to manage data breaches for Generali Brazil’s new cyber insurance offering for its corporate and commercial clients. 27 September 2017
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