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Insurance
US homeowners’ premiums increased from $89 billion in 2015, to $91 billion in 2016, and are expected to reach $93 billion in 2017, according to Aon Benfield’s annual Homeowners’ ROE Outlook report, which forecasts continued growth in direct US homeowners’ insurance premiums for 2017 despite a decreasing return on equity (ROE) for insurers. 17 October 2017
Insurance
Re/insurers should view technology as providing the means to evolve and not view it as something that will disrupt the industry, Paul Mang, global CEO of analytics at Aon, told PCI Today. 17 October 2017
Insurance
Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. 16 October 2017
Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
Insurance
Insurers must not get wrapped up in the hype around technology and must instead ensure they innovate and invest in technology in a disciplined way, says Paul Mang, Aon’s global CEO of analytics. 16 October 2017
Insurance
The insurance industry is going through an unparalleled period of change at an unprecedented pace and chief executives unwilling or unable to embrace this rapid development in their markets may not find themselves in their role for long. They must embrace change or get left behind. 15 October 2017
Insurance
Retrocessional rates must increase in the aftermath of big losses from the recent hurricanes and underwriters lacking the will to fight for hikes should get out of the business. 15 October 2017
Insurance
Rates in property-catastrophe reinsurance are likely to increase more than many believe in the aftermath of big hurricane losses because of the low level of equity raising and the debut of trapped capital as a major issue. 15 October 2017
Insurance
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has established a partnership with CLARA analytics to deliver cutting-edge artificial intelligence (AI) tools to workers’ compensation insurers in the US to help employees return to work as quickly as possible, while decreasing loss ratios and improving operational efficiency. 15 October 2017
Insurance
The recent hurricanes and the resulting damage they’ve caused are making people think again when it comes to buying flood insurance, Alan Levin, vice chair at law firm Locke Lord, told PCI Today. 15 October 2017
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