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Insurance
The cyber insurance market has not developed as much as it should have in the past 20 years and remains “frustratingly immature”, Inga Beale, CEO of Lloyd’s, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris last week. 28 February 2018
Insurance
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based insurtech Business Insight. 28 February 2018
Insurance
The re/insurance industry loss from extratropical cyclone Friederike (also called David) is currently estimated at €1.466 billion, according to the Zurich-based catastrophe insurance data provider PERILS. 28 February 2018
Insurance
AXA Insurance has partnered with UK-based start-up Brolly to provide a new car insurance product. 28 February 2018
Insurance
Reech Corporations Group has agreed a significant seed investment in German insurtech start-up FinanzRitter, in the latest addition to its growing pan-European portfolio of fintech businesses. 28 February 2018
Alternative Risk Transfer
Fomenting a reinsurance revolution isn’t easy. Everyone wants change, but what that means is as varied as the people calling for it. So, when there’s a sign of consensus, immediate action is always best, writes Tom Johansmeyer of PCS, Verisk Insurance Solutions. 28 February 2018
Insurance
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol. 16 February 2018
Insurance
Germany’s Allianz saw claims stemming from California wildfires, hurricanes Harvey, Irma and Maria plus European storms and other natural catastrophes rise to €1.1 billion in 2017 compared to €0.7 billion in 2016. 16 February 2018
Insurance
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016. 16 February 2018
Insurance
Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event. 16 February 2018
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