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Insurance
Impact Forecasting, the catastrophe model development team of Aon Benfield, has enabled Unica Insurance to offer new flood insurance coverage from a catastrophe model created following the widespread flooding in Canada in 2013. 6 October 2016
Insurance
The reinsurance markets in the Middle East and North Africa are expected to harden over the next 12 months as a result of a series of major insured losses which affected the region in the past year and the subsequent retrenchment of some leading market participants. 6 October 2016
Insurance
The financial strength ratings (FSR) of Asia Capital Re have been placed under review with developing implications by AM Best and on CreditWatch with negative implications by S&P Global Ratings. 6 October 2016
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
InsurTech analytics company Praedicat has released a new liability insurance risk modelling platform, which it claims will allow insurers to use so-called forward-looking modelling. 4 October 2016
Insurance
Car manufacturers and suppliers are investing massively in automated driving technology and creating a rush hour of challenges for the motor insurance industry as a consequence. Intelligent Insurer finds out more. 4 October 2016
Insurance
Africa’s reinsurance markets are expected to benefit from strong underlying growth driven by an expansion of its primary markets with insurance premiums reaching $64 billion. 3 October 2016
News
Some of the world’s biggest reinsurers will be hardest hit by a prolonged soft market if an analysis of ratio of reserves to premiums is conducted, according to analysts at CreditSights. 30 September 2016
Insurance
New regulations in a number of markets in the Gulf Cooperation Council (GCC) enhancing minimum capital and solvency requirements as well as incorporating actuarial based pricing and reserving have impacted profitability of many insurance companies, said AM Best. 28 September 2016
Insurance
Bertrand Labilloy, chief executive of French reinsurer Caisse Centrale de Réassurance, explains to Intelligent Insurer why CCR merits a state guarantee and the rationale behind launching the new CCR Re open market enterprise. 27 September 2016
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