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Demand for secondary perils forecasts is growing, with a rise in interest from traditional reinsurers in the US and insurance-linked securities (ILS) funds, according to Chris Ewing, head of client management for Aon’s Impact Forecasting division. 22 October 2019
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern. 21 October 2019
Insurance
CRESTA has updated all 4,901 low-resolution and 242,172 high-resolution CRESTA zones for the 137 countries it covers, following consultation with the industry. 21 October 2019
Insurance
On-demand insurance will play a fundamental role in the future of the industry, according to research from the International Underwriting Association (IUA)., which says that pay-as-you go models of cover will allow customers to automatically activate policies when and where they need them. 17 October 2019
Insurance
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has outlined the next steps in its strategic plan to become the fastest growing claims solutions provider in Asia. 17 October 2019
Insurance
Insurance agency The Hilb Group (THG) has acquired New Jersey-based LCIA, Inc. DBA Campisano Insurance Agency (LCIA). 16 October 2019
Insurance
Gallagher acquires Florida-based The Doyle Group and its affiliates, known as Direct To PolicyHolder
Gallagher has acquired Ponte Vedra Beach, Florida-based The Doyle Group and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). 15 October 2019
Insurance
UK insurers will not be as badly affected as some other sectors in terms of ratings downgrades in the event of a no-deal Brexit. 7 October 2019
Insurance
Only 37% of insurers have a holistic digital transformation strategy in place, despite the vast majority saying that capabilities in this area are important. 7 October 2019
Insurance
Liberty Mutual Insurance Group has restructured its financial risks reinsurance unit in Continental Europe following the acquisition of AmTrust's Nationale Borg Reinsurance (NB Re), in a move aimed at expanding its global footprint. 7 October 2019
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