News
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Allianz is acquiring the remaining 51 percent of Liverpool Victoria Friendly Society's (LV='s) general insurance business that it does not already own, for up to £578 million, and taking full owndership of Legal & General Insurance for £242 million, to become the second largest general insurer in the UK. 31 May 2019
Insurance
Inshur, the mobile-first provider of commercial auto insurance for private hire drivers, has teamed up with smartphone taxi app Uber to offer drivers who use the Uber app insurance. The partners said the fully digital insurance service tie up was “one of the first of its kind:. 30 May 2019
Insurance
The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report. 23 May 2019
Insurance
Innovation is driving new insurance start-ups, suggests a panel at the Insurtech Showcase presentation during the Intelligent Automation event being held in London today (Tuesday, May 21), sponsored by Slice Labs. 21 May 2019
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl. 17 May 2019
Insurance
US insurers with a large exposure to terrorism risk could face being downgraded by AM Best if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is not renewed – a scenario that looks difficult at best given the hyper-partisan atmosphere pervading Washington at the moment, the rating agency has warned. 13 May 2019
Insurance
Moody’s rating agency views the Lloyd's of London’s modernisation plan as “credit positive” for its proposals to cut costs and increase its digital services. But it warned that delivery of the plan was subject to a “high degree of execution risk” as it required a major overhaul of the culture and huge investment. 9 May 2019
Insurance
Azur, a managing digital agent (MDA) specialising in the UK's high net worth insurance market, has partnered with technology firm Logical Glue to implement algorithms that it said will enable better risk analysis in order to free up underwriters to focus on more complex risks and broker relationships. 9 May 2019
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