News
Insurance
RSG Underwriting Managers (RSGUM), the managing general underwriting division of Ryan Specialty Group, has formed an independent marine insurance consultancy and claims adjusting company called Smooth Waters. 19 May 2017
Insurance
Insurers worry that the introduction of self-driving cars will shrink auto insurance premiums, but these decreases may be offset by an annual $15 billion additional business from new insurance product lines centred upon autonomous vehicles, according to a US study by Accenture. 19 May 2017
Insurance
Motor liability is unlikely to disappear with the emergence of self-driving cars because the critical decisions will remain the responsibility of the driver, UnipolRe CEO Marc Sordoni told Intelligent Insurer. 18 May 2017
Insurance
Insurance solutions provider Ageas has said that it will use artificial intelligence (AI) technology across its motor claims management, working in partnership with technology specialist Tractable. 18 May 2017
Insurance
Dutch insurance and asset management company NN Group posted a significant rise in its first quarter 2017 operating result for its ongoing business, driven by improvements in all segments while the CEO shows optimism about the benefits of the Delta Lloyd acquisition. 18 May 2017
Insurance
Dublin-based UnipolRe plans to expand its telematics operations in Europe to Germany, France and the UK, CEO Marc Sordoni told Intelligent Insurer. 17 May 2017
Insurance
Insurers based in the UK are creating new entities in the EU to ensure access to the market after Brexit, but the move is set to involve low numbers of staff, Standard & Poor’s suggested in a May 16 briefing in London. 17 May 2017
Insurance
Property/casualty insurer Chubb has appointed Lord Adair Turner as non-executive chairman of two of its key European companies - Chubb European Group and Chubb Underwriting Agencies. 17 May 2017
Insurance
Large-scale ransomware attacks, such as the ‘WannaCry’ on May 13-15, are highlighting the vulnerabilities in companies’ IT systems, which is in turn likely to increase the demand for related insurance protection. But Fitch Ratings warns insurers against aggressive expansion. 17 May 2017
Insurance
Cyber insurance is one of the fastest growing business segments, but poses a unique set of challenges, as proved by the recent global ‘WannaCry’ cyber attack which hit more than 150 countries and affected computers in factories and hospitals. Intelligent Insurer explores four threats making insurers rethink their coverages and general approach to cyber. 17 May 2017
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