Author: insurancejournalnews
Allstate Corp. reported $777 million in estimated pretax catastrophe losses for May, primarily due to three large-scale wind and hail storm events
TravelPerk research shows 44% of business travellers lack company-level travel insurance, prompting the launch of new medical and baggage insurance for European travellers
Industry stakeholders expect artificial intelligence (AI) to revolutionize the global insurance business model by changing the industry’s skill base and facilitating more predictive risk management
Analysis of Hanwha Life Insurance’s recent stock performance and its low price-to-earnings ratio compared to the market average
China takes another step in liberalizing its financial sector, approving AIA Group and Aegon Group to establish wholly foreign-owned asset management subsidiaries in Shanghai
The Australian Securities and Investments Commission (ASIC) is cracking down on greenwashing in the financial sector, with significant penalties for non-compliance.
Industry stakeholders expect AI to revolutionize insurance business models by changing skill requirements and improving risk management and claims processes.
Australia’s insurance industry is experiencing increasing claims and affordability issues due to rising extreme weather events, with recent disasters costing $2.2 billion in six months and projected annual losses reaching $8.7 billion by 2050.
Slide Insurance Holdings Inc.’s successful Nasdaq debut has sparked renewed investor optimism in the insurtech space, but raises questions about the feasibility of replicating this success in Canada.
Captive insurance is evolving beyond traditional property and casualty risks, expanding into areas such as cyber liability, employee benefits, and directors and officers (D&O) liability, becoming a central part of global risk management strategies.