Browsing: Insurance industry

Insurance industry updates featuring Aon’s leadership change and BHSI’s expansion into UK programs business

Berkshire Hathaway is adopting a ‘wait and see’ strategy regarding artificial intelligence, despite its insurance chief acknowledging AI’s potential to transform risk assessment and claims evaluation.

The global pet insurance market is expected to grow substantially from USD 9.3 billion in 2022 to USD 27.8 billion by 2032, driven by increasing pet ownership and demand for comprehensive coverage.

Kansas City Life Insurance Company reports net income of $1.9 million for Q1 2025, driven by decreased policyholder benefits and operating expenses

Recent executive changes in the insurance sector, including new roles at IMA Financial Group, Willis Towers Watson, Zurich North America, and other major insurance companies

Despite growing demand, life insurance sales remain stagnant due to consumer hesitation, misinformation, and complexity in the purchasing process

Explore essential insurance terminology used globally, helping clients and professionals navigate complex policy language across various markets

Domestic non-life insurance companies face significant losses in Q1 due to wildfires and heavy snow, sparking concerns about climate change impacts on financial performance

NobleOak Life Ltd has announced the application for quotation of 87,250 ordinary fully paid securities on the Australian Securities Exchange (ASX) under an employee incentive scheme, potentially enhancing its market presence.

Insurance companies like Zurich, Chubb, and AXA have shown consistent profitability despite market fluctuations, according to Moody’s Ratings report