Council and the Parliament have reached a provisional agreement on amendments to the Solvency II directive, the EU's main piece of legislation in the insurance area
Though the stock market is still driven by enthusiasm for artificial intelligence, businesses devoted to insurtech, or the revolution of insurance through technology
The underwriting margins for reinsurers are anticipated to reach their peak in 2024, driven by significant price increases and stricter terms and conditions
In the era of digital transformation, the insurance sector has observed a paradigm shift in the creation of value. Digital data, now form a significant part of the economic value
The Lloyd’s report examined the semiconductor sector’s risk challenges and aimed to spark product innovation through outlining the opportunities to develop new supply chain
In 2024, the North American market for mergers and acquisitions (M&A) continues its lackluster performance, largely attributed to persistently high interest rates
UK life insurance sector are likely to pass on more of the interest they earn on customer cash balances to protect their reputations as customer fairness regulation
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be small
The past year was once again characterised by extremely high insured losses from natural disasters, despite the fact that there were no extreme individual losses
US life insurers are expected to see a benefit to investment income amid high interest rates in 2024, but investors will likely still be watching for potential issues
U.S. property and casualty insurers will see some relief in 2024 year following a rough 2023 as a personal auto line recovery contributes to statutory profit improvement
Cyclone Jasper highlights the increasing challenges posed by extreme weather conditions and their impacts on communities, infrastructure, and the insurance industry