Insurer AXA UK joined forces with insurtech Synectics Solutions
Insurer AXA UK is joining forces with Synectics Solutions, specialises in combating financial crime through innovative technology, including a syndicated fraud database
š«š· France Insurance News
Moodyās estimates insured losses from Windstorm CiarĆ”n $1ā$1.6 bn
Moodyās RMS, the risk modeling and solutions company, estimates that insured losses from Windstorm CiarĆ”n, also known as Emir, will likely fall between $1 bn and $1.6 bn
European insurance industry faced a year of changes and challenges
The European insurance industry faced a year of changes and challenges, with the top ten insurance companies remaining consistent while a noticeable reshuffling
AXA acquires Laya from Corebridge Financial – subsidiary of AIG
French insurer AXA hasĀ signed a dealĀ to acquire Irish health insurance company Laya Healthcare (Laya) in a deal valued at ā¬650 mn
AXA deploys AXA Secure GPT – service built on OpenAI Service
AXA announces the deployment of AXA Secure GPT, an internal service built on Microsoftās Azure OpenAI Service
French AXA Group discusses strategic options for XL Re
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing
Verisk indicates that 45% of risks insured for flooding loss
Verisk, a data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy
French P&C insurers are facing credit negative increase in drought losses
French P&C insurers are currently facing credit negative increase in drought losses this year amid forecasts of prolonged warm
European life insurers are at risk of significant losses on bond
European life insurers are at risk of significant unrealised losses on their bond portfolios due to higher interest rates
Trends at Europeās largest insurers illustrate an upward movement in insurance pricing
Trends at Europeās largest insurance companies illustrate an upward movement in commercial insurance pricing which is set to continue, albeit at a slower pace
French Insurance Market Outlook by Fitch Ratings
The āneutralā outlook for the French life insurance sector reflects Fitch Ratingsā view that the fundamentals will be resilient in 2023
Reinsurance rates for property catastrophe business should increase by over 10%
Reinsurance rates for property catastrophe business should increase by over 10% at the January renewals, supporting underwriting margins against rising claims
SCOR reports a net loss of ā¬509 mn for the 9M 2022
SCOR has reported a net loss of ā¬509 million for the first nine months of 2022, as natural catastrophe claims increased to ā¬907 million
Italian insurer Generali has completed its acquisition of La MĆ©dicale
Italian insurer Generali has completed its acquisition of La MƩdicale, the insurance subsidiary for healthcare professionals CrƩdit Agricole
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