Insurers reserved to pay $14 bn on all types of Hurricane Ida-related claims in Louisiana
Insurers have paid or reserved to pay $13.9 billion on all types of Hurricane Ida-related claims in Louisiana
Insurance News
Flood insurtech Previsico decides to rollout of its IoT detection solutions
Insurtech Previsico has accelerated their UK IoT solutions rollout for flood mitigation across the UK to help minimise risk for homeowners and businesses
U.S. Auto Insurance Claims Satisfaction Study: customer satisfaction has declined
U.S. Auto Claims Satisfaction Study, customer satisfaction has declined 7 points from 2021 as they begin to lose patience with the claims process
Insurers in the Canadian market are turning to alternative capital
Aon have reported that insurers and reinsurers in the Canadian market are increasingly to turning to the alternative capital markets to navigate challenging conditions
Chubb Life Hong Kong and Aeon Credit launches partnership
Chubb Life Hong Kong and consumer credit company Aeon Credit Service have launched a new distribution partnership
Global commercial insurance prices continued to moderate
Global commercial insurance prices continued to moderate through the third quarter of 2022, with increases slowing to 6%, down from 9% in the second quarter
Uncertain future for US workers’ compensation insurance line, warn AM Best
Uncertain future for US workers’ compensation insurance line, despite the line generating solid profits.
Insurers welcome repeal EU’s Directive on Distance Marketing of Consumer Financial Services
Insurance Europe has published a set of key messages regarding the repeal of the EU’s Directive on Distance Marketing of Consumer Financial Services
Polish Motor Insurers’ Bureau: Foreign drivers cause 3% of accidents on Polish roads
In 2021, drivers of vehicles with foreign registration numbers caused 12.8 thousand accidents and collisions, according to the data of the Polish Motor Insurers’ Bureau
Ping An Insurance delivered at Q3 2022 a 20% annualized operating ROE
Ping An has announced its Q3 2022 results, saying that it saw a growth in operating profit of 3.8% during the period
Insurance industry loss for the Southern Australia Severe Storms estimates in AUD 972 mn
Catastrophe loss aggregator PERILS has disclosed its fourth and final industry loss estimate for the Southern Australia Severe Storms which occurred from October 28-30
Moody’s downgrades outlook on the UK P&C insurance sector to negative
Moody’s has downgraded its outlook on the UK P&C insurance sector from stable to negative, reflecting the adverse impact of high inflation on underwriting profitability
The scope of Hurricane Ian pushes potential insured flood losses above the median
The scope and intensity of Hurricane Ian have pushed potential insured flood losses above the median with reinsurers and auto carriers on the hook
Insurance company restrictions on oil and gas are finally starting to catch up with those on coal
According to a new data report from the Insure Our Future campaign, insurance company restrictions on oil and gas are finally starting to catch up with those on coal
Suspension of Boeing’s 737 MAX fleet is one of biggest aviation insurance claims in history
The suspension of Boeing’s 737 MAX fleet following two crashes in 2018 and 2019 is now thought to be one of the single biggest aviation insurance claims in history
Chinese general insurance market will grow to $304bn in 2026
Chinese general insurance market is set to grow at a compound annual growth rate (CAGR) of 7.2% from CNY1,367.7bn ($212.1bn) in 2021 to CNY1,943.1bn ($304.4bn) in 2026
Swiss Re estimates its preliminary claims from Hurricane Ian $1.3 bn
Global reinsurer Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion
The insurance industry committed to the financial inclusion and fair treatment of customers
Insurance Europe has published its comments on a consultation conducted by the European Insurance and Occupational Pensions Authority (EIOPA) on its draft statement
The Geneva Association supports institution of the UN-convened Net-Zero Asset Owner Alliance
The Geneva Association has become a supporting institution of the UN-convened Net-Zero Asset Owner Alliance (NZAOA), an alliance of institutional investors committed
UK Life Insurers are directly exposed to sovereign risk through investments
Fitch expects the UK life insurance sector’s strong business profile and capital headroom to continue to underpin ratings in the hypothetical scenario of the UK sovereign rating
AM Best maintaines its stable market segment outlook on the Japan Non-Life Insurance
AM Best has maintained its stable market segment outlook on the Japan non-life insurance segment given recent profitable underwriting performance
Hurricane Ian could lead to $50bn of insured industry losses, global insured losses of $100bn
Hurricane Ian could lead to $50bn of insured industry losses, with a likelihood of seeing global insured losses of more than $100bn in 2022
Insurance industry losses from Hurricane Ian will be $53-74 bn – RMS
Catastrophe risk modeller company, RMS, has estimated that insurance and reinsurance industry losses from Hurricane Ian will be $53-74 bn
Lloyd’s will collaborate with the UK government to develop the kitemark space exploration
Lloyd’s has announced that it will collaborate with the UK government and industry experts to develop the world’s first kitemark for sustainable space exploration
30 insurers ask court to seize and sell the Japanese vessel ONE Apus to cover $39mn claims
30 insurers that have paid an estimated $39 mn in lost cargo claims, along with cargo owners without insurance, asked court to seize Japanese vessel ONE Apus
FCA wants to create an insurance ‘risk pool’ for some UK tower blocks after the Grenfell blaze
FCA plans to change the rules on insuring some high-rise buildings in the UK, after a tower block fire in London five years ago led to the deaths of 72 people
Aon Grows Data and Analytics Capabilities for Reputational Risk with Acquisition
Global insurance broker Aon has expanded its data and analytics capabilities for reputational risk with the acquisition of advanced analytics and advisory services provider
Hurricane Ian will be one of the largest insured catastrophe losses in US history
Hurricane Ian has the potential to be one of the largest insured catastrophe losses in US history, with implications for both the Florida, reinsurance, retrocession, and ILS markets
Marsh explored how ESG factors are being used to assess clients’ risk profiles
Insurance broker Marsh has released data from a survey of 30 insurers representing a significant cross-section of the UK insurance market, exploring how ESG factors
Catastrophes around the world causes $123bn in insured losses, report Verisk
An annual average basis, catastrophes around the world are expected to cause around $123bn in insured losses compared to an average of $74bn in actual losses
Major hurricane Ian’s impacts to drive a privately insured loss $63 bn
Major hurricane Ian’s impacts are expected to drive a privately insured loss of around $63 billion, the majority of which is from the United States
European Commission extendes the validity of the Motor Vehicle Block Exemption Regulation
Insurance Europe has published a set of key messages on the European Commission’s proposal to extend the validity of the Motor Vehicle Block Exemption Regulation
UK life insurer stocks pressures by moves in the gilt market
UK life insurer stocks are being pressured by moves in the gilt market, mainly by the speed of the market moves and the potential of short-term collateral calls required by derivatives
Premium income for the London insurance market rises by 7%
Premium income for the London insurance market has risen by more than 7%, a new analysis published by the International Underwriting Association
Verisk estimates that Hurricane Ian could drive a re/insurance industry loss of $42-57 bn
Data analytics and risk assessment firm Verisk has estimated that Hurricane Ian could drive a re/insurance industry loss of between $42 billion and $57 billion
Re/insurance industry losses from Hurricane Ian could reach $47bn – CoreLogic
CoreLogic has estimated that the insurance and reinsurance industry losses from Hurricane Ian could reach $47bn.
Hurricane Ian in Florida is unlikely to affect credit for rated P&C reinsurers
Hurricane Ian, which hit Florida in recent days, is unlikely to affect credit for rated P&C reinsurers because of ample capital levels and the ability to increase premium rates
Polish Financial Supervision Authority issued recommendations about MTPL insurance claim
The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims
Insured losses from Hurricane Fiona are predicted to be between $300 mn to $700 mn
Hurricane Fiona has caused loss of life, extensive property damage, flight cancellations and power loss for hundreds of thousands of homes across Atlantic Canada
Marine & Energy division RB Jones acquires Smart Cargo Insurance business from Corvus
Specialty risk coverage solutions provider RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance
How the Poseidon Principles for Marine Insurance create a benefits for insurers?
Marine insurers have agreed to increase the standards by which they measure climate alignment in the maritime industry
McDonald’s moves global insurance operation from Dublin to Bermuda
McDonald’s is moving its global insurance operation to Bermuda from Dublin and is tailing off its Irish vehicle, says a report from the Irish Independent
Japanese Life Insurance Industry will grow to $313 bn in 2026
Japanese life insurers face a series of tough challenges over the next five years because of the country’s ageing demographic and economic factors
Insurers need partners to reduce the threat flooding poses to life and property worldwide
Insurance Information Institute have stated that insurers need partners to reduce the threat flooding poses to life and property worldwide
Medicare insurance broker GoHealth receives $50 mn investment
Medicare-focused online insurance broker GoHealth has received a $50 million private investment
CEO Vienna Insurance Group Elisabeth Stadler will retire in 2023
VIG’s Deputy CEO and Deputy Chairman of the Board Hartwig Loeger, ex-Federal Finance Minister and short-term Chancellor, may become the Austrian Group’s CEO
Norbert Rollinger – President of the German Insurance Association (GDV)
Norbert Rollinger is the new President of the German Insurance Association (GDV). The Executive Committee elected the CEO of R+V Versicherung AG to head the association
The Vermont Supreme Court revives a military shipbuilder’s lawsuit for BI insurance coverage
The Vermont Supreme Court has revived a military shipbuilder’s lawsuit for insurance coverage of lost income and extra expenses incurred during the COVID-19 pandemic
India’s life insurance market swelles by 11% CAGR
The growth of India’s Life insurance market has reported a CAGR of 11% in the sector that has occurred consistently, between 2017 and 2022
Generali reaches an agreement to buy the former MetLife pension business in Poland
Generali announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland
U.S. D&O insurance results have improved
U.S. Directors & Officers (D&O) insurance results in the first half of 2025 have improved, though premium growth has stalled
Verisk Maplecroft launches new Industry Risk Analytics
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions
EU supervision of third-party litigation funding insurance sector could benefit
The European Parliament plenary session adopted MEP Axel Voss’ own initiative legislative report on responsible third-party litigation funding (TPLF)
Sun Life Insurance is acquiring a 51% Advisors Asset Management for $214 mn
Sun Life Financial is acquiring a majority stake in the US-based retail distribution firm Advisors Asset Management (AAM).
Fitch: European insurance sector outlooks could move to deteriorating
Several European insurance sector outlooks could move to ‘deteriorating’ if high inflation persists and interest rate rises become more significant
AIG launches IPO of its majority-owned subsidiary, Corebridge Financial
American International Group (AIG) has launched the initial public offering (IPO) of its majority-owned subsidiary, Corebridge Financial.
7-10% of Bulgarian homeowners insured against damages from natural disasters
A torrential rain caused rivers and streams to overflow flooding several villages in Bulgarian Plovdiv Province on September 2022, leaving over 500 people in need of safe
US life and health reinsurers’ earnings suffered from adverse mortality trends
According to AM Best, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends
QBE will underwrite telematics insurtech Zego’s behavior-led fleet product
QBE Insurance will underwrite Zego’s behavior-led fleet product, which leverages telematics data to assess a fleet’s risk profile
US and Bermuda reinsurers have seen strong operating returns
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds