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 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 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
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 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
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
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 are expected to drive a privately insured loss of around $63 billion, the majority of which is from the United States
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 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 has risen by more than 7%, a new analysis published by the International Underwriting Association
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
CoreLogic has estimated that the insurance and reinsurance industry losses from Hurricane Ian could reach $47bn.
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
The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims
Hurricane Fiona has caused loss of life, extensive property damage, flight cancellations and power loss for hundreds of thousands of homes across Atlantic Canada
Specialty risk coverage solutions provider RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance
Marine insurers have agreed to increase the standards by which they measure climate alignment in the maritime industry
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 insurers face a series of tough challenges over the next five years because of the country’s ageing demographic and economic factors
Insurance Information Institute have stated that insurers need partners to reduce the threat flooding poses to life and property worldwide
Medicare-focused online insurance broker GoHealth has received a $50 million private investment
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 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 has revived a military shipbuilder’s lawsuit for insurance coverage of lost income and extra expenses incurred during the COVID-19 pandemic
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 announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland
U.S. Directors & Officers (D&O) insurance results in the first half of 2025 have improved, though premium growth has stalled
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions
The European Parliament plenary session adopted MEP Axel Voss’ own initiative legislative report on responsible third-party litigation funding (TPLF)
Sun Life Financial is acquiring a majority stake in the US-based retail distribution firm Advisors Asset Management (AAM).
Several European insurance sector outlooks could move to ‘deteriorating’ if high inflation persists and interest rate rises become more significant
American International Group (AIG) has launched the initial public offering (IPO) of its majority-owned subsidiary, Corebridge Financial.
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
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 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 in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses
Led by the life insurance and pension segment the Malaysian insurance industry will reach $26.7 billion in 2026.
Reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022
The Insurance Council of Australia (ICA) has estimated that $5.28 billion is the cost of this year’s floods across South-East Queensland and northern New South Wales
In 1H2022, the UNIQA Insurance Group generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds
A number of European insurers have ruled out underwriting a proposed crude oil pipeline linking Uganda’s oil fields with the Tanzanian port of Tanga
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier
Driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
Insurance Europe has responded to a consultation conducted by the International Association of IAIS on draft criteria to assess whether the Aggregation Method
Ping An Insurance Company of China has launched PingAn-3 – also known as Taijing-1 01 – the company’s first earth observation optical remote sensing satellite
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers over the next two years
Greater uncertainty arising from global issues, like the COVID-19 pandemic and the Russia-Ukraine war, is driving more conservative reserving approaches in the global reinsurance industry
Insurer Aflac announced the launch of its newly enhanced Aflac Individual Short-Term Disability Insurance. The company’s income protection insurance product
Lloyd’s provides an update on the factors driving growth in the US property & casualty (P&C) insurance market.
four price comparison websites—Compare the Market, GoCompare, MoneySuperMarket and Confused—dominate the UK’s motor insurance market
Scorching weather coupled with a lack of rain will create the perfect conditions for wildfires in the UK, and insurers should brace themselves for a rise in home insurance claims
Fitch Ratings analysis shows that US mortgage insurance underwriting results in 1H22 were particularly strong as current-year loss activity is in line with pre-pandemic periods.
AM Best is of the view that the Inflation Reduction Act (IRA) of 2022 contains several important provisions for the health insurance industry
The National Association of Insurance Commissioners members pass a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry
Insurance sector codes in the Bermuda Monetary Authority Act 1969 have been revised as part of the passing of a bill to amend the BMA Act by adding
Cigna Corporation is to expand its Cigna + Oscar small business health insurance into the Philadelphia metro area
A recent AM Best report suggests that companies continue to actively shrink their property cat exposures to avoid perils and reduce volatility
