Ritardare le Olimpiadi probabilmente costerà agli assicuratori molto meno che annullare del tutto i Giochi di Tokyo, con la possibilità che alcuni dei soggetti...
Molte aziende globali, dagli alberghi, dalle compagnie aeree alle case industriali, dovrebbero pagare un conto elevato per le interruzioni di attività causate dal coronavirus...
Secondo AM Best, gli utili dei riassicuratori dovrebbero subire un'ulteriore erosione nel 2019, dopo un altro anno di gravi sinistri catastrofali, che sta prolungando...
Un giudice dell'Oklahoma lunedì ha ordinato a Johnson & Johnson di pagare 572,1 milioni di dollari allo stato per la sua parte nell'alimentare un'epidemia...
L'incubo legale che si sta allargando sugli diserbanti Roundup non è l'unica potenziale responsabilità multimiliardaria che Bayer AG ha ereditato lo scorso anno quando...
Il mercato delle cyber assicurazioni continua a crescere e, secondo un nuovo rapporto A.M. Best, la performance assicurativa in questo settore rimane forte. I premi...
La trasformazione digitale del settore assicurativo non è più realtà solo per le startup assicurative. In Allstate, il 60% delle richieste di risarcimento sono ora...
Il pioniere delle criptomonete Justin Sun ha offerto 4,57 milioni di dollari per pranzare con l'investitore miliardario Warren Buffett, che notoriamente si riferiva a...
I risarcimenti legati alla responsabilità civile relativi al crash dell'Ethiopian Airlines e del velivolo Boeing 737 MAX 8 potrebbe costituire il più grande sinistro per...
Aon Plc sta prendendo in considerazione di fare un'offerta per l'acquisto di Willis Towers Watson Plc, secondo fonti vicine ai fatti. Potrebbe essere la...
Nella relazione annuale, il presidente di Berkshire Hathaway, Warren Buffett, ha raccomandato ai lettori di concentrarsi sugli utili operativi, esaminando un anno in cui...
Molteplici tempeste invernali e freddo estremo hanno causato la morte di 45 persone e costato all'economia statunitense 1 miliardo di dollari nel mese di...
Secondo Willis Re, le stime riguardanti i danni assicurati da grandi catastrofi naturali nel 2018 ammontavano a circa 71,5 miliardi di dollari, il valore...
L'impatto complessivo dei sinistri catastrofali sui premi property è stato attenuato in occasione dei rinnovi riassicurativi del 1° gennaio 2019, ma il quarto anno...
RenaissanceRe Holdings e il gestore di fondi olandese PGGM hanno lanciato Vermeer Reinsurance Ltd per fornire capacità riassicurativa nel mercato property USA sui rischi...
Durante la recente conferenza annuale della Professional Liability Underwriting Society (PLUS) a San Diego, Jamison Narbaitz, senior counsel with Clyde & Co. ha parlato...
L'International Association of Insurance Supervisors (IAIS) ha dichiarato di voler sostituire l'elenco degli assicuratori "too big to fail", pubblicato l'ultima volta nel 2016, con...
La compagnia di riassicurazione con sede alle Bermuda RenaissanceRe Holdings ha concordato il pagamento di circa 1,5 mld di dollari per acquisire la piattaforma...
Dopo uno degli anni più attivi quanto a fusioni e acquisizioni nel settore assicurativo, le condizioni di mercato continuano a spingere questa tendenza, secondo...
Un'unità australiana dell'assicuratore tedesco Allianz SE è sotto inchiesta per aver venduto un'assicurazione di viaggio che prometteva ingannevolmente una copertura emergenza medica illimitata ovunque...
L'iniziativa B3i annunciata un anno fa ha sviluppato un prototipo di blockchain riassicurativa per i contratti property excess-of-loss ed è stata testata da 40...
RSA Insurance Group ha aperto un ufficio in Lussemburgo in preparazione all'uscita del Regno Unito dalla UE. Fornirà una piattaforma per RSA in Europa...
Un consumatore su cinque afferma che userebbe Amazon o Google per la propria assicurazione sulla casa, secondo un sondaggio J.D. Power. E la maggior...
Il gigante cinese Ping An Insurance Group ha citato in giudizio un intermediario grossista californiano per l'utilizzo del nome Ping An. La società cinese...
Gli investigatori in Cina hanno iniziato a richiamare vaccini difettosi prodotti da un produttore di droga cinese dai mercati nazionali e internazionali, secondo quanto...
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous...
Tax reform, a growing economy and lower catastrophe losses helped U.S. property/casualty insurers more than double their first quarter profit this year. Insurers’ net income...
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled...
The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services...
South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted...
The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow...
AmTrust Financial Services Inc. jumped almost 12 percent in late trading Thursday after billionaire Carl Icahn disclosed a stake in the company and said...
Takata Corp.’s defective air bags have been linked to 278 injuries across the United States, according to updated figures released by U.S. Democratic Senator...
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an...
American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well...
Insurtechs may be trying to transform how carriers, brokers and agents do business, but customers aren’t widely aware of their existence just yet, J.D....
A series of high-profile accidents involving self-driving cars are slowing the mad rush into the autonomous vehicles business, according to a report issued Wednesday. The...
The family of the woman killed by an Uber Technologies Inc. self-driving vehicle in Arizona has reached a settlement with the ride services company,...
Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side...
Coincheck Inc. said it will start compensating users who had their cryptocurrency stolen beginning as soon as next week, as the Japanese exchange seeks...
U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new...
Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past...
The link between property and transport has been perhaps the most durable in human history.Since the ancients, few things have delivered higher land values...
Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter.Interest from...
Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this...
Chubb had a solid last quarter of 2017 and year even though challenged by wildfire and other catastrophe costs. Fourth quarter results were enhanced...
The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA).The...
Insured losses for last year’s 330 natural catastrophes reached US$134 billion, or 38 percent of their economic price tag of $353 billion, according to...
Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a...
Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in...
The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million),...
A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest...
Swiss Re has agreed to purchase 1.1 million life insurance policies from UK insurer Legal & General Group (L&G) for £650 million ($873.6 million).These...
Chubb Limited reported a preliminary loss estimate for the fourth quarter from natural catastrophes, including the California wildfires, of approximately $320 million pre-tax, or...
Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s...
Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry...
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out...
A recent online survey of 1,000 U.S. individuals uncovered that the majority (87 percent) are concerned about a natural disaster striking their area but...
The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the...
For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market.The German company said on Wednesday that it sold...
Global insurance and risk services firm Marsh & McLennan Companies reported financial results for the third quarter that include $3.3 billion in consolidated revenue,...
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of...
A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance...
XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes.Included within that figure is $1.33...
Wells Fargo & Co. CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints about mortgage fees at...
Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe modeling firm AIR Worldwide.Puerto...
The U.S. Federal Trade Commission and a powerful Congressional committee are investigating the data breach at Equifax Inc., deepening government scrutiny of the cyber...
Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit.Through several of...
Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to...
The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results,...
Flood damage in Texas from Hurricane Harvey may equal that from 2005’s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance...
QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined...
Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc.After-tax operating income...
With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018...
Marsh & McLennan Companies reported revenue increases across all of its four operating units, along with margin expansion in insurance and consulting businesses, in...
A group representing German insurers says the rioting that accompanied the Group of 20 summit earlier this month could cost insurance companies up to...
Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent...
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume...
Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal...
Reduced market access, regulatory fragmentation, the return of inflation and cloud risk accumulation pose the largest challenges with the highest downside risk potential in...
BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to...
InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry.There are...
AmTrust Financial Services Inc., the provider of workers’ compensation insurance, surged in New York trading after members of the chief executive officer’s family agreed...
The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss...
The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating...
Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the insurance industry over the next eight years, according to a...
Twenty years ago, people who thought that the Internet would completely transform business processes would have been right, but they could also have lost...
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses...
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading...
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new...
“Will technology make insurance obsolete?”That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to...
Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said...
American International Group Inc., one of the largest U.S. insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts.AIG...
QBE Insurance Group will move its European base from London to the continent because of uncertainty in accessing the European market after Brexit, the...
Marsh & McLennan Companies Inc. (MMC) reported financial results for the first quarter ended March 31, including 5 percent revenue growth at Marsh and...
Tesla Inc. is facing its first legal challenge over self-driving technology in a case alleging the electric carmaker sold 47,000 vehicles with Autopilot software...
Aon, JLT, Marsh, Willis Investigated by UK Regulator Probing Aviation BrokingBritain’s financial watchdog is investigating four large insurance brokers over information-sharing on aviation insurance,...
Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber RisksBuilding on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced...
Future Tech to Create Lower Claims Frequency, New Threats: Allianz ReportTechnology is expected to be a major driver of liability claims in the years...
China’s Baidu Plans July Launch of Self-Driving Car TechnologyBaidu Inc. said on Tuesday it would launch its self-driving car technology for restricted environment in...
Hackers Target Japan’s Mobile Gamers to Access Their Employers’ DataGamers beware: hackers offering free virtual trinkets don’t care about your passwords or personal data,...
Obamacare Insurers Struggle to Set Plans Amid Threats to ProgramObamacare is stuck in limbo, and insurers and state regulators are struggling to set their...
Worldwide Broker Network Adds Members in Germany, CroatiaWorldwide Broker Network (WBN)* announced the addition of two members in Germany and Croatia, bringing the network...
Trump May Withhold Insurers’ Funds to Force Democrats to Negotiate HealthcareU.S. President Donald Trump told The Wall Street Journal on Wednesday that he might...
Insured Losses for Europe’s Storm Zeus Estimated at US$200M: PERILSThe initial estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit...
Political Risk a Growing Concern, Say Brokers, InsurersEvan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002...
Cyber Breaches Permanently Hit Share Prices, Especially Financials: StudyCyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued...
Insurance Costs for Windstorm Egon Rise to €234M ($243M): PERILSThe revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany...
Starbucks in China Provides Health Cover for Workers’ ParentsStarbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a...
Driver Privacy at Risk when Telematics Data Stored in the Cloud: ResearchersDrivers’ private information can be compromised when stored in the cloud for usage-based...
A recent crash involving an Uber Technologies Inc. driverless car suggests autonomous software sometimes takes the same risks as the humans it may one...
Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin...
Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next...
The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are...
Widespread use of autonomous vehicles will completely transform the motor insurance sector over the long term when liability begins to shift towards manufacturers and...
Urgent action is required to limit the global fallout from rising obesity levels, according to a report published by health insurance provider Aetna International.Aetna...
American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic...
Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their...
China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier...
Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the...
Reports of drone safety violations continued to increase during 2016. There were 1,274 reports from February through September last year, compared with 874...
Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following a strong growth in 2016, according...
Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business.Paris-based OAAGC (Office...
The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to...
Millions of homes and condominiums across the country are in high danger zones for environmental hazards.According to the Environmental Hazards Housing Risk Index, produced...
U.S. motor vehicle accident deaths last year topped 40,000 for the first time since 2007 as cheap gasoline and a healthy economy encouraged motorists...
Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition...
Chubb Limited CEO and Chairman Evan G Greenberg said that the company’s 2016 financial results have reflected the benefits of the nearly $30 billion...
RSA Insurance has made its first external investment in a fintech company, Pitpatpet Ltd., the Cambridge, England-based creator of the PitPat dog activity monitor...
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial...
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation’s chief auto safety regulator essentially cleared...
Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief...
Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher...
U.S. President-elect Donald Trump aims to replace Obamacare with a plan that would envisage “insurance for everybody,” he said in an interview with the...
United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance...
Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into...
Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of C$3.2 billion (US$2.4 billion)...
Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter...
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in...
The wing on Facebook Inc.’s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft and its autopilot overcompensated...
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential...