CFO / Financial
Zurich Insurance Net Income Fell 12%, Internal Profit Rose 12% in 2022
Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12 percent decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital ...
Who Is the Real Artist? Questions, Lawsuits Spring From AI Images
Countless artists have taken inspiration from "The Starry Night'' since Vincent Van Gogh painted the swirling scene in 1889. Now artificial intelligence systems are doing the same, training ...
Laid Off Tech Workers Are About to Get Help—From Allstate
Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology ...
Evolve or Die: More Than a Third of CEOs See Transformation as Path to Survival
More than a third of insurance industry chief executives believe that their companies won't be economically viable in a decade if their businesses continue running on the same course, a new survey ...
Investment Activities Don’t Cut It; Underwriters Create Value: ACORD
"Sustainable value creators" among the 100 largest property/casualty insurance carriers generated more value through underwriting than through investment activities over a 20-year study period, ...
Recession Early Warning: More Misleading Earnings Reports
In the United States, publicly traded companies are required to report their recent financial performance, whether good or bad, to the public. The accuracy of these reports is critical for investors, ...
Bold Movers and Losers: Incumbents Need to Act While InsurTechs Stumble
At a time when InsurTechs face major headwinds and incumbent insurers benefit from market tailwinds, it's time for the traditional insurers to make bold strategic moves, McKinsey partners said in a ...
Investing in Cheerful Chatbots To Boost Customer Service? Don’t Waste Your Money
Humans displaying positive emotions in customer service interactions have long been known to improve customer experience, but researchers at the Georgia Institute of Technology's Scheller College of ...