Risk
New Partnerships Target Claims Experience, Climate Resilience and Auto Risk Assessment
One partnership will focus on boosting the claims experience for insurers and policyholders. Another looks to promote climate resilience and target social inequities. A third help insurance companies ...
Russian Online Insurer Seeks $1 Billion Valuation for IPO
Renaissance Insurance Group JSC, Russia's largest online policy provider, set a price range for its initial public offering in Moscow that values the company at as much as 73.3 billion rubles ($1 ...
Hurricane Ida, Europe Floods Will Ding Q3 Results for RenaissanceRe, Arch Capital
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company's third quarter 2021 results. This estimate ...
The P/C Insurance Market’s Top Market Conduct Issues
The U.S. insurance industry's top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as ...
G7 Advisors Urge Overhaul of Risk Management for Global Economy
The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors ...
UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million
Humn, a UK-based InsurTech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a ...
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...
Philips Setback: More Than 100 U.S. Lawsuits Advance Over Recalled Sleep Apnea Devices
Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices used to treat sleep apnea that are linked to cancer concerns. ...