Risk
Prediction vs. Reality: Cyber Risk in the COVID-19 World
Two months ago, as COVID-19 began to spread from its initial hotspots in China and Italy into the U.S., there was a great deal of speculation about how it might impact cybersecurity risk. ...
UK Government Forms $12.5 Billion Reinsurance Backstop for Trade Credit Insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit ...
Complications Grow for Business Income Insurance
As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in ...
Pandemic Losses Will Exceed S&P Estimates: Chief Risk Officers Say
Analysts for Standard & Poor's Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. Risk officers speaking at a rating agency ...
Allianz Negotiating for China Insurance Asset Management License
Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world's second-largest economy. Discussions for a ...
InsurTech Betterview Pulls in $7.5M Financing Round From Guidewire, Others
InsurTech startup Betterview raised $7.5 million in new funding to fuel expansion of its AI technology that helps P/C carriers spot and manage property ...
The Latest Launches From Neptune Flood and Cowbell Cyber
Neptune Flood is now offering commercial flood insurance in 48 states for small and mid-sized businesses. Cowbell Cyber formed a new partnership to help boost its cyber offerings.
Self-Driving Cars May Not Prevent Many U.S. Crashes After All
Self-driving cars, long touted by developers as a way to eliminate road deaths, could likely only prevent a third of all U.S. road crashes, an analysis of traffic accidents released on Thursday has ...
The Latest Launches From Root Insurance and Marsh/AXA XL
Root Insurance added homeowners coverage to its platform. Marsh and AXA XL are debuting a new usage-based policy that lets businesses meet a surge in demand for the same-day delivery of their ...