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 risk. Guidewire Software led the round, which ...
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. *** Neptune Flood ...
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 ...