Risk
Kenyan Startup Sells Insurance Starting at $1 a Month
A Kenyan startup that offers insurance from as little as $1 a month is betting the market for small policies will eventually make money, even if the metrics are pointing in the other direction. "To ...
AIG’s Q4 Profit Exceeds Estimates; P/C Underwriting Rebound Continues
Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business. AIG, one of the ...
Arch Capital’s Net Income Grew; Insurance Combined Ratio Still Above 100
Arch Capital Group Ltd. ended 2019 with a number of things in its favor. The Bermuda-based insurer and reinsurer saw its net income climb significantly higher in the fourth quarter and its ...
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
Average Commercial Insurance Prices Jumped 11 Percent in Q4: Marsh
Global average commercial insurance prices increased 11 percent in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth-quarter ...
Metromile, Tokio Marine Group Expand Claims Partnership
Metromile and Tokio Marine Group said they are expanding their claims partnership. Metromile, an InsurTech insurance carrier centered around machine learning, said that Tokio Marine is now using its ...
SkyWatch.AI, Starr Begin Usage-Based Drone Insurance in Canada
InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada. The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly ...
Global Natural Disasters Caused Economic Damages Surpassing $3B in January: Aon
U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in economic damages during January, according to Aon's Global ...