Risk
Allianz, Praedicat Partner on Improving Catastrophe Liability Risk Predictions
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based InsurTech analytics firm, to better predict key ...
Insurance Will Overtake Banks as Bigger Contributor to Swiss Economy
Switzerland's financial center is in the midst of a power shift. The Alpine country's less fashionable insurers, long overshadowed by glamorous private banks around Zurich's posh Paradeplatz and Lake ...
Cyber Insurance Was Profitable in 2016, Even With Higher Loss Ratios: Aon Benfield
Cyber insurance may be a fast-changing and relatively new market, but it was profitable in 2016 despite higher loss ratios, according to a new Aon Benfield report. The U.S. market combined ratio for ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
More China Insurance Regulators Reportedly Under Scrutiny
Chinese investigators have questioned at least two more officials at the nation's insurance watchdog after starting a probe into the agency's former top official Xiang Junbo, according to a person ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
Climate Change Worsens U.S. Mobile Home Tornado Vulnerabilities
Tornadoes and mobile homes don't mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates ...
Munger Sees Danger, Opportunity in Berkshire Hathaway’s $10.2B AIG Deal
Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and ...