Underwriting
AIG Will Spend $1.3B Over 3 Years on Modernization Initiative
American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology ...
Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies
Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the ...
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 ...