Underwriting
W.R. Berkley Net Income Rises in Q4, but Net Premiums Written, Investment Income Dips
W.R. Berkley Corp. saw its year-over-year net premiums written and investment income dip in the fourth quarter, but net income rose compared to the year before. Net income hit about $155 million for ...
SkyWatch, a Drone Data Risk Analysis Startup, Raises $2M With Insurance Industry Support
SkyWatch, a startup focused on analyzing data and risk for the drone industry, has reeled in $2 million in seed funding from a number of investors including insurance industry vets. The company plans ...
UK InsurTech Startup Inzura Raises $1M to Fuel Machine Learning/AI Growth Plans
Inzura, the London-headquartered InsurTech startup, announced the completion of its first major funding round, raising $1 million to pursue what it said will be ambitious growth plans. Investors ...
Most Americans Uneasy About Riding in Self-Driving Cars
Two-thirds of Americans are uncomfortable about the idea of riding in self-driving cars, according to a Reuters/Ipsos opinion poll, underscoring one of many challenges for companies spending billions ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
Chubb Soars in 2017 Despite Catastrophe Cost Challenges
Chubb ended 2017 in relatively solid shape, challenged by wildfire-related catastrophe costs but buttressed by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net income, ...
Generali Goes for Artificial Intelligence in Spain Via New Expert System Agreement
Generali is planning to inject the use of artificial intelligence into its work processes in Spain. The Italian insurer will do this by way of an agreement with Expert System, an artificial ...
Munich Re Is Lead Investor in $16.5M Financing for Mnubo, an IoT/Artificial Intelligence Startup
Munich Re's HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things, data analytics and artificial intelligence startup seeking to expand internationally. Both companies ...