Underwriting
Cyber Risks Poised to Become a $20 Billion Market: Allianz
Cyber risk remains a rapidly increasing problem with wide-ranging economic impact and cost. A new Allianz report illustrates how bad the situation has become, costing the global economy $445 billion ...
Survey Says: Millennials Love Usage-Based Auto Insurance Policies
More drivers aged 18 to 34, commonly known as millennials, are interested in usage-based auto insurance policies than are drivers in all other age groups. Specifically, 88 percent of millennials are ...
Surplus Lines Posts Record-Breaking Year for 2014
The surplus lines industry broke records in 2014, growing direct premium written in 2014 to $40.2 billion—the highest point in history, reports A.M. Best's "2014 Special Report U.S. Surplus ...
Busting Myths About Underwriting Technology
Cutting your hair makes it grow faster. Thomas Edison invented the light bulb. Humans use only 10 percent of their brains. Most people assume those statements to be correct because they are so often ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...
AIG, QBE, Allianz Vets Hired to Launch BHSI’s Construction Insurance in Australia
Berkshire Hathaway Specialty Insurance Co. is diving into the construction insurance market in Australia, and it has hired veterans of Munich Re, AIG, QBE and Allianz to help run it. BHSI is now ...
Genome Sequencing is Boosting Food Safety Efforts in Crucial Ways
Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly ...
Amlin’s Pending Acquisition Puts Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Amlin Plc's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., ...