Data & Research
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
Global Insured Natural Catastrophe/Disaster Losses Hit $23B in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled $23 billion, while economic losses during the same period came to $44 billion – an ...
U.S. Mortgage Reinsurance Remains a P/C Bright Spot: Standard & Poor’s
While business conditions in traditional property/casualty reinsurance areas continue to deteriorate, U.S. mortgage reinsurance apparently remains a bright spot, due to government mandates and other ...
Munich Re, Swiss Re, Hannover Re, SCOR Are Keeping Pricing Discipline in Tough Market: Fitch
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite ...
Global Insurance Rates Continue Their (Moderated) Fall: Marsh
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh's Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 ...
Berkshire Hathaway Builds Stake in Synchrony, but Exits Its Former Parent GE
Warren Buffett has long preached the importance of investing in businesses that are hard for competitors to copy. That may be part of why his Berkshire Hathaway Inc. built a $520 million stake in ...
Reinsurers Now Much More Likely to Report Natural Disaster-Related Underwriting Loss: S&P
Things could get rougher for global reinsurers if annual natural catastrophe claims keep moving closer to the long-term average, Standard & Poor's said in a new report. It turns out that upward ...
Post-Hurricane Andrew, Miami Is Increasingly Vulnerable to Catastrophic Storm Damage: Swiss Re
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city's vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance ...