Reinsurance Consolidation Won’t Let Up Anytime Soon: Standard & Poor’s
Expect more reinsurance M&A deals in the coming months as reinsurers seek to remain competitive through tough market conditions, S&P Global Ratings predicts in a ...
Surveys
Major Cyber Event Could Produce Significant Losses for Some Major Carriers: A.M. Best
Three of the top 20 cyber insurance providers could face "meaningful to significant gross losses" from a single-event cyber catastrophe, according to an A.M. Best report based on modeling conducted ...
Insurers’ H1 Featured Spike in Downgrades, But Upgrades Still Came Out on Top: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty industry during the first half of 2018, according to an A.M. Best report. But the ...
Execs See AI as Reshaping Finance But Disagree on What It Is
Global financial leaders are convinced artificial intelligence is poised to reshape their industry, and they're ready to invest big. They just can't agree on what it is. The World Economic Forum ...
Property Cover Drives 3rd Consecutive Quarter of Global Commercial Insurance Prices Hikes
Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh's "Global Insurance Market Index." These average ...
July’s Droughts, Fires Caused Billions of Dollars in Economic Damage: Impact Forecasting
For many of July's global natural disasters, it was all about drought and wildfires, according to the latest update from Aon's Impact Forecasting. What the report found: Many countries dealt with ...
Favoring Employees Who ‘Kiss Up’ to the Boss Can Have Negative Consequences
Executives might want to think twice about how they favor employees who "kiss up" to the boss at work to boost their careers. A new Oregon State University study says employees who rely on the ...
AI Investments Give Insurers 10X the Return: Accenture
Artificial intelligence, machine learning, analytics and other "intelligent" technology could help U.S. insurers boost their profitability by up to $20 billion, according to a new Accenture report. ...
Insurer Hedge Fund Investments Drop a Second Year; AIG a Big Driver of Trend
Insurers continue to reduce their investment in hedge funds in a big way, according to a new A.M. Best report. American International was one of the biggest drivers of the downward trend, with its ...