Innovation
Africa is Luring Global Insurance Companies
Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog ...
State Farm Seeks to Test Drone Use for Damage Response in Illinois
State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. The (Bloomington) Pantagraph reported that the ...
XL Group Boosts Cyber and Technology Underwriting Capacity
XL Group has become the latest insurer to add capacity to its cyber and technology coverage expertise, as data breaches continue to increase and the market rushes to respond in kind. XL Group's ...
Zurich Insurance CIO Wants New Rules to Protect Green Bond Boom
The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate ...
White Mountains Grabs Majority Stake in Web Insurance Broker
White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of ...
Get Your Insurance, IKEA-style
A new competitor is jumping directly into the insurance market – IKEA Group, the Swedish maker of stylish and affordable furniture. The Wall Street Journal reported that the company began selling ...
AIG Launches $1B Rail Catastrophe Policy
American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped ...
Cyber Insurance Market Will Surge, Lloyds CEO Predicts
Lloyd's of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & ...