Leadership & Strategy
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. ...
XL Catlin Will Sell On-Demand Cyber Cover Using Slice Labs’ Cloud-Based Platform
XL Catlin will use Slice Labs' cloud-based, pay-per-use platform for a new cyber insurance product. The insurer and reinsurer plans to offer the new coverage for U.S. small and medium-sized business ...
Executives On The Move at Chubb, XL Innovate and RMS
Chubb hired an executive who will oversee its North America Claims operations. XL Catlin's XL Innovate named a new principal who will help lead investments into novel areas. Catastrophe modeler RMS ...
China’s Fosun International Mulls Takeover of Belgian Insurer Ageas
Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its ...
Pay-Per-Mile Auto Insurer Metromile Pulls in $90M Financing Round
Metromile Inc., a pay-per-mile auto insurance provider, raised $90 million in new financing designed to further expand the use of its technology, which includes artificial intelligence for ...
The Latest Launches From CNA and Philadelphia Insurance Companies
CNA streamlined a process it uses for agents to get quicker workers compensation quotes through a proprietary portal. Philadelphia Insurance Companies launched a new Pool and Spa Contractors Program ...
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 ...
Crypto Cover Is Drawing Increasing Insurance Industry Interest
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won't find many ads promoting it or details on company websites offering it. But according to industry ...