Strategy
AIG Continues to Struggle as Catastrophe Costs, Lower Yields Hammer Profit
American International Group Inc reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer ...
Insurers Are Exploring Whether They Must Use Blockchain to Compete or Collaborate
Blockchain isn't coming to insurance. It's already here. Leading insurance organizations are participating in alliances to adapt blockchain capabilities to insurance transactions, according to ...
Beazley Unveils Digital Insurance Weather Policy That Relies on ‘Plain English’
Specialist insurer Beazley launched a digital insurance policy in the U.S. that can be customized and describes in plain English precisely what coverage the customer has bought. Beazley Weather Guard ...
Innovators Putting Italy on the InsurTech Carrier Map
A former carrier executive, a strategy consultant in the InsurTech space and a banking expert are teaming up to launch the first InsurTech carrier of the Italian market. Andrea Battista, the former ...
The Latest Launches From Allianz and Liberty Mutual
Allianz Global Corporate & Specialty plans to start offering drone-safety products to insureds to help them manage drone-related risks, by way of a partnership with an Israeli company. Liberty ...
Swiss Re Plans Standalone E&S Arm in North America
Swiss Re Corporate Solutions will debut a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re's traditional E&S property and E&S casualty ...
Zurich Reportedly Joining Wave of Companies Cutting Malaysia Stakes
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 ...
CEOs Need to Reassess, Reset to Stay Successful Midterm
You've made it through your first year as CEO—assessing the business, formulating a vision and strategy, and building trust and legitimacy with some early wins. Now what? A new article from Harvard ...