Strategy
PwC Targets London Market Claims With New Blockchain Prototype
PwC has created a working blockchain prototype for the London Market's Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...
Progressive’s Flo Is Ready to Win Over ‘Rate Shock’ Drivers
Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents ...
CNA Creates Chief Diversity Officer Position; Ex-Chubb Exec Hired to Fill Slot
New CNA Chairman and CEO Dino Robusto continues to put his stamp on the insurer, this time with the creation of a new executive position: chief diversity officer. The Chicago-based property/casualty ...
New Bond Chief for Allianz’s PIMCO Boosts Returns and Investments Alike
After star money manager Bill Gross left in 2014, Pacific Investment Management Co. seemed destined to fade from prominence and become just one of the many firms that dot the U.S. bond-industry ...
More Insurer CFOs See Big Data as Helping Them With Growth Goals
Nearly 70 percent of insurer CFOs see pursuit of new growth, market expansion or an M&A deal as a significant priority, making it their top business driver, according to a 2016 EY survey of ...
Generali Reportedly Ramping up Plans to Sell Dutch Business
Italy's biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates ...
Low Corporate Adoption of Cybersecurity in Risk Management Strategies Can’t Continue: Swiss Re
Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cybersecurity into their mainstream risk management programs – a situation that is ...