Strategy
Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims
Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...
For Insurers in 2021, M&A Will Enable Streamlining and Tech Advances: Bain
Insurers in 2021 will be doubling down on streamlining, reinforcing their core businesses and updating technology, and M&A will help them get there as it did in 2020, according to a new Bain ...
SPAC Entity Backed by AmTrust CEO Files for $300M IPO
A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on ...
4 Ways P/C Insurers Can Help Agents Keep Consumer Trust in the Digital Age
The pandemic has brought about a lot of change in every industry, but perhaps the most noteworthy trend for property/casualty insurance companies to consider is the renewed emphasis on trust. A 2020 ...
COVID-19 Changed Consumer Priorities, and Insurers Stand to Gain: EY Survey
Consumer priorities have changed in a major way because of COVID-19, and insurers stand to benefit if they adapt and respond in kind, according to the latest EY Global Insurance Consumer Survey. "By ...
Insurers, Agents Both Want More Connectivity and Digital Collaboration
Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. Nearly 90 percent of insurers believe it would be useful to ...
Buffett’s Berkshire Hathaway Makes Major Investments in Verizon, Chevron
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil ...
An InsurTech Mentor Explains Where He Fits in the Startup Process
As Abel Travis sees it, every InsurTech could use a mentor—someone from the insurance industry who can offer advice and counsel on how to target their growth toward success and viability. "Having ...