Commercial Lines
A Majority of Risk Managers Now Buy Cyber Insurance: Survey
Approximately 78 percent of risk managers now purchase some level of cyber insurance, up from 34 percent in 2011, according to the tenth year of the Zurich North America and Advisen Cyber Survey. Of ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
InsurTech Convr Launches Underwriting Tool for Commercial Carriers
InsurTech Convr has launched a new underwriting insights tool that includes a COVID-19 management dashboard. The Illinois-based startup, formerly known as DataCubes, said that Convr Insider provides ...
Broker Startup Newfront Raises $100 Million
Digital brokerage startup Newfront said it has raised more than $100 million in venture financing it will use to fuel business growth and product development. Founders Fund and Meritech Capital led ...
Travelers Achieves Robust Q3; Net Income More Than Doubled
The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter. An increase in the quarter's core income to $798 million ...
Conservative Culture Stymies Efforts to Diversify Insurer Executive Leadership
Attempts to diversify insurers' executive leadership are often stymied by conservative leadership and cultures, even after years of trying, a recent panel discussion concluded. "I don't mean to speak ...
FinTech Innovation Lab New York Seeking Startups for 12-Week Program
The FinTech Innovation Lab New York is now accepting application for its 12-week program designed to help early-and growth-stage financial technology companies accelerate their development. The ...
Three Year’s Later, #MeToo Hasn’t Prevented Retaliation for Sexual Harassment Reports
Three years into the #MeToo movement, there may be more awareness around workplace sexual harassment. But a new report finds that almost three-quarters of people reporting such harassment suffer from ...