Emerging Markets
Undaunted by COVID-19, P/C Insurers and Startups Embraced Innovation Instead
As the CEO and co-founder of digital MGA Koffie Labs, Ian White was initially New York-based. Then the coronavirus pandemic struck, spurring a creative rethinking about what a corporate headquarters ...
China’s Ping An Insurance Hit With Profit Plunge Due to Investment Losses, Premium Dive
Ping An Insurance Group Co of China Ltd , the country's largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy ...
Hack Attack Response: U.S. State Department to Create Cyber Bureau
The U.S. State Department plans to establish a bureau of cyberspace and digital policy in the face of a growing hacking problem, specifically a surge of ransomware attacks on U.S. infrastructure. ...
Russia’s Renaissance Insurance Will Reduce IPO Size
Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an ...
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
China Will Encourage Development of Insurance, Other Financial Products for Gig Economy Workers
China's top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as ...
Ping An Sees Market Value Plunge Due to Investor Worry About China Uncertainties
China's Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, ...
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...