Emerging Markets
China Monsoon Economic Loss Near $4B: Aon Benfield
Impact Forecasting, Aon Benfield's catastrophe model development team, reported June figures for catastrophe losses on opposite sides of the global, with China monsoon losses coming in highest at ...
Swiss Re: Non-Life Insurance Premium Growth Still Misses Pre-Crisis Levels
Non-life insurance premium growth continued to improve in 2014, fueled by a stronger performance in advanced markets. But it still averages less than before the 2008 financial crisis, Swiss Re said ...
Malaysia’s Islamic Insurers Hope to Double Younger Audience by Going Digital
Malaysia's Islamic insurers are seeking to double policy holders in five years by investing more in digital technologies to attract a younger audience, according to the industry association's head. ...
AIR Worldwide’s Lee on Innovation
This article is part of our insurance innovators interview series. Ming Lee, Chief Executive Officer, AIR Worldwide Q1: In your view, what has been the greatest innovation in the P/C insurance ...
Collaborating With Competitors? It Happens When Innovation Is the Goal
Collaboration between competitors happens in the property/casualty insurance industry when the goal is to tackle tough risk issues like improving protection for vulnerable low-income populations ...
Allstate to Offer Ride for Hire Policy
Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft. The insurer said Wednesday that the Ride for Hire policy will cost $15 to $20 a year on ...
U.S. Storms Caused $1B in May Insurance Claims: Impact Forecasting
A number of severe thunderstorms and flooding in the U.S. in May produced more than $1 billion in insurance claims and over $3 billion in economic losses, Aon Benfield's Impact Forecasting said in a ...
ISO Drone Coverage Options Now in Effect
ISO announced Wednesday that its new coverage and exclusion options for commercial drones took effect June 1 in most ISO jurisdictions, providing insurers with tools to help develop innovative ...