Markets
Need for Pilots Holding Back Flying-Car Dreams
The key to making effective flying cars is eliminating the need for a human pilot, according to Nathan Myhrvold, the co-founder and chief executive of Intellectual Ventures. "The problem with flying ...
Allianz, AXA, USAA Recognized in First Innovation in Insurance Awards
Allianz, AXA and USAA are among the winners of the first annual Innovation in Insurance awards. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the ...
U.S. Flood Insurance Reform Will Spur Trickle of New Players: S&P
Opening U.S. flood insurance to private insurers won't lead to a surge of new market entrants, Standard & Poor's asserts in a new report. Even if Congress passes legislation to make the change as ...
Allianz, AXA See Demand Surge For German Bank Cash Insurance
Europe's top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives ...
Soft Market Remains Top Reinsurance Industry Worry: Xuber Survey
Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining ...
CSC Insurance-Telematics Offering Will Have Outsourcing Option
CSC is unveiling a new telematics-based auto insurance technology offering, promising carriers the option of outsourcing the service or blending it into their own system. The Virginia-based provider ...
Pandemics and Climate Change Present Opportunity for Insurers
The shoe may eventually be placed on the other foot for the U.S. This nation has a long-standing tradition of innovating products and ideas—particularly insurance products—and then exporting them ...
Marketform Rebrands as ‘Neon’ After Completing Strategic Review
Marketform, the specialist Lloyd's insurer, announced that the group has re-launched as "Neon." The re-launch coincides with the completion of a strategic review of the business, as CEO Martin Reith ...