Markets
S&P: Reinsurers Downplay Climate Change at Their Own Risk
Reinsurers must not take climate change for granted or underestimate its impact. If they do, they risk dealing with higher levels of catastrophic risks that fall way outside of their financial ...
Industry Execs See Reinsurance Market Woes Continuing
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, ...
Regulatory Change Positions Pakistan’s Insurance Sector For Expansion
Pakistan's insurance sector is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant ...
Hackers Present Challenges For Driverless Car Initiatives
A red VW Golf jerks back and forth as it maneuvers into a parking space in the English spa town of Cheltenham. The halting efforts resemble those of a new driver, and in a sense they are -- just not ...
Nationwide Will Reorganize Scottsdale and Other Brands Into Just One
Nationwide Mutual Insurance Co. said it will unite all of its products and subsidiaries under its most recognizable brand— Nationwide — and drop the use of Harleysville Insurance, Scottsdale and ...
Towers Watson: More U.S. Drivers Embrace Driving Monitoring Tech
It sounds intrusive, in theory – the use of a telematics device to monitor a policyholder's driving habits in exchange for possible savings in insurance premiums. But a new Towers Watson survey ...
What Analysts Expect in 2015: Lower Rates, More M&A, Underwriting Losses
Analysts seem to agree on a few things, at least, about what the property/casualty insurance industry can expect through the end of 2014 and into 2015. Reinsurance consolidation is coming, they say. ...
Two Everest Re Divisions Team to Offer Global Specialty Coverages
Two divisions of Everest Re Group will combine to offer specialty coverages outside of the United States and Canada, essentially going global in their efforts. Specialty Insurance Group (SIG) and ...