Markets
Making Insurance Personal: Tailoring Insurance Products to Meet Consumers’ Needs
According to a recent Accenture study assessing consumer views about the financial services industry, personalization is a critical success differentiator for insurers. This trend toward ...
Aon and Praedicat Will Jointly Focus on Product Liability Risks
Aon said it would collaborate with analytics company Praedicat on developing a range of specialist liability reinsurance products and services that address product liability risks including ...
Florida’s TypTap Attracts $100M Investment to Fuel Flood Insurance Expansion
TypTap, a Florida-based InsurTech startup that writes private market homeowners and flood insurance, attracted $100 million in financing from investment firm Centerbridge Partners. Plans call for ...
Root Loses $363M in 2020, Will Accelerate Growth Plans in 2021
Root Inc.'s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and ...
Lloyd’s Will Re-Open London Underwriting Room, Offices on May 17
Lloyd's said it plans to re-open its London underwriting room and corporation offices on May 17. The specialist insurance and reinsurance market explained in its Feb. 26 announcement that the opening ...
Aviva Plans to Become Net Zero Carbon Emissions Company by 2040
British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide. Following the ...
Observers Give Mixed Reception to Chubb’s New Blink Digital Platform
Chubb is an old school P/C insurer touting its new Blink platform for consumers as an "easy, effortless and affordable" option "for digitally-savvy consumers." Interestingly, many InsurTechs use the ...
Scoop, There It Is: GEICO Drives Up Berkshire 2020 Underwriting Profit
With GEICO's 2020 underwriting profit more the doubling above the level recorded in 2019, Berkshire Hathaway's full-year property/casualty underwriting income was in the black, even though the ...