Markets
Strait of Hormuz Traffic Slows as Iran Strikes Raise Safety Risk
The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data showed on Monday, as renewed strikes between the U.S. and Iran and attacks ...
Viewpoint: Insurance, Cybersecurity Are Twin Pillars of Resilience for iGaming Industry
The iGaming industry has matured into a regulated global business, one of the fastest-growing areas of the entertainment industry, home to listed companies and garnering mass mainstream recognition. ...
Sompo Acquiring Workers Comp Writer Service Insurance Companies
Sompo International Holdings Ltd. announced a definitive agreement for one of Sompo's U.S. subsidiaries to acquire Service Insurance Companies, a U.S. workers compensation insurance specialist. ...
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders?
One out of every 50 employees working at a group of 30 large insurers is an AI specialist, according to an analysis published by a benchmarking firm, which ranks Allianz, AXA and Chubb as AI talent ...
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers
Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in ...
Illinois Could See Highest Catastrophe Claim Volume in a Decade: State Farm
Severe weather activity is putting Illinois on pace for the highest catastrophe claim volume in a decade, according to an analysis by State Farm. As of June 19, State Farm customers in Illinois have ...
Viewpoint: Boom in Hyperscale Data Centers Puts Insurers to the Test
Hyperscale data center campuses represent the latest growth opportunity for global insurers and reinsurers. Annual investment in these specialized facilities will likely surpass $300 billion by 2027, ...
The Price of Loyalty: How Higher Premiums Are Reshaping Carrier Retention
The homeowners insurance industry has stuck pretty closely to the status quo when it comes to customer relationships for decades now. That's because many policyholders have remained with the same ...