Personal Lines

Global P/C Industry Produces Strongest Rate Hikes in 20 Years, as Inflationary Risks Surface

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis ...

N26, a Fintech and On-Demand Insurer, Could Hit $10B Valuation in New Fundraising

N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with ...

Flood Onslaught In Germany Could Break Records; Insurers Expect Costly Hit

Chancellor Angela Merkel pledged swift help backed by "all the power of the state" for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are ...

‘Sunny Day’ Floods Becoming Increasingly Common With Rising Sea Levels: NOAA

Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the deluges into streets, homes and businesses even more frequently over the next ...

P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson

Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...

Two InsurTechs Merge, With a Focus on Broadening Embedded Insurance Reach

Two InsurTechs plan to merge in an effort to more broadly tap into embedded insurance demand for travel and other e-commerce businesses. Seeto, which focuses on helping e-businesses build embedded ...

More than 80% of Policyholders Want to Text Their Insurers

More than 80 percent of policyholders would prefer to communicate with their insurance company or agent via text, according to a new survey from communication platform Hi Marley. And the vast ...

AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz

American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with ...