Personal Lines
Dearly Departed InsurTechs: Expect Their Numbers to Rise
For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...
Andersen Named Aon President as Former Co-Leader O’Connor Exits
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm's CEO. Since May 2018, Andersen and Michael O'Connor had served as Aon co-presidents. Aon said O'Connor is departing ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol
In his firm's annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called ...
Saudi Arabia Seeks to Raise Insurer Capital Requirements
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom's overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The ...
Berkshire Hathaway 2019 P/C Insurance Profit Disappoints
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from ...
Majority of Smart Home Device Owners Willing to Share Data With Insurers—for a Discount
While privacy remains a concern, 78 percent of smart home device owners are open to sharing their data with their insurer to assist in policy pricing, but most (65 percent) would only do so if ...
Berkshire Hathaway Operating Profit Drops; Insurance Results Disappoint
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its ...
China’s Ping An Insurance Warns Coronavirus May Impact Business
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An's comments on the virus were ...