Personal Lines
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...
EU Agrees to Sizable Carbon Emissions Reduction Goal for Cars
The European Union agreed on Monday to a goal of cutting carbon emissions from cars by 37.5 percent in a decade, finally settling differences between vehicle-producing countries and ...
The Latest Launches From Zurich Insurance and JLT Re North America
Zurich Insurance is launching a new app designed to help give distributors its general risk appetite across multiple industries. JLT Re North America is partnering with personal auto InsurTech Pact ...
U.S. P/C Insurers’ Interest in Hedge Fund Investments May Be Waning: Fitch
U.S. property/casualty insurer interest in hedge fund investments may be waning, according to a new Fitch report. Fitch said that the industry's investment position in other alternative investments ...
Cyber Attacks on Connected Cars See Substantial Increase
Hopping into an Uber or a Car2Go is a great way to get around. Unfortunately, hackers agree, exploiting weaknesses in apps to go on "phantom rides" with someone else's profile. From such trips—like ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...
Can an InsurTech Startup Compete With Progressive and GEICO?
The most common refrain of startups is that insurance is broken and their solution will fix it. Oui, c'est vrai. But two companies have their act together more than almost any other insurers: GEICO ...
Startups vs. Incumbents Revisited: Q32018
We first pointed out in a second quarter analysis of VC-backed startups Root, Lemonade and Metromile that companies run or led by well-known underwriters were growing slowly but far more profitable ...