Personal Lines
AXA Will Tighten Policy for Insuring, Investing in Oil and Gas Sector
AXA, France's biggest insurer, said on Friday it would tighten its policy regarding investing in and insuring the oil and gas sector, as pressure builds on finance to help curtail new production. The ...
Undaunted by COVID-19, P/C Insurers and Startups Embraced Innovation Instead
As the CEO and co-founder of digital MGA Koffie Labs, Ian White was initially New York-based. Then the coronavirus pandemic struck, spurring a creative rethinking about what a corporate headquarters ...
Chubb CEO Greenberg Acknowledges Hiring Challenges in Era of Post-COVID Job Turmoil
The coronavirus pandemic is driving millions of Americans to retire early or quit their jobs in a reassessment of their lives, leaving corporate America struggling to fill open positions. Chubb ...
Global InsurTech Investment Hits Record $10B Through September
Global investment in insurance technology (InsurTech) start-ups totalled $10.5 billion in the first nine months of 2021, a record high level for the period, reinsurance broker Willis Re said on ...
Global Average Annual Disaster Losses Could Surpass $200B in 10 Years: AIR Worldwide
The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40 percent chance of experiencing an annual loss of more than $200 billion in ...
Proposed Global Minimum Tax Could Lead to Double Assessment for Some Insurers: AM Best
Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for ...
China’s Ping An Insurance Hit With Profit Plunge Due to Investment Losses, Premium Dive
Ping An Insurance Group Co of China Ltd , the country's largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy ...
Catastrophic Weather Continues to Drive Losses for Home Insurers: LexisNexis Report
Catastrophic weather events caused 39 percent of homeowners insurance claims in 2020—the highest percentage in the last six years, according to LexisNexis Risk Solutions' annual Home Trends Report. ...