Reinsurance
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
United Nations Development Arm Starts Disaster Insurance Program
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
InsurTech NY Debuts Index Scoring Carrier Willingness to Partner With Startups
InsurTech NY is debuting an index that scores insurance and reinsurance companies on their willingness and ability to partner with industry-related tech startups. The organization, which bills itself ...
Investors Return Goals at Odds for Reinsurers, Cat Bonds
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils, experts ...
U.S. Flood Insurance Market Slowly Transitioning to Private Carriers: AM Best
The country's flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government's program for those seeking coverage, according to a new AM ...
Executives On The Move at Arch, SiriusPoint and Aviva
Arch Insurance International has appointed a new General Counsel. Global specialty insurer/reinsurer SiriusPoint Ltd. named a new Chief Actuary. UK insurer Aviva promoted a veteran executive to the ...
Reinsurers’ Estimates of Climate Risk Exposure Could Be Way Off: S&P
Reinsurers' estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. "Unmodeled risks and the inherent ...
Is Climate Litigation Covered by Insurance?
Federal or state court? How will attribution science impact climate litigation? The questions aren't the only ones of interest to insurers and reinsurers wanting to understand the potential for mass ...