Specialty
China Will Encourage Development of Insurance, Other Financial Products for Gig Economy Workers
China's top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as ...
AXA Will Invest $1.7B to Fight Deforestation, Preserve Biodiversity
French insurer Axa said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve ...
MGAs Can Build Broker Relationships – Even in a Hard Market
How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO ...
Cyber Attack Financial Losses Driven by Business Interruption, Recovery Costs: AGCS Report
During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, ...
Marsh McClennan Forms Multidisciplinary Cyber Risk Analytics Center
Marsh McLennan aims to combat cyber risks with a special center that combines expertise from its multiple businesses. The newly-launched Cyber Risk Analytics Center includes experts on cyber risk ...
Reinsurer Natural Catastrophe Losses Will Surpass Budget Expectations for the 5th Consecutive Year
For the fifth year in a row, insured losses from natural catastrophes are shaping up to be at or above reinsurers' budget expectations. But the sector can handle the pressure due to "very strong ...
Ping An Sees Market Value Plunge Due to Investor Worry About China Uncertainties
China's Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, ...
While Insurers Remain Wary, Scooter Providers Are Pursuing Scale to Survive
The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt ...