Industry News
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the ...
Tech Bytes: New Partnerships at Send, Mulberri, Bold Penguin
Send Technology Solutions Ltd and software company Decerto have announced a new strategic partnership to deliver Send's underwriting platform to commercial and specialty insurers in Europe and North ...
The Latest Launches from Zywave, Cytora
InsurTech provider, Zywave, announced the launch of Cyber Quoting, the latest addition to its portfolio of quoting and proposal solutions. The centralized quoting platform brings together global ...
AM Best: Rapid Premium Growth Warrants Greater MGA Oversight
Though AM Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest ...
U.S. Home Insurers Post Net Combined Ratio Over 110: S&P Global
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market ...
Medical Professional Services Costs Increased Faster in States With No Fee Schedule
A recently released report comparing prices paid for medical professional services across 36 states from 2008 to 2023 found that states with no fee schedules for professional services had higher ...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7 percent on average in the first quarter of 2024. According to The Council of Insurance Agents and ...
Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way ...