Industry News
P/C InsurTech Venture Capital Surpasses $1B in Q1; Several Startups Raise Large Rounds
Property/casualty related InsurTech financings in the 2021 first quarter came together at a healthy clip, as startups focused on addressing needs in an insurance industry facing accelerated ...
First FEMA Flood Insurance Pricing Update in 50 Years Spikes Consumer Costs
Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency ...
Scientists Detect 55 New Environmental Chemicals in Humans: Risk Alerts
Scientists have detected 55 new environmental chemicals in humans—including some with unknown sources and uses. By 2030, more than 60 countries could see their credit ratings cut due to climate ...
April 1 Reinsurance Renewals Continue Hard Market Trends: Willis Re
International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate ...
Insurers Wary About Cryptocurrency Craze Even as Tesla Takes the Plunge
If Elon Musk's Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck. ...
Data-Centric Products and Services on the Rise: Study
While the majority of insurers (71 percent) have portfolios that contain data-centric products and services, many are still uncertain when it comes to what data is essential to own, what data is ...
Australia’s Floods Will Hit Insurers’ 2021 Earnings, Lead to Reinsurance Rate Spike
Insured losses from Australia's March floods are expected to hit general (or property/casualty) insurers' underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance ...
Zurich Insurance Deepens Climate Change Strategy
Zurich Insurance Group said it will be taking further, deeper steps to help curb carbon emissions in line with the Paris Agreement's goals to limit global warming. Targets will include its own ...