Industry News
7 Major Cyber Insurers Join in Cyber Analysis, Mitigation Effort
With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...
Aon CEO Makes Case For Willis Deal Boosting Industry’s Innovation
The enhanced ability to innovate is a principal motivator for Aon's proposed acquisition of Aon and Willis Towers Watson. It's a message that Aon CEO Greg Case has been emphasizing since the $30 ...
Rare COVID Biz Interruption Win Hinges on Past Cat Urine Case Ruling
A judge has ruled in favor of a group of hotels whose owners sued their insurance carriers over lost business during the coronavirus pandemic. Businessman Mark Stebbins of Schleicher & Stebbins ...
French Pricing InsurTech Akur8 Raises $30M; Eyes U.S., Asian Markets
Akur8, the Paris-based InsurtTech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will ...
Americans Don’t Expect Normal Travel Until 2022: Generali Survey
Most Americans don't expect a return to normal travel until 2022, according to a new Generali survey, which mean smaller numbers will take a summer vacation this year than before COVID-19 hit. The ...
CEO Views: Successes and Failures in Dealing With Pandemic Challenges
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons ...
InsurTechs Help Carriers Bridge the Digital Divide in Multiple Ways
As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how InsurTechs can step in and help insurers navigate the ever-changing digital space. "I ...