Industry News
Insurers, Banks Wait for Regulatory ‘Brexit’ Dividend in UK
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will ...
Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts
Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in ...
COVIDigation Nation Revisited: Analyzing the Late Summer Surge
Hello, devoted COVIDigation Nation readers. This is article two in a series tracking insurance lawsuits related to COVID-19 business claims (i.e., COVIDigation). It's kind of like a serial comic ...
EasySend Raises $16M for ‘No Code’ Digitization Platform
InsurTech EasySend has raised $16 million, and the startup will use the money to fuel a global expansion of its AI-based platform designed to help insurers and others digitize their processes without ...
Travelers Starts Using AI for Ergonomic Assessments
The Travelers Companies said it has started using artificial intelligence to offer business customers virtual and onsite ergonomic assessments. Travelers, which is based in Hartford, Conn., claims to ...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020's ...
Independent Brokers Will Remain Competitive by Adding Value to the Insurance Transaction
The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser, chairman of AFL Insurance Brokers, a London-based independent broker. ...
Next Insurance Pursues New Financing Valuing the Startup at $2.25B
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.'s CapitalG ...