Industry News
State Farm Boosts Its Use of ‘Real Time’ Telematics
The nation's largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving ...
Hamilton Re Sponsors Issuance of Its First Cat Bond
Hamilton Re has sponsored issuance of its first catastrophe bond. The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group said that the issuance has taken place through its ...
Chubb CEO Greenberg, More Industry Heavy-Hitters to Advise Lloyd’s on Future Strategy
Lloyd's has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan and John Haley at Willis Towers Watson — to sit on advisory committees ...
Lloyd’s CEO Pursues Meetings With AIG, Chubb to Boost Its U.S. Business
Lloyd's of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old ...
Insurers Eager for Business Ecosystems but Not Yet Well Equipped to Participate: Accenture
You may have heard "ecosystems" referred to in a business context, where a number of companies from different industries partner to create an interconnected set of services that give the customer a ...
Executives On the Move at AXA XL and CyberScout
An ex-AIG executive is joining AXA XL as chief underwriting officer for Short Tail Insurance Lines. CyberScout, a data security company that works with insurers and others, has a new CEO. *** A ...
The Latest Launches From Sompo International/Air Worldwide, Verisk and Aon
Sompo International plans to use Air Worldwide's casualty analytics platform to improve its underwriting process for many commercial liability lines. Verisk is rolling out an InsurTech product ...
Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data
While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...