Industry News
Workplace Injury Claims Keep Dropping With Increase in Older Workers
The number of workplace injury claims continues to decline year after year despite significant changes in workforce demographics that one might think should increase claims frequency, according to a ...
Two Years Late, the P/C Insurance Market Is Finally Hardening: W.R. Berkley CEO
Two years after the property/casualty insurance market experienced historic catastrophe losses, it is finally showing signs of hardening, said W.R. Berkley Corp.'s president and CEO. W. Robert ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Rate Increases Bear Fruit During W.R. Berkley’s Q1; Net Investment Income Dips
W.R. Berkley Corp enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting "further rate improvement" for the positive ...
Alternative Capital Grew Again in 2018 Even as Total Reinsurance Capital Dropped: Willis Re
While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which ...
Aon Combines Construction & Engineering and Inland Marine Teams Into Single Unit
Aon plc announced it has combined its Construction & Engineering and Inland Marine teams into a single, dedicated global unit within its Reinsurance Solutions business. The new Global ...
Allianz Reportedly Considering Bid for Deutsche Bank’s Asset Management Business
Allianz and Amundi are both considering deals to take over Deutsche Bank's asset management unit DWS, sources close to the matter said on Wednesday. Germany's biggest bank is looking at a possible ...
Direct-to-Consumer Auto Insurance Keeps Gaining Traction: J.D. Power
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a new report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, ...
Cyber Attacks on Businesses and the Losses They Inflict Are Rising
Cyber attacks on businesses around the globe are on the rise, as well as the losses they inflict. Approximately 61 percent of firms dealt with a cyber attack over the last year, compared to 45 ...