Industry News
Insurance Premiums From InsurTech to Exceed $400B by 2023
Insurance premiums generated by emerging InsurTech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a new study from U.K.-based Juniper Research. The ...
Uber Hires Insurance Exec as CFO
Uber Technologies Inc. has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public ...
Scherer Retiring From Cincinnati Insurance Next Year; Related Leadership Changes Announced
Cincinnati Financial Corporation announced on Monday that Jacob F. Scherer Jr., chief insurance officer and executive vice president of its lead subsidiary, The Cincinnati Insurance Company, plans to ...
W.R. Berkley Corp. Forms Berkley Healthcare; Piltch to Lead
W.R. Berkley Corporation announced the formation of Berkley Healthcare on Monday, explaining that the business will be made up of Berkley Healthcare Professional Underwriters and Berkley Healthcare ...
Think Tank Examines Sustainability of Cyber Insurance Market
Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, ...
China’s Online Insurer ZhongAn Announces SoftBank Investment; Overseas Growth Planned
ZhongAn Online P&C Insurance Co. Ltd., the first Internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, ...
Argo Group’s Tech Investments Earn Kudos, Outlook Upgrade From S&P
Argo Group's investment in a digital infrastructure and new growth earned a vote of confidence from Standard & Poor's, which raised its outlook for the specialty insurer and reinsurer to positive ...
Opinion: Insurers Should Relax and Embrace Amazon’s Potential
Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking to insurers about introducing ...