Industry News
Allianz-Owned Microinsurer BIMA: Closing the Protection Gap in Developing Nations
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to ...
AmTrust Allies With Israeli Tech Startups to Modernize Customer, Agent Processes
AmTrust Financial Services, which is in a bid to take itself private, is linking up with a number of Israeli technology startups to help modernize its customer and agent interactions. The New ...
Chubb, XL Catlin Among Large Carriers Now Offering Cover for Cryptocurrency Theft
Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but ...
Disruption Survival Guide: Why Insurers Need to Craft Broader Business Definitions
How companies define their businesses can help determine their long-term success and even survival. Turn-of-the-previous-century buggy whip and bicycle manufacturers are often cited as examples of ...
W.R. Berkley Net Income Rises in Q4, but Net Premiums Written, Investment Income Dips
W.R. Berkley Corp. saw its year-over-year net premiums written and investment income dip in the fourth quarter, but net income rose compared to the year before. Net income hit about $155 million for ...
SkyWatch, a Drone Data Risk Analysis Startup, Raises $2M With Insurance Industry Support
SkyWatch, a startup focused on analyzing data and risk for the drone industry, has reeled in $2 million in seed funding from a number of investors including insurance industry vets. The company plans ...
UK InsurTech Startup Inzura Raises $1M to Fuel Machine Learning/AI Growth Plans
Inzura, the London-headquartered InsurTech startup, announced the completion of its first major funding round, raising $1 million to pursue what it said will be ambitious growth plans. Investors ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...