Industry News
Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways
Nearly 30 years ago the Fair Isaac Corporation ("FICO") first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market ...
Insurers Can Take on Coverage Gaps as Disaster Costs and Frequency Rise
Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to ...
XL Catlin Expands New P&B Aviation Insurance Platform With Added Features
XL Catlin has added enhancements to its new P&B aviation insurance platform in a push to give brokers more options. The carrier's VP Bind Speed platform was designed to boost its underwriting ...
Safety National Revamps Executive Team With Focus on New Growth
Safety National Casualty Corp. said that it is revamping much of its executive team in order to help support new growth at the carrier. The Missouri-based company provides coverage in areas including ...
UK Exports of Finance, Insurance Services Reach Record in 2016
U.K. exports of financial and related professional services grew to a record in 2016 as all regions surged. Exports rose 15.8 percent to 95.7 billion pounds ($136 billion), according new data ...
Executives On The Move at Chubb, AIR Worldwide and Aon Benfield
Chubb brought on an AIG veteran as its new chief claims officer. AIR Worldwide has a new senior vice president of Global Resilience. Aon Benfield's UK arm named a new chief operating ...
Apple, Cisco, Team With Allianz, Aon to Offer Cyber Policy Discounts
Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on ...
A New Hacking Threat Worsens: Fraudulent Instruction
A form of hacking is on the rise that insurers and their clients should be aware of: fraudulent instruction. The latest Beazley Breach Insights report outlines the escalating threat, where a hacker ...