Industry News
Reinsurance Capacity Still Outpacing Demand Growth
Capacity continues to outpace the growth of reinsurance demand despite insurers' continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and ...
Insurance Carriers Take Note: Most Customers Want Computer-Generated Advice Options
Insurance carriers looking to embrace or enhance their ability to provide customers computer-generated advice and services should know that most consumers globally approve of the practice. But they ...
Business Interruption, Encompassing Many Risks, Remains a Top Corporate Concern in 2017
Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies' 2017 fears and ...
XL Group Estimates a $245M Net Loss for Q4 2016 Natural Catastrophes
XL Group Ltd. estimates that natural catastrophes in fourth-quarter 2016 cost approximately $245 million. This preliminary estimate is pretax and net of reinsurance and reinstatement premiums, XL ...
A Polarized World Heightens Risk: World Economic Forum
Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain's decision to leave the European Union and the ballot-box success of ...
Volkswagen Board Ready to OK $4.3B U.S. Diesel Penalty Payment
Volkswagen AG's supervisory board is set to sign off on a $4.3 billion settlement of U.S. criminal and civil penalties for rigging diesel-powered cars to cheat on emissions tests, the latest step in ...
Hackers Will Become More Cunning in 2017 as Cyber Risks Intensify: Report
Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according ...
Are Underwriters, Agents Endangered by AI?
"Meet your new underwriter." That's the caption under a photo of a robotic hand holding a pen that the digital news outlet Quartz (qz.com) used to introduce a recent article about an insurer using ...