Industry News
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
Allstate CEO Sees Transport Advances Leading to Unrivaled Chance for Wealth Creation
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country's transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the ...
Liberty Mutual Debuts Insurance Service for Amazon’s Alexa Voice-Controlled Device
Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service for Amazon's Alexa, a voice-controlled device that plays ...
Has the Reinsurance Cycle Reached Bottom? Opinions Vary at the Rendez-Vous
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year's reinsurance ...
We Could Have a $500M U.S. Drone Insurance Market by 2020
The fledgling drone insurance market could be worth more than $500 million in the U.S. by the end of 2020 and $1 billion globally, assuming growth projections for the technology's commercial use ...
Willis Re Upgrades Its Cyber Portfolio Management Tool
Willis Re, the reinsurance division of Willis Towers Watson, has launched the next generation of its cyber risk portfolio modeling tool PRISM-Re. PRISM-Re was first released in February 2015 to help ...
Soft Market Helping AIG to Refocus; P/C Bolt-On Deals Possible: Schimek
The leader of American International Group's commercial businesses said low-billion-dollar acquisitions could be part of the go-forward strategy during a conference yesterday, where he also revealed ...
SAA Launches Online Database of Investment Manager Performance for Insurers
Late last week, Strategic Asset Alliance, an investment consulting firm that exclusively works with the insurance industry, announced the launch of an online database of the performance, people, ...