Industry News
Uber-Like Video Service Lets Adjusters Assess Damage from Their Desks
A new service promises to provide insurance claims adjusters with videos of losses without them ever having to leave their desks. The videos would be supplied by an Uber-like network of smartphone ...
Allianz InsurTech Incubator Names Startup Vet as New CEO
Allianz X, a revamped division of Allianz focused on developing new InsurTech concepts and companies, has turned to a telecom industry startup expert as its new CEO. Peter Borchers is slated to ...
Qatar Re Surges Along With Soaring Middle East/North Africa Reinsurance Market: A.M. Best
Qatar Re tops A.M. Best's tally of the biggest Middle East and North Africa reinsurers in 2015, capping major growth for the carrier that has run in tandem with a significant expansion of the larger ...
European Aviation Industry Urges Stricter Drone Regulations
Aviation associations representing airlines, pilots and airports across Europe called on Monday for mandatory registration and training of drone users following a number of near-misses between the ...
AXA Restructuring: Execs May Slash 600 Insurance Jobs in Belgium
Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe's second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan ...
Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. "Our rating outlook remains longer-term ...
Post-Brexit Warning: Lloyd’s Chairman Says UK Risks Losing Insurers
Lloyd's of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain's decision in June to leave the ...
Flash Estimate: Hermine Insurance Losses Likely $0.5B
Offering the first damage estimates to insurance editors for Hurricane Hermine on Friday afternoon, Karen Clark & Company (KCC) released a statement projecting insured losses approaching $500 ...