Industry News
Fintech Startup Gets German Banking License; Insurance Offerings Planned
N26, a Berlin startup that offers financial services directly to consumers, said Thursday it's received a German banking license that will let it offer a fuller range of products across Europe. The ...
The U.S. Accounted for Nearly Half of H1’s Global Insured Losses
Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact ...
The Latest Launches From BHSI, CNA, Everest, and Philadelphia Insurance Companies
Berkshire Hathaway Specialty Insurance debuted cyber liability coverage in Australia. Philadelphia Insurance Companies and UCPM will start offering storage tank pollution liability coverage. Both CNA ...
Travelers Hurt by Fire Catastrophe Fallout, Investment Income Plunge
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said quarterly profit slipped 18 percent to its lowest since 2012 as costs tied to natural disasters rose while ...
Female Execs See Progress in Diversifying Insurance Workforce: IICF Survey
Perceptions may remain that the insurance industry is still overwhelmingly male, but a new survey shows that some insiders see progress. Approximately 87 percent of respondents said that their ...
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...
Allianz Unveils North American Transactional Liability Unit as M&A Surges
Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer's Allianz Global ...
Smart Car-Makers Could Outmaneuver Traditional Auto Insurers
As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled ...