Industry News
RIMS 2016: Insurers Prepare for Wearables, Automated Vehicles
Imagine sitting at your desk writing a quote for an insurance policy and suddenly the lapel of your coat begins angrily buzzing, snapping you out of a daze and causing you to quickly straighten up ...
The Latest Launches from QBE North America and RMS
QBE North America modernized its equipment breakdown coverage to now cover microelectronic failures. Catastrophe risk management firm RMS unveiled a new app for its clients. *** QBE North America ...
Munich Re’s Hartford Steam Boiler Becomes Latest Insurer to Test Commercial Drones
Specialty property insurer Hartford Steam Boiler won an exemption from the Federal Aviation Administration to start using drones for property inspections, underwriting and loss prevention work. The ...
Markel International Streamlines Structure of Wholesale Business Arm
London-based specialist insurer Markel International said it has streamlined the structure of its wholesale business. The Markel Corp. subsidiary said that the division now has three operating ...
Solid Publicly Traded Reinsurer Results Under Threat: A.M. Best
Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the ...
Actuaries, Data Scientists at Odds: Novarica
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Swiss Re in Bidding for Deutsche Bank Life Biz: Sources
Swiss Re AG and and Britain's Legal & General Group Plc are among firms considering bids for Deutsche Bank AG's insurance business Abbey Life Assurance Co., according to people with knowledge of ...
Connected Cars Seen Vulnerable to Terror Groups
Internet-connected and driverless cars could be targets for hackers—potentially including terrorists and hostile nations—so the automotive industry must ensure vehicles have built-in ...