competition News
Can InsurTechs Compete With Carriers and Agencies on Main Street?
As an industry, insurance has always been a technology pioneer of sorts—so it comes as no surprise that in these halcyon days of digital commerce, more than 700 new insurance technology vendors, ...
Don’t Fear Digital Disruption: Embrace and Learn From It
For companies and their executives who are struggling to adapt to digital disruption, three PwC experts have a simple recommendation: embrace it, and learn from it. The trio writes in a recent ...
Many Pressures Will Spur More Insurance M&A Deals in 2017: Conning
Insurance industry M&A activity should swell through the rest of 2017 in all areas, with multiple factors driving the trend Conning said in a new report. "The property/casualty sector should ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
April Renewals Reflected Slowing Price Cuts, Rising Reinsurance Demand: Willis Re
While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For ...
Many Insurers See Google as Potential Threat: Report
More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...