Power shifts to property reinsurance & retro sellers
The balance-of-power in the global reinsurance and retrocession market is shifting towards sellers of protection, over buyers, with rate hardening...
News
AI 'brings new risks to brand, profitability': KPMG
Fundamental ethics questions are being raised by widespread adoption of artificial intelligence (AI) and machine learning (ML), and this requires...
"They’re prioritising insurance where they may not have before"
Allianz Partners NZ sales figures for the quarter also pointed to a 98% increase in policies purchased by those aged...
Insurance Business Canada Awards winners: "Without them, we wouldn’t exist"
The 2022 winners have shared what set them apart in very competitive fields, and now it’s over to the sponsors,...
Underinsurance: Should building cost calculators be scrapped?
Are brokers fulfilling their duty of care? He said insurance brokers have a duty of care to ensure customers are...
Hurricane Ian among factors driving 2022 cat losses to US$115 billion
“2022 has been another year of increased natural catastrophe loss activity, and demand for insurance is growing as the protection...
E&S market “a tool not a punishment”
“Right now, in the E&S space, we’re getting a lot of feedback that it might be a punishment, or it...
Insurer handbook explores AI bias avoidance
A new guide has been created to help insurers avoid breaching anti-discrimination laws when using artificial intelligence (AI), saying underwriters...
HM Treasury announces final reform package following review of Solvency II
A version of this article was first published on Thomson Reuters Regulatory Intelligence. The Treasury’s plans to reform Solvency II...
Everest Re cedes fewer premiums to Mt. Logan Re, but also fewer losses despite Ian
Global insurance and reinsurance company Everest Re ceded less in the way of premiums written to its Mt. Logan Re...
