Articles by Brenna Hughes Neghaiwi

Zurich Insurance Reports 2% Hike in 9-Month P/C Premiums, Confirms Targets

Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe losses. “We are pleased with the development of our businesses over the first …

Japan’s SoftBank in Talks to Buy Stake in Swiss Re

Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group – a deal that reportedly could be worth $10 billion or more, in what would be the Japanese firm’s biggest financial services deal to …

Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes

A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We …

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …

Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re

Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices rise in Australia. Cyclone Debbie, a Category 4 …

Reinsurers Seek Higher Returns Through Customized Business

Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought. This tailor-made approach …

Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy

When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price …