Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War March 30, 2022 By L.S. Howard Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
Leadership Conundrum: Can Corporate Culture Survive Remote Work Models? March 17, 2022 By L.S. Howard As the world enters the third year of the pandemic, employees in the insurance industry expect to maintain workplace flexibility—a...
How Cloud Downtime Insurance Became a Thing March 8, 2022 By L.S. Howard A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Startup MGA Rising Edge Targets Low-Layer D&O Business February 24, 2022 By L.S. Howard The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh February 2, 2022 By L.S. Howard Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in...