Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025 April 25, 2024 By Henrique Almeida Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an...
South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options April 25, 2024 By Antony Sguazzin The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused...
Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations April 25, 2024 By Phung Viet Ha Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating...
Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh April 24, 2024 Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase...
UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown April 24, 2024 By Greg Ritchie Firms operating in the UK are being advised to go through any products and services around which some sort of...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round April 24, 2024 ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round....
China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit April 24, 2024 Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as...
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co. April 24, 2024 Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard &...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance April 24, 2024 By Arun Balakrishnan Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize...