Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …
The insurance market in Saudi Arabia has changed dramatically in the past decade, with further development anticipated, according to a report from A.M. Best Co. According to the report, “Saudi Arabia’s Insurance Market Adapts to Dramatic Change,” insurance penetration in …
A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their automotive finance and leasing markets in five years, to reach $182 billion Finaccord said: “The future of the global automotive …
Joe Plumeri, Willis Group Holdings Chairman and CEO, told attendees at the Willis Asia Pacific Aviation Insurance Conference in Hong Kong that air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the …
Otto Thoresen, Director General of the Association of British Insurers, has called for European Union policy makers to ensure that draft EU Solvency II rules do not prohibit insurers from driving growth in the UK and making long term investments …
San Diego, CA, 02/23/12 – American Claims Management, Inc. (ACM), a national third party administrator, has opened an additional office in Tampa Bay, Florida to leverage the Company’s growth in its East Coast, Southeast and Southern U.S. property claims operations. …
A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved in 2010 a 19.3 percent rise in premium volumes compared to the preceding year, reaching €91.370 billion [$120.15 billion], confirming …
Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to become easier to deal with in order to remain competitive …
Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that “given the expectation of persistent low interest rates …
Europe’s “no pain no gain” attitude to solving its sovereign crisis risks exacerbating the bloc’s problems, choking off the very growth needed to raise the money to pay down the debt. From Athens to Dublin, and almost everywhere in between, …
