As Reinsurance Market Evolves, So Must Distribution, Say Experts at Forum December 1, 2016 The flow of so-called alternative capital into the global reinsurance market is continuing, bringing it closer to the “convergence” in...
Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy October 24, 2016 By Brenna Hughes Neghaiwi When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing...
UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote September 27, 2016 By Huw Jones Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports August 24, 2016 By L.S. Howard The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under...
Changing Employee Demographics Push Insurers to Focus on Strategic Recruitment August 9, 2016 By Denise Johnson With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the...
Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers July 20, 2016 By Carolyn Cohn and Noor Zainab Hussain As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition...
Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC June 17, 2016 By L.S. Howard While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC May 25, 2016 There is a real risk that casualty reserves for business written in 2015 will run off at a loss in...
UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC February 2, 2016 UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion December 30, 2015 By Carolyn Cohn and Kate Holton Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some...