Driver Privacy at Risk when Telematics Data Stored in the Cloud: Researchers April 10, 2017 Drivers’ private information can be compromised when stored in the cloud for usage-based insurance (UBI) programs, according to researchers. Using...
U.S. Weather in March to Cost Insurers More than $2 Billion: Aon April 7, 2017 Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of...
April 1 Renewals Saw ‘Disciplined Softening’ with Ample Capacity: Aon & Willis Re April 7, 2017 By L.S. Howard With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom...
Expect Another Active M&A Year with Tech Gaining Interest, Says Conning April 6, 2017 By Mark Hollmer Signs point to 2017 being another year of “robust” mergers and acquisitions, thanks in part to a number of ongoing...
Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report April 5, 2017 By L.S. Howard Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according...
Governors Report Pedestrian Fatalities Continue to Increase March 31, 2017 The number of persons on foot killed on U.S. roadways last year increased an estimated 11 percent compared to 2015,...
Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best March 31, 2017 Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as...
Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding March 31, 2017 Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured...
What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix March 30, 2017 By Don Jergler Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capital in the...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch March 30, 2017 U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are...