Reinsurance Cycle Is Not Dead Yet so Buyers Need to Put It to Good Use: JLT Re July 27, 2016 By L.S. Howard Despite proclamations by some observers that the reinsurance cycle is dead, JLT Re says, reports of its demise are greatly...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s July 27, 2016 Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector...
P/C Insurers Face Tough Sledding in 2016, Warns S&P July 26, 2016 This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining...
How Brexit Raises Risk of Financial Instability for U.S. July 26, 2016 The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and...
Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review July 25, 2016 A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if...
Cyber Attacks on Financial Firms Up; Ransomware Attacks Way Up: Beazley July 22, 2016 Financial institutions including small banks and credit unions faced a huge spike in the number of hacking and malware attacks...
Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study July 22, 2016 Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and...
Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield July 21, 2016 Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion...
Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey July 20, 2016 By Alex Webb Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted...
Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report July 20, 2016 By L.S. Howard The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well...