Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
Number of Women on Boards of UK’s Top Financial Firms Rises to 32%: Report July 19, 2021 By Simon Jessop The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA July 15, 2021 By Brian K. Sullivan Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the...
Business Insurance Customers’ 3 Top Asks and 5 Top Buying Reasons July 15, 2021 Almost half (48%) of business insurance buyers say their trust in insurance has increased since the start of the pandemic,...
P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson July 15, 2021 Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s...
Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group July 14, 2021 By Marc Jones Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a...
How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050 July 13, 2021 A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon July 12, 2021 June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting...