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Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
Verisk’s Extreme Event Solutions group has estimated that insured losses from the September 2024 floods in Czechia, Poland, and Austria will range between EUR 2 billion (US$2.2 billion) and EUR 3 billion (US$3.4 billion).
In a groundbreaking move for earthquake preparedness, Liberty Mutual Reinsurance (LM Re) and Safehub have teamed up with the University of California (UC) to introduce the first sensor-triggered parametric earthquake coverage in the United States.
AXA Climate has launched Altitude, a groundbreaking platform designed to assist businesses in measuring climate risks, implementing adaptation strategies, and fulfilling Corporate Sustainability Reporting Directive (CSRD) requirements.
Fathom, a leading provider of catastrophe risk modeling solutions, has launched Global Flood Cat, a comprehensive flood catastrophe model that empowers risk managers to accurately assess financial losses from flood events.
Following the devastating landfall of Hurricane Helene in Florida, reinsurance broker Gallagher Re has significantly increased its estimate of insured losses.
Global insurance broker Howden has launched a new platform designed to assist clients in evaluating and addressing climate-related challenges.
Farmers Insurance is declining to renew over 1,000 home policies in Oklahoma, officials say.
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has been named to the 2024 IDC FinTech Rankings Top 50.
Guidewire (NYSE: GWRE) has announced the availability of comprehensive data and maps detailing hurricane risk across the U.S., powered by HazardHub’s extensive dataset of over 1,000 climate risk factors.
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