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Aegis Professional Risk, a subsidiary of Aegis General Insurance Agency and K2 Insurance Services, has announced it is partnering with Sentry Insurance to develop and launch a new E&O programme.
hyperexponential, a specialist digital pricing platform for global (re)insurers, has found that while technological advancements have opened up significant opportunities, issues with the wider ecosystem and outdated networks are hindering innovation and limiting insurers’ efficiency, profitability, and ability to foster partnerships.
The Association of British Insurers (ABI) stated this week that extreme weather has driven property insurance payouts to a record quarterly high in the last three months, underlining the growing threat that climate change poses to homes, businesses, and the broader economy.
AI can complicate rather than simplify and reinsurers should take a circumspect approach to replacing legacy processes, according to Nicholas Berg and J.C. Brueckner of SCOR
Howden’s fourth annual cyber report has found a market stabilisation following significant volatility in 2020 and 2021 due to increased ransomware claims. The “Risk, Resilience, and Relevance” report found a 15% decrease in rates from the peak in 2022.
Insurtech Insights talks to Lucy Straker US Focus Group Leader – Political Violence & Deadly Weapons Protection and Jim Rizzo, Product Leader US D&O at Beazley, to find out how the new Bill will impact the insurance industry and its customers
A new report from Howden has found that more than 50% of the $19 trillion committed to financing the transition to net zero through to 2040 will require additional insurance capacity.
Hiscox has managed to shorten its lead underwriting process for the London Market sabotage and terrorism book from three days to just three minutes through the incorporation of Generative Artificial Intelligence.
A recent survey tech teams at insurance companies and MGAs by RDT of found that 85% of professionals believe some areas of the market have rushed into automation without putting in comprehensive step-by-step enhancement plans for their platforms.
A recent report by credit rating agency Moody’s highlights the increasing regulatory scrutiny on European Union life insurers, which aims to ensure their products deliver “value for money.”
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