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The use of AI to manipulate insurance claims is on the rise in the UK, with nearly one in four claims suspected of involving falsified data, according to new research by claims automation company Sprout.ai.
A new report from the Swiss Re Institute suggests that excess mortality in the US could remain up to 3% higher than pre-pandemic levels by 2033, with the UK facing a potential 2.5% increase.
Swiss Re is forecasting an increase in demand for reinsurance protection due to heightened natural catastrophe risks, macroeconomic instability, and geopolitical tensions.
The first half of 2024 marked a significant downturn in insurance carrier M&A, with only 103 deals completed, the lowest figure in 15 years, according to Clyde & Co’s mid-year Growth report.
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced a strong set of results for the first six months of 2024, with an overall profit before tax of £4.9bn (HY 2023: £3.9bn).
Verisk, a leading global provider of data analytics and technology, reports that the average annual loss (AAL) from global natural catastrophes has reached $151 billion, with $119 billion from non-crop losses.
FWD Group Holdings Limited announced strong financial results for the first half of 2024, covering the six months ending on 30 June.
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
Tesla has reported its financial results for the second quarter of 2023, showcasing robust growth in its insurance operations across multiple states, despite ongoing challenges and recent controversies.
Cybercriminals have refined their strategies to capitalise on vulnerabilities arising from business mergers, acquisitions, and the consolidation of software vendors, according to the Midyear 2024 Cyber Risk Report by Resilience, a leading cyber risk solutions company.
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