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Swiss Re, one of the world’s largest reinsurance companies, has reported a robust Q1 net income of US$643 million, compared to a loss of $248 million for the same period last year.
Insurance leader Chubb is preparing to roll out AI tools at scale, according to CEO Evan Greenberg.
Zurich Insurance Group has released its Financial Condition Report 2022, confirming the Group’s strong financial position and sturdy balance sheet.
MAPFRE, the Spanish multinational insurance company, based in Majadahonda, Madrid, has released its Q1 2023 results, revealing strong premium growth in the first quarter of the year, despite market challenges.
According to S&P analysts, North American P&C insurers are expected to experience underwriting profitability this year.
The reinsurance sector has delivered record-high ROE; and digital maturity strongly correlated with high insurer performance, reports ACORD
The world’s biggest insurance market reports pre-tax deficit of £769m for 2022 after profit of £2.3bn in 2021
Chubb has introduced new underwriting standards for oil and gas extraction projects, emphasising the reduction of methane emissions, which are some of the most significant greenhouse gases generated by the industry.
A new report on digital transformation in the Life insurance industry has stated that ‘digital evolution’ is essential if the industry is to keep up with global innovations.
State Farm has reported that the company’s annual claims paid to help customers recover from hail damages increased more than $1 billion from 2021 to 2022.
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