Verisk: Flood Losses in Southern Germany Could Reach US$3.9 Billion
A relatively high proportion of the overall losses for the event are likely to be insured, owing to the high insurance take up for the flood peril
A relatively high proportion of the overall losses for the event are likely to be insured, owing to the high insurance take up for the flood peril
A recent report by credit rating agency Moody’s highlights the increasing regulatory scrutiny on European Union life insurers, which aims to ensure their products deliver “value for money.”
EPAM Systems, a leading global provider of digital platform engineering and development services, has released a whitepaper focused on the transformation of underwriting through advanced digital solutions.
The Swiss Re Institute forecasts a significant boost in profitability for the life insurance industry due to rising interest rates.
Swiss Re has posted a net income of US$ 1.1 billion for the first quarter of 2024. The result benefitted from underwriting discipline and strong investment income.
QBE Insurance Group has released its performance update for the first quarter of 2024, revealing a modest uptick in gross written premium (GWP) during this period.
Munich Re has reported an increase in insurance revenue to US$16 billion for the first quarter of 2024, attributed to organic growth in its reinsurance business and ERGO International.
Progressive Insurance announced plans to recruit thousands of job seekers nationwide in 2024 to support its sustained year-over-year growth.
Google’s cloud computing division, Google Cloud, delivered an outstanding fiscal quarter, surpassing analysts’ expectations and propelling the stock of parent company Alphabet up by more than 13% in after-hours trading.
Ten major insurers have now withdrawn services or announced their exit from California, leaving hundreds of thousands of customers without insurance options in the face of increasing threats from natural catastrophes. What does the future hold? Insurtech Insights finds out more.
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