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Munich Re has decided to establish an additional Board division. With effect from 1 January 2023, various primary insurance businesses of the Group that are part of the reinsurance segment will be managed together in a new Global Specialty Insurance (GSI) division.
Chubb commits to creating and retaining a total of 3,200 jobs in Pennsylvania within the next five years.
Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa’s health insurance ecosystem in Hong Kong.
Recent research by ACORD, the global standard-setting body for the insurance industry, highlights the key drivers of high performance among top insurers, including the advantages of scale, the importance of talent and the volatility of investments to rely on.
As automotive manufacturers increase efforts to unveil and promote new electric vehicle models, adoption has ramped up sharply. Electric vehicle sales have grown, accounting for roughly 4.6% of the new light-vehicle registrations in Q1 2022, which is up from 2.6% for the full year in 2021 and 1.5% for the full year in 2020. California currently leads the way, with electric vehicles accounting for nearly 15% of all light vehicle sales in the state in Q1 2022 and roughly 39% of electric vehicle sales nationwide.
WTW expects dealmaking to remain active despite ongoing uncertainty and major headwinds, with recession fears triggering a ‘small item effect’ as larger deals fall out of favor.
Prudential Financial, Inc. today announced that on Dec. 14, 2022, the Trustee of the Barclays Bank UK Retirement Fund (UKRF) insured £7 billion ($8.1 billion) of liability against longevity risk with reinsurance provided by The Prudential Insurance Company of America (PICA).
Fountain Life, a Naples, FL-based preventative health and longevity company, raised $15M in funding.
Next-generation insurtech broadens offerings to support small businesses, particularly those in food & beverage
The future of underwriting is linear and outsourced, insurtech leaders from Hippo, Argo, Planck, Instabase and Aite Novarica said, in remarks at InsurTech NY’s Nov. 15 event focused on underwriting data.
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