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Updated: 2 hours 58 min ago

Verisk launches new energy insurance platform

28 February, 2018 - 15:46
Data analytics provider Verisk has launched a new platform that claims to enhance how insurers research, assess, and underwrite complex energy risks.

RMS taps QBE business transformation officer

28 February, 2018 - 15:46
Risk modelling and analytics firm RMS has appointed Adam Sandler as head of underwriting, cyber and model solutions.

Trends in the ILS sector and implications for the wider insurance industry

28 February, 2018 - 11:38
An overview of the ILS market by Dirk Lohmann, chief executive officer of Secquaero Advisors and Noel Hillmann, chief executive officer of Clear Path Analysis*.

JLT to restructure business into three units: reinsurance, specialty, employee benefits

28 February, 2018 - 11:19
Jardine Lloyd Thompson Group unveiled radical plans to restructure the business in its 2017 results, which it hopes will result in annualised savings of £40 million by 2020 for a one-off cost of £45 million spread across 2018 and 2019.

Jardine Lloyd Thompson posts solid 2017 results as reinsurance rates improve

28 February, 2018 - 11:19
Jardine Lloyd Thompson Group posted solid growth, including in its reinsurance unit JLT Re, and improved profits in its preliminary results for 2017.

Average insurance rates increase for first time since 2013: Marsh

28 February, 2018 - 11:18
Average global insurance pricing increased for the first time in the fourth quarter of 2017 since Q1 2013, according to Marsh’s Global Insurance Market Index. It said this was mainly driven largely by global property insurance pricing boosted on the back of large catastrophe losses in the third quarter.

Admiral posts solid results boosted by reinsurance led by Munich Re

28 February, 2018 - 11:02
UK insurer Admiral Group posted solid growth and a big increase in profits in 2017 as it also detailed some changes to its reinsurance programme.

Cyber insurance remains ‘frustratingly immature’ – Lloyd’s CEO Beale

28 February, 2018 - 10:55
The cyber insurance market has not developed as much as it should have in the past 20 years and remains “frustratingly immature”, Inga Beale, CEO of Lloyd’s, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris last week.

Verisk acquires UK insurtech Business Insight

28 February, 2018 - 10:53
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based insurtech Business Insight.

Extratropical cyclone Friederike insured loss estimated at €1.465m: PERILS

28 February, 2018 - 10:49
The re/insurance industry loss from extratropical cyclone Friederike (also called David) is currently estimated at €1.465 million, according to the Zurich-based catastrophe insurance data provider PERILS.

AXA partners AI insurtech Brolly on car insurance offering

28 February, 2018 - 10:45
AXA Insurance has partnered with UK-based start-up Brolly to provide a new car insurance product.

Germany insurtech start-up FinanzRitter secures investment

28 February, 2018 - 09:29
Reech Corporations Group has agreed a significant seed investment in German insurtech start-up FinanzRitter, in the latest addition to its growing pan-European portfolio of fintech businesses.

How ILS can rise up to global terror risk

28 February, 2018 - 09:21
Fomenting a reinsurance revolution isn’t easy. Everyone wants change, but what that means is as varied as the people calling for it. So, when there’s a sign of consensus, immediate action is always best, writes Tom Johansmeyer of PCS, Verisk Insurance Solutions.

Reinsurance profitability to rise in 2018: Moody’s

27 February, 2018 - 15:38
The profitability of the reinsurance sector is set to rise in 2018 driven by price increases, lower capital levels and higher interest rates, Moody’s said on Feb. 27.

Allianz invests $30m in fintech business C2FO

27 February, 2018 - 15:37
Allianz Group’s digital investment unit Allianz X has invested $30 million in fintech firm C2FO that connects buyers and suppliers of goods and services with working capital funding needs.

Direct Line 2017 results jump on Ogden change

27 February, 2018 - 15:36
UK-based Direct Line has seen its operating profit in the motor business more than double in 2017 after UK’s Ogden personal injury discount rate change, boosting overall results, but reinsurance cost also increased at January 2018 renewals.

Barclays backs insurtech Nimbla

27 February, 2018 - 15:26
Insurtech app Nimbla has been the first commercial insurance app to be selected for Barclays’ London based accelerator.

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