Intelligent Insurer News

French insurance group AXA has unveiled a new programme AXA Go in China to offer travel insurance through Chinese messaging app WeChat.

Current insurance losses for the Townsville floods in Australia are valued at $45 million, from 3,500 claims, however, the Insurance Council of Australia (ICA) expects these figures to rise as people begin to return home to assess the damage.

Efforts by Lloyd’s of London to transform the market from a predominantly paper-based system to a digital one have shown “significant” progress in the final quarter of 2018, figures show.

Catastrophe losses fail to stop “strong” net income and core earnings in 2018 for The Hartford, said its chairman and CEO Christopher Swift in the firm’s year end results.

Bermuda-based re/insurer Sirius Group has named Kernan Oberting as its new chief executive officer (CEO), and Ralph Salamone as chief financial officer (CFO), starting from February 9 2019.

Hannover Re defies “burden of heavy losses” to secure “pleasing growth” in 2018 and forecast further growth for 2019, its chief executive officer Ulrich Wallin said today as the company unveiled its annual results.

Munich Re America, Munich Re's US property and casualty reinsurance subsidiary, has revealed several newly created senior positions and the realignment of its executive leadership team for its reinsurance division.

French reinsurer CCR Group has appointed Hind Mechbal as new chief information officer (CIO), and member of the executive committee.

Munich Re America, Munich Re's US property and casualty reinsurance subsidiary, has revealed several newly created senior positions and the realignment of its executive leadership team for its reinsurance division.

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has launched an innovative risk management product that combines insurance with cyber attack protection services.

Business interruption remains the top threat worldwide for the seventh year running and is the top risk in countries such as the US, Canada, Germany, Spain, Italy and China, according to the Allianz Risk Barometer for 2019, which is based on the views of 2,415 experts from more than 86 countries.

US-based Hartford Financial Services Group has unveiled a new operating model and organisational structure that will be effective once it has finalised its acquisition of the Navigators Group.

Utility focused specialty insurers “should be able to absorb the losses” arising from exposure to to PG&E’s bankruptcy, AM Best has said.

Ironshore Specialty Casualty, a Liberty Mutual Company, has revealed executive appointments to oversee its programmes business unit in the US.

Lloyd’s of London, the specialist insurance and reinsurance market, has appointed Allianz's Burkhard Keese has new chief financial officer (CFO), succeeding John Parry.

The Townsville flood in Queensland, Australia has been declared a catastrophe by the Insurance Council of Australia (ICA) to “escalate the insurance industry’s response”.

Insurance firms have been urged to take more action on ‘silent cyber’ - or non-affirmative cyber risk - in a letter from the Bank of England’s Prudential Regulation Authority (PRA).

Munich Re has become a shareholder in the German Research Centre for Artificial Intelligence (DFKI), a leading European institute for AI research including robotics, smart factories and immersive quantified learning.

Mitsui Sumitomo Insurance, a subsidiary of Japanese insurance group MS&AD, has acquired 80 percent of limited partnership equity in ILS fund manager Leadenhall Capital Partners (LCP) from MS Amlin Corporate Services, a group company of MS Amlin.

Insurtech innovations continue to fascinate the market, but how do incumbent players see the companies that are entering—and are their opinions evolving over time? Intelligent Insurer investigates.