Global giant AIG's property and casualty arm fell to a loss of $2.3bn (£1.3bn) in the fourth quarter of 2015 compared with a $935m profit in Q4 2014.
The results were driven by a previously announced $3bn charge for adverse prior year loss reserve developments. The P&C combined operating ratio moved from 103.4% to 161.5%, with the loss ratio jumping...
Connected and autonomous vehicles are capturing headlines across sectors, none more so than in the insurance industry and at times we could be forgiven for thinking that a hands-off eyes-off car is just around the corner.
It is in turbulent times that trade bodies can prove must helpful.
Have insurers mistakenly prioritised digitalisation to the detriment of improving back office processes, with potential consequences in terms of regulatory compliance, productivity and customer service?
Towergate has appointed Neil Pearce as managing director of Towergate London market.