Insurers will inevitably retain insurance as their core offering. But must act more like venture capitalists and develop innovation cultures to succeed according to Geoff Knott, director, Ninety Consulting
The insurance sector must remain vigilant to challengers, be they data giants like Google and Amazon, or nimble insurtechs. Especially given that some already hold such rich data. So how can incumbents take on potential usurpers? Is now the time to take…
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
Allianz will stop insuring single coal-fired power plants and coal mines and divest from companies planning to build more than 500 MW of new coal power capacity.
Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).
Japanese carmaker Subaru is offering three years of free comprehensive motor cover with every new car bought in France, our sister publication reports.
The perfect storm of conditions that has allowed the legacy sector to boom over the past couple of years looks set to continue throughout 2018 as capital continues to flow into the market, fuelling a pipeline of deals.
Music and mental health plus piazzas and pancakes
Lloyd’s of London is under pressure from climate change groups to take action on insuring and investing in coal projects and change its rules for market members.
Italian insurer Generali is to divest from the coal industry as part of a new climate change strategy and has pledged to raise investments in environmentally friendly projects.
Generali has completed the sale of its entire shareholding in Generali Nederland to ASR Nederland.
Global Italian insurer Generali Asia has appointed a CEO in Hong Kong.
Compre has acquired two books of business in total worth €300m (£264m) from Generali.
Jaime Anchustegui Melgarejo has been appointed as group chief operations and insurance officer of Assicurazioni Generali.
Astronauts, assault courses and an art bonus
Marco Bolivini, head of broker relationship management for Hong Kong at Generali's global corporate and commercial division, has been promoted to a regional role.
Italian insurer Generali's Asia arm has hired Bruce de Broize as head of distribution for Asia.
Dipak Sahoo has left Generali's Milan office to become head of IT for Italian insurer's Asia operations.
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
Generali Asia has appointed a former AIG senior executive as chief customer officer for the region.
Generali Group has entered into a share purchase agreement to dispose its entire shareholding in Generali Nederland.
Co-op Insurance is trialling the UK’s first car insurance chatbot via Facebook Messenger.
Generali has appointed former Munich Re manager Dr Hak Hong Soo as regional head of health Asia.