Munich Re
US rideshare insurtech looks to expand globally
Munich Re’s Digital Partners has entered a strategic partnership with Inshur, to develop and distribute commercial auto insurance products through a mobile technology platform.
Cvrd rebrands to Nimbla and sets launch date
Insurtech start-up Cvrd has rebranded to Nimbla and plans to launch in October this year.
Analysis: Connected risks require joined-up thinking
Faced with events that cascade from one risk class to others, insurers need to review their underwriting strategies.
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Munich Re warns on Q3 loss following Harvey and Irma
Reinsurance giant Munich Re has said it could miss its full year 2017 profit target as a result of extensive damage from hurricanes Harvey and Irma.
Global firms launch blockchain prototype for reinsurance transactions
The Blockchain Insurance Industry Initiative, B3i, will begin market beta-testing of its reinsurance blockchain prototype for reinsurance transactions.
Neos to provide home insurance quotes in under 30 seconds
Insurtech start-up Neos has introduced a propositions which it claims will provide customers with a home insurance quote in under 30 seconds.
Interview: Wrisk co-founder Nigel Barton
Weeks away from launch, Wrisk co-founder Nigel Barton talks to Jonathan Swift about how his business hopes to change the insurance ‘dialogue’, the need for start-ups to forge partnerships with well-known brands, and why it is necessary for the UK to keep…
Munich Re Digital Partners to roll out ride-sharing digital platform
Munich Re Digital Partners has entered a partnership with ride-sharing platform Drover in order to provide fleet owners and ride sharing drivers with personalised policies.
Munich Re launches cyber cover for oil and gas sector
In an industry first, Munich Re has launched insurance cover to help tackle cyber exposures posed to the independent upstream oil and gas sector.
Munich Re's P&C profit drops 29% in first half; Ergo returns to profit
Global reinsurer Munich Re had a mixed first half to the year as the firm was hit by the London Grenfell Tower disaster as its primary insurer Ergo returned to profit.
Obituary: Mike Hannan, a ‘venerable institution’ of Lloyd’s
Mike Hannan, a “venerable institution” of the London insurance market, has passed away this week aged 74.
Insuring the Pacific: where cyclones can cost half a nation's GDP
The growing impact of climate change on the Pacific Islands just adds another layer of catastrophe risk to an already highly vulnerable group of countries.
Munich Re warns on New Zealand earthquake capacity
A senior member at Munich Re has given a warning on the ability to provide earthquake cover in New Zealand in the future.
Castel Specialty enters construction market
Castel Specialty has expanded its book of business with the launch of a construction portfolio.
Insurers face $22bn bill from first half nat cat losses, says Aon Benfield
The $22bn (£16.9bn) in insurer payouts from first half nat cat losses is 35% lower than the ten year average of $35bn according to Impact Forecasting - Aon Benfield's catastrophe modeling team.
Interview: Grenfell Tower insurer reveals UK expansion plans
It is estimated that the Grenfell Tower fire could result in claims of up to £50m. However, the carrier responsible for insuring the building said that its expansion plans for the UK remain undimmed.
Grenfell Tower blaze could result in claims of £50m
The Grenfell Tower blaze could result in property and liability claims of £50m, the Norwegian carrier responsible for insuring the building said.
More women are at executive level in financial services than ever before
Columbia Treadneedle Investments has issued a report highlighting the increased representation of women across 12 sectors in the financial industry.
Generali appoints Soo as Asia head of health
Generali has appointed former Munich Re manager Dr Hak Hong Soo as regional head of health Asia.
GJW transfers marine trade book to NMU as part of restructure
Groves John & Westrup has transferred its book of marine trade business to sister company NMU as part of a strategic restructure implemented by Munich Re.
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
In Depth: Insurtech gold rush
Reinsurers are injecting more money into start-ups to get a foothold in insurtech - and the disruptors are welcoming the investment from these flexible partners.
Big Data practices 'will trickle down from health to GI'
Health insurers may be leading the way with data analytics but best practices will eventually trickle down to general insurance, the CEO of a health tech start-up said.