Insurer
IAG to open insurtech incubator in Singapore
Australian-headquartered insurer IAG is opening an insurtech hub in Singapore later this year.
Zurich restructures Asia-Pacific commercial business
Swiss global giant Zurich is reorganising its commercial business in Asia-Pacific, headquartered in Hong Kong, following the worldwide decision to integrate its global corporate and commercial divisions.
Allianz's global P&C profit falls 4.2% in 2016; P&C COR improves to 94.3%
German global insurer Allianz finished the year with a strong fourth quarter to meet its profit expectations for 2016 despite weaker investment returns in its P&C business.
Zurich paid out almost £2bn in claims in 2016
Zurich paid out almost £2bn in UK claims payments over the course of last year, the group has revealed.
Watchstone issues claim against Aviva Canada
Watchstone Group’s Canadian subsidiary Hubio Solutions has issued a claim in the Ontario Superior Court of Justice against Aviva Canada.
Lancashire Holdings reports unchanged return on equity despite a ‘turbulent’ 2016
Bermuda insurer Lancashire Holdings reported unchanged return on equity despite a ‘turbulent’ 2016 but has predicted difficulties within the market for the foreseeable future.
Junction’s Gary Duggan on how the data revolution can benefit consumers
The vast amount of data available to insurance providers in an increasingly digital world offers extraordinary potential for our industry, allowing us to understand our customers better, to refine our pricing and to improve and personalise the…
The Polish insurance market and its prospects
Price wars in the motor sector have contributed to poor results for Polish insurers, but the market could be shaken up by upcoming distribution rules and potentially growing demand for property, liability and cyber policies.
Six insurtech start-ups to watch in 2017
To celebrate the return of the Post Digital Insurance Collective, I thought I would take another of my periodic looks at some of the newer start-ups in the insurtech space with some connection to the UK.
Half of insurers to acquire digital assets, says Willis Towers Watson
Global advisory firm Willis Towers Watson is expecting almost half (49%) of global insurers to acquire digital technologies in the next three years.
Aviva UK embarks on executive reshuffle
Aviva's UK CEO Andy Briggs has reshuffled his executive team following last month's business restructure.
ILS market hits $75bn in 2016, says WCMA
Non-life insurance-linked securities grew to $75bn (£60bn) in 2016 overcoming a tough operating environment, according to Willis Capital Markets & Advisory.
Woman arrested by IFED detectives after allegedly faking her own death
A 45-year-old woman has been arrested by detectives from the Insurance Fraud Enforcement Department after allegedly faking her own death to make a £140,000 false life insurance claim.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
AIG suffers $3bn Q4 loss and 241.6% commercial COR
Global insurance giant AIG saw losses widen in Q4 2016 following a $5.6bn (£4.5bn) pre-tax charge to boost its reserves for prior year commercial claims.
MS Amlin joins Flood Re scheme
Global speciality insurer MS Amlin has joined Flood Re with accessibility for the renewal of new business beginning 1 March 2017.
Risk managers and business leaders must be 'cyber savvy'
The UK’s business leaders and risk managers need to be ahead of the curve when it comes to cyber risk, said Julia Graham, technical director at the Association of Insurance and Risk Managers.
FCA issues warning over unauthorised insurance firm
Consumers have been warned to be “especially wary” over an insurance company which may have been selling services without authorisation.
Axis Insurance and RCG sign deal over renewables
Renewables Consulting Group has signed a consulting deal over renewable assets with Axis Insurance.
What US sanctions may look like under the Trump administration
There is quite a bit of uncertainty regarding the direction of US sanctions policy under president Donald Trump's administration. Various forces drive in different directions.
Legal Update: Motor's waiting game
The motor claims market is currently sitting in that state of indecision that business - and pilots - like to call ‘a holding pattern' as it awaits three major government consultations. These, to push the aviation analogy to its fullest, are hovering…
Japan's AIU and Fuji Fire announce merger date and name
Two large AIG wholly owned general insurers in Japan will complete their proposed merger, first announced in 2013, by the end of the year.
Law firm to pay Axa £70,000 after systematically inflating legal costs
Claimant law firm Asons has agreed to repay almost £70,000 to Axa after admitting to falsely and systematically inflating its legal costs.
IFB collaborates with police to convict fraud gang
A crash for crash gang has been exposed and five people have been found guilty after a £500,000 fraud was uncovered by the Insurance Fraud Bureau and Derbyshire Police.