Property
One insurance scam seen every minute in 2017
Over half a million attempts at insurance fraud were detected in 2017, equivalent to one fraud every minute.
2018 H1 insured disaster losses below average at $20bn
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20bn, 33% below the ten-year average of $35bn, according to Swiss Re Institute's preliminary sigma report.
Top 30 European insurers 2018: A year of steady growth for insurers
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
Q&A: Malcolm Hyde, CILA and FUEDI
After working with the European Federation of Loss Adjusting Experts for a number of years, Malcolm Hyde has taken on board the role as president.
Rising Star: Ryan Field, Morgan Clark
Ryan Field is a loss assessor and found being thrown into a surge situation challenging but good experience
Paris attacks victims receive €75m
The French compensation fund has so far paid out more than €75m (£67m) to over 2600 victims and relatives of casualties of the November 2015 Paris terror attacks.
Blog: Why you should model your flood losses on a European scale
The anatomy of European flooding means insurers and reinsurers should model their potential losses across several countries, explains Dr Maurizio Savina, director at RMS.
Blog: The new cyber and terror risks looming over schools
The September renewal period for the education sector is fast approaching, providing brokers with an opportunity to explore cover options for new and emerging risks, explains Faith Kitchen, education director for Ecclesiastical.
Guevara founder Anderson: incumbent insurers complicit in stalling true customer led-disruption
Despite the hype around insurtech, the barriers to entry remain high, not least because incumbents have reputational concerns that are hampering true customer-led disruption. Indeed, the likes of Lemonade have had to water down their original vision to…
Insurtechs on Tempcover's radar as it spies acquisition targets
Exclusive: Short-term insurance specialist Tempcover is actively looking for acquisition targets, and views the insurtech sector as a potentially lucrative hunting ground.
Victims of Nice terrorist truck attack receive €37m
Two years after the truck attack in Nice, southern France, the terror compensation fund has paid out €37m (£33m) to 2135 victims, who were either injured in the attack or are relatives of casualties.
Sogaz and VTB merge to form Russian insurance giant
Sogaz has acquired VTB Insurance and the merger is creating Russia’s largest insurance company.
British Insurance Awards 2018: Full list of winners, their stories and photos
Former Churchill and LV general insurance boss John O’Roarke took home the Achievement prize last night at the British Insurance Awards, where his new employer Aviva was among the big winners.
Chubb appoints Matthew Hardy as president of global energy
Chubb has appointed Matthew Hardy as executive vice president of global energy for its Overseas General business.
MS Amlin partners with AI start-up to automate underwriting decisions
MS Amlin has entered into a partnership with Artificial Intelligence company Cytora to help automate its underwriting decisions across its commercial property portfolio.
Blog: Dreamvar, the continuing nightmare for PI insurers?
Solicitors and their professional indemnity insurers are in effect underwriting the legitimacy of property transactions on a strict liability basis, following a recent court decision analysed by Phil Murrin, partner at DAC Beachcroft.
Blog: High-tech property restoration is worth paying for
Property restoration techniques and equipment are advancing and, while they may be costly, they're worth investing in, argues Jonathan Davison, strategic development director of the British Damage Management Association.
Insurtech top 100: Quarter Two update
Following on from the publication of the top 100 insurtech firms in April, Matt Connolly, CEO of Tällt Ventures, reflects on the major developments that are having an impact on the 25 top ranked start-ups.
Lanes Group-backed Evolution claims fixed fee model will become the norm after Ageas win
Evolution Claims Management has secured a new contract to provide building claims management services to Ageas Insurance, its first since attracting investment from Lanes Group.
Blog: E-cigarettes - playing with fire
E-cigarettes may pose unknown health risks, writes Stuart Toal, casualty account manager at Allianz, warning the liability exposures associated with vaping might be slow-burning ones.
Interview: Patrick Tiernan, Aviva
Aviva Global Corporate & Specialty's new managing director Patrick Tiernan is confident of profitable growth. He tells Jonathan Swift how he hopes to take the business to the next level.
Blog: Internet of Things - How to realise its full potential
Insurance still lags behind other industry sectors when it comes to the internet of things. HPE Pointnext chief digital officer Mitchell Feldman explains why underwriters across all product lines should consider how it could help them price risks more…
Analysis: Supply chains: Pruning supply risks
With supply chains entwined through businesses like ivy, disruption risks are climbing. Under-utilised policy wordings and little-known specialist covers haven’t weeded them out