Some underwriters are still reviewing data manually but Rodrigo DeCossio, UK insurance lead at Mark Logic, suggests 2018 might be the year to automate these processes and drive more efficiency in underwriting.
FM Global’s president and CEO Thomas Lawson has been elected chairman of the board by the group’s board of directors.
MS Amlin has established a special purpose reinsurer in Bermuda to provide collateralised capacity support for its reinsurance portfolio.
Global insurer XL Catlin has recruited from rival QBE for a senior Asia-Pacific role.
Lloyd’s carrier Neon has launched the first Insurance Linked Securities vehicle in the UK, NCM Re and raised third party capital to support the UK’s first ILS transaction.
Water resilience can reduce the trauma and cost of restoring a flooded property, writes Roy Shevlin, building consultancy services director at Cunningham Lindsey.
Those loyal to their insurer are probably paying more than they should. Carl Shuker, CEO of A-Plan, believes it’s time the market took a bold move to address the problem
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Technology can’t influence the weather but can change its outcomes during surge, explains Claims Consortium’s operations director Connie Beasley.
Powerful Typhoon Hato cost insurers in Macau nearly $400m (£298m), almost one and a half times the annual gross premium for the small market. Nicky Burridge takes a closer look.
Denmark’s largest insurance company Tryg is to buy competitor Alka Forsikring for 8.2bn DKr (£1bn).
This month's movers and shakers in the insurance industry.
Lemonade CEO Daniel Schreiber talks about the expansion plans of the US-based start-up that uses artificial intelligence to validate claims and donates profits to charities.
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Home insurance premiums are soaring as rising inflation increases the cost of claims while fraud escalates, according to research findings.
Connected devices can help underwrite and mitigate household risks, but they also open the door to cyber vulnerabilities.
The leading lights of underwriting gathered last night at Post’s annual Underwriting Service Awards. The winners are below:
Former Aspen Re head Stefan Long has launched managing general agent Chord Re, which will underwrite on behalf of Neon Syndicate 2468.
Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business from 1 January 2018.
James Pilgrim-Morris, head of claims at Hiscox UK & Ireland, says it's time to get all hands on deck to tackle escape of water.
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
Zuich Singapore has made two senior appointments for its Asia-Pacific property and energy divisions.
Investment vehicle Global Risk Partners has acquired a majority stake in Poole-based Alan & Thomas Insurance Group.