The ongoing gap between return-on-equity ratios and the overall cost of capital is one of the key drivers for higher reinsurance prices going forward, according to a new AM Best report capturing the views of panelists from a recent reinsurance industry briefing.
Formerly Cloud to Street, flood data company Floodbase unveiled a new brand and $12m Series A funding round led by Lowercarbon Capital to make parametric flood insurance policies available worldwide, protecting consumers and supporting climate change adaptation Floodbase, a climate adaptation technology company that provides precise, near real-time data and analysis on flooding and flood risk, ...
The optional telematics program offers premium discounts and more efficient claims for customers practicing safe driving Motive, the leader in Automated Operations for the physical economy, and Sentry Insurance, a leading provider of commercial trucking insurance, today announced that customers using Motives Driver Safety Solution are eligible to save up to 5% on their Sentry insurance premium...
- Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured.
Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured.
Commissioner's Office and NICB Personnel Deployed to Catastrophe Claims Village DES PLAINES, Ill. "Following the impacts of powerful tornados causing devastation to homes in the Southeast, dishonest contractors will work to defraud individuals in their time of need," said NICB President and CEO David Glawe.
Benefits offered by bancassurance such as increased profitability for both banks and insurance companies, higher retention rate, and growing number of customers in banks, mostly in the developing countries drive the global bancassurance market growth. PORTLAND, Ore.
INDUSTRY LEADERS SAY YOUTUBE IS NOT DOING ENOUGH TO STOP MISUSE OF PLATFORM DES PLAINES, Ill. "Everyday consumers are being victimized by criminals using social media platforms to learn their newest illegal tricks and techniques," said David Glawe, President and CEO of the National Insurance Crime Bureau.
SEATTLE, Jan. 19, 2023 Milliman, Inc., the premier global consulting and actuarial firm, today announced that Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, Inc. (BRP), has chosen Milliman Bungalow as its insurtech platform for a complete flood insurance rating solution. "Flood is a complex peril to underwrite and price.
Renewables will remain the darling of the global energy transition, yet risk managers will face multiple challenges arising from a new trilemma. It comprises the convergence of: This trilemma will escalate risk management and ESG as key issues for the renewables industry in the year ahead, according to Renewable Energy Market Review 2023, published today by WTW, a leading global advisory, bro...
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