Rising insurance premiums are costing businesses millions of dollars they can ill afford as they navigate the coronavirus pandemic. Many companies are responding by trying to manage risks on their own. A surge in demand for so-called captive insurance and the increasing amount of capital being devoted to mitigating risks have caught many in the industry by surprise, including brokers who sell the idea of setting up a captive insurer.
Japanese real estate funds and developers focusing on the retail sector are leading a stock market rally as investors bet the cheaply valued sector will outperform as consumer spending recovers from the coronavirus pandemic. The gradual opening up of the Japanese economy from lockdowns has seen the stock market rise nearly 9% since August.
Serious delinquency rates in August improved once more across all consumer credit segments even as the number of people in accommodation programs dropped for the second consecutive month. During the month of August, serious consumer-level delinquency rates improved for auto loans, credit cards, mortgages, and personal loans.
Cowen Inc. (COWN) today announced that Chair and CEO Jeffrey M. Solomon joins more than 1,300 CEOs who have pledged to take action to advance diversity and inclusion in the workplace through the CEO Action for Diversity & Inclusion coalition.
On September 29, AAIS will host its first AAIS Pulse, a digital newsmagazine offering interactive access to a unique panel of experts discussing issues important to insurance professionals.
Asset managers and companies must do more to prepare for the end of the tarnished Libor benchmark, Hong Kong's banking regulator said on Wednesday, describing them as lagging behind the banking sector.
Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. The Organization of the Petroleum Exporting Countries, energy giant BP and commodities trading giant Vitol all made grim forecasts as rising rates of COVID-19 infections sap hopes for quick recovery.
Exela Technologies, Inc. (XELA) today announced that it has launched the healthcare industrys first all-encompassing, cloud-based claims processing gateway. PCH Global builds upon Exelas dominant position in the healthcare automation market.
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has been named for the third consecutive year in the annual Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.
Ebix, Inc. (EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e learning industries today announced a partnership with F&G for deploying WinFlex Analytics, EbixExchanges industry-changing data analytics and alerts platform.
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