AM Best has assigned a negative market segment outlook on Costa Ricas insurance industry, owing to the COVID-19 pandemic, which has impacted economic activity and public finances.
United Insurance Holdings Corp. (UIHC), a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred for the third quarter ending September 30, 2021, of approximately $37 million before income taxes, net of expected reinsurance recoveries.
CHICAGO, Oct. 21, 2021 Combined Insurance, a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products for individuals and employers, today announced new initiatives to meet the changing needs of businesses.
HOUSTON, Oct. 21, 2021 Veriforce, the premier global supply chain risk and compliance management solution provider, announces the launch of the Veriforce HUB, an exclusive marketplace for members of the Veriforce Network. Phase One of the Veriforce HUB includes providers of insurance services, safety programs and consulting services, office products, on-demand safety professionals, and more.
Palomar Holdings, Inc. (PLMR) today announced an estimated range of pretax catastrophe losses of $14.5 million to $15.5 million, net of reinsurance, for the third quarter of 2021. Palomars loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates.
When estimating the costs of a data breach, several factors can be independently quantified, including an organization's industry, the source and origin of the threat actor, and the number of records, according to findings in the study, "Estimating Financial Losses From a Data Breach," authored by RiskLens, the leading provider of cyber risk quantification and cyber risk management software and...
ST. PETERSBURG, Fla. It is available to residential property owners beginning October 19, 2021, and is underwritten by Zurich American Insurance Company. The first-of-a-kind, stand-alone product has previously been launched in Florida, New Jersey, South Carolina, Virginia, California, Massachusetts and Maryland, with anticipated plans to expand to additional states.
SAN DIEGO, Oct. 19, 2021 Enlyte, the new parent brand unifying Mitchell, Genex and Coventry, today released its inaugural report Enlytened, offering meaningful visibility into data-driven trends in the property and casualty and collision repair markets.
Inaugural members include: Attestiv, MākuSafe, Roost, Zensurance, and Zesty.ai SAN MATEO, Calif. Investment in insurtech is on the rise. Insurtech Vanguards will highlight innovative insurtechs that are bringing novel approaches to insurance, introducing these pioneering companies and the value propositions they bring to Guidewire’s existing community of insurance customers.
NEW YORK, Oct. 19, 2021 The InsurTech market is expected to grow by USD 33.73 billion from 2021 to 2025, progressing at a CAGR of 45.28% as per the latest market report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. For insights on trends & challenges - Download a free sample now!
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