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The origin story of FIGUR8 is a result of decades of research with a foundation in collaboration between MIT, Mass General Hospital and the Boston Red Sox. The post
Posted: Dec 11, 2024
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricin...
Posted: Dec 11, 2024
Specialty insurance carrier Relm Insurance has officially launched its own managing general agent (MGA) in the US, licensed in all 50 states with locations in Miami, New York and Pennsylvania. It’s worth highlighting that Relm is the first...
Posted: Dec 11, 2024
Climate-related risks threaten major football stadiums with potential losses reaching $800 million by 2050, according to analysis by Climate X. The post
Posted: Dec 11, 2024
Climate-related risks threaten major football stadiums with potential losses reaching $800 million by 2050, according to analysis by Climate X. The post
Posted: Dec 11, 2024
COLUMBIA, S.C. (AP) — With the largest number of newly elected members at least since World War II, Republican South Carolina Senate leaders are thinking about tackling some issues like tax reform and liquor liability insurance that have long been &#...
Posted: Dec 11, 2024
Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s...
Posted: Dec 11, 2024
Krispy Kreme Inc. said a cybersecurity incident had disrupted some of its operations, including online ordering in parts of the US. The company said in a regulatory filing Wednesday that it was notified on Nov. 29 of unauthorized activity in …
Posted: Dec 11, 2024
InsurTech company Zhibao Technology announced the launch of the Longevity Risk Lab (LRL) based in Shanghai during its first Longevity Risk Conference on December 8, 2024. The LRL will be co-managed by Zhibao, the Shanghai International Reinsurance...
Posted: Dec 11, 2024
How to scale up without dropping the ball on producer experience
Posted: Dec 11, 2024
The platform enables credit unions to create, manage, and integrate white-labeled rewards programs into everyday banking.
Posted: Dec 11, 2024
has announced the appointment of Caroline Drouin as Head of Investor Relations, effective January 1, 2025. Drouin, currently Vice-President of Investor Relations, Sustainability, and Public Affairs, will oversee investor relations,...
Posted: Dec 11, 2024
Bank of America is expected to provide financing for Chariot Re.
Posted: Dec 11, 2024
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to t...
Posted: Dec 11, 2024
Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption across global industries du...
Posted: Dec 11, 2024
The Centre for Disaster Protection, an organisation focused on helping countries and humanitarian agencies better prepare for and respond to natural disasters through innovative financing solutions, has announced the appointment of Cristina Stefan...
Posted: Dec 11, 2024
Insurance Business Magazine - US
Posted: Dec 11, 2024
Insurance Business Magazine - US
Posted: Dec 11, 2024
Aon plc, a global professional services firm, has announced that the trend of UK bulk annuity insurers expanding member options and offering access to independent financial advisers (IFAs) at retirement will continue to grow throughout 2025. In re...
Posted: Dec 11, 2024
Aon plc, a global professional services firm, has announced that the trend of UK bulk annuity insurers expanding member options and offering access to independent financial advisers (IFAs) at retirement will continue to grow throughout 2025. In re...
Posted: Dec 11, 2024
MetLife, Inc. and General Atlantic have revealed the formation of Chariot Reinsurance, Ltd. (Chariot Re), a to-be-registered Class E Bermuda-based life and annuity reinsurance company. Cynthia Smith, a 30-year veteran of MetLife, is expected to le...
Posted: Dec 11, 2024
Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The...
Posted: Dec 11, 2024
Empowering insurance professionals and entrepreneurs to build scalable, profitable, and enduring agencies with innovative tech, competitive economics, and world-class support. Orlando, FL, December 11, 2024 — Renegade Insurance proudly announces the...
Posted: Dec 11, 2024
The Talanx Group, the parent company of large European reinsurer Hannover Re, has set a number of new targets for the period to 2027 as the company is set to exceed its 2025 targets a year early. In light of the recent strong performance, the fina...
Posted: Dec 11, 2024
Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has appointed three industry veterans to its senior global leadership team to fuel its growth and transformation. William Magowan...
Posted: Dec 11, 2024
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has appointed Gabriel Ewing as Head of its new Transactional Risk practice in London. Ewing is a market veteran with almost two decades of legal and M&A ex...
Posted: Dec 11, 2024
African and Middle East focused re/insurance group Africa Specialty Risks (ASR), has announced that its Middle Eastern and Mauritian subsidiaries, Africa Specialty Risks Mauritius and ASR Middle East Limited, have agreed Binding Authority Agreemen...
Posted: Dec 11, 2024
Specialty MGA Optio Group has advanced its European expansion by completing a strategic investment in the Italian MGA Heca S.r.l., following regulatory approval. Founded in 2010 in Ortona, province of Chieti in Abruzzo, Heca has rapidly grown to b...
Posted: Dec 11, 2024
Insurance Business Magazine - US
Posted: Dec 11, 2024
While careful implementation is essential, AI agents mark a significant evolution in how insurers can use technology to automate their operations. The post
Posted: Dec 11, 2024
The global economy could be exposed to potential losses of $13.6 trillion over a five-year period from the threat of a hypothetical future human pandemic, according to systemic risk scenario research from Lloyd’s. Produced in partnership wit...
Posted: Dec 11, 2024
This post is part of a series sponsored by AgentSync. How to scale your insurance organization efficiently and effectively during AEP and beyond ‘Tis the season! The Medicare open enrollment season, that is. It’s time again for Medicare b...
Posted: Dec 11, 2024
Ratings agency, AM Best has upgraded the Financial Strength Rating (FSR) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR...
Posted: Dec 11, 2024
Allianz Life Insurance Company of North America (Allianz Life) has partnered with retirement plan provider, Empower, to provide its in-plan annuity solution. Allianz Lifetime Income+ will be the first fixed index annuity on Empower’s platform and...
Posted: Dec 11, 2024
Nearly half (46%) of insurance data leaders fear that failing to adopt artificial intelligence (AI) will leave them at a competitive disadvantage, according to a report by Ataccama. The report revealed that while 74% of organisations have implemen...
Posted: Dec 11, 2024
Nippon Life Insurance Company has agreed to consolidate its ownership interest in Resolution Life by acquiring the remaining shares from the firm’s investment limited partnership for $8.2 billion. The transaction values Resolution Life at $10.6 bi...
Posted: Dec 11, 2024
The Bank of New York Mellon Corporation (BNY) and Conduent Incorporated have formed a strategic alliance to deliver insurers and pension acquirers an end-to-end pension risk transfer (PRT) solution through a single, streamlined platform. As pensio...
Posted: Dec 11, 2024
Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers Setting aside the populist flavor of h...
Posted: Dec 11, 2024
Posted: Dec 11, 2024
Micro-Captives Growing Like Weeds in Hard Florida Market Despite continued uncertainty over the fut...
Posted: Dec 11, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, is expanding its Luxembourg office with the appointment of four new and experienced experts to its team. This includes Alain Sougnez as an additional licensed manager, who i...
Posted: Dec 11, 2024
Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease....
Posted: Dec 11, 2024
Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article: US Nuclear Ve...
Posted: Dec 11, 2024
Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel systems, offering no easy fix for gov...
Posted: Dec 11, 2024