Rising utilisation of automation and cloud solutions to support growth Technavio predicts that the global benefits administration service market would rise by $144.7 billion between […]
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MAS Tightens Oversight on Reinsurance Contracts
Insurers face audits due to IAIS issues. According to industry insiders, the Monetary Authority of Singapore (MAS) is increasing its inspection of Singapore insurers, particularly […]
Aon Subsidiary Sues Chinese Lender Over Vesttoo Fraud Allegations
“The bank needs to be held responsible for the damage it has caused.” Aon subsidiary White Rock has sued China Construction Bank (CCB) for its […]
Inszone Insurance Expands Pacific Northwest Presence with Potter Acquisition
National broking snaps up. Firm in the Seattle region Inszone Insurance Services has increased its presence in Washington State with the acquisition of Potter Insurance. […]
Cyberattack Threats Escalate in Major US States
Colorado, New York, and Nevada have the most financial losses. As cybercrime evolves, businesses across the United States become increasingly vulnerable to costly cyberattacks. According […]
AM Best Reports Growing Competition in Life/Annuity Reinsurance Due to Enhanced Conditions
The industry continues to attract new investors. Higher interest rates and improving mortality trends have created more favourable conditions for life and annuity (L/A) reinsurance […]
Hub International Announces New Carolinas Region President
He will manage 13 offices and almost 340 team members. Global brokerage Hub International Limited (HUB) has named Tim Smith president and CEO of HUB […]
Research Highlights Increased Flood Risk Due to Climate Change
Claimed to be the most precise forecast to date The most precise flood risk projections to date under climate change, according to Fathom, a global […]
Michigan DIFS Sets Guidelines for Responsible AI Implementation
Regulator outlines potential dangers associated with its opportunities. The Michigan Department of Insurance and Financial Services (DIFS) has released a bulletin defining regulatory expectations for […]
Overcoming Hurdles in Transportation Insurance: A Fast-Track Approach
Transportation insurance is undergoing a revolutionary period, particularly in the trucking and commercial car industries. Drew Easton, executive vice president and branch leader at Amwins […]