Revamp Strategy Centers on Directly Assisting Client Sales and Service Insurance agency McGriff, a retail broker, has announced a restructuring of its individual lines division. […]
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2023 Underwriting Loss in P&C: A Deeper Look into the Whys and Hows
Revealing Report Explores Dominant Trends Shaping Industries Forecasts put the P&C industry’s combined net ratio at 102.2 in 2023, down from 102.4 in 2022. Poor […]
Global Survey Highlights Most Trusted Insurers Worldwide for Customer Confidence
Canadian Insurer’s Performance Beats Peers… In the 2023 Financial Services Reputation Report published by Calibre, a stakeholder tracking provider, MetLife was ranked first among insurers […]
Insurance Sector Shines in Q2 with Impressive Stock Performance
Global Insurers Navigate Challenges with Successful Underwriting and Investment Approaches In the second quarter of 2022, the ACORD Global Insurance Stock Index posted a return […]
Bain Capital Hits $1.15 Billion Target for Insurance-Focused Fund
According to Reuters, a top official at Bain Capital LP said that the private equity company has successfully raised $1.15 billion for its first insurance-specific […]
ILS Insurtech Launches Investigation Amid Alleged Fraud
ILS Insurtech Takes Swift Action in Response to Alleged Fraud After news reports of potential fraud involving letters of credit for reinsurance transactions it was […]
Historic Catastrophe Losses Weigh Down Travelers’ Profit
[per REUTERS]-On Thursday, Travellers Cos. Inc. announced a quarterly profit that was down 98% from the previous year. This was due to strong wind and […]
Illinois Supreme Court Denies Reconsideration of Divided BIPA Decision
A plea for a rehearing of the case was denied by the Illinois Supreme Court, which upheld the lower court’s judgement in February that employers […]
“Tomorrow’s Reality;Embracing an Uneven Future”
CEO of ACORD talks about global connections, AI, and the risk managers who are “making it happen” CEO of the Association for Cooperative Operations Research […]
Unprecedented Increase in US Auto Claim Severity Linked to Pandemic Impact
Recent Report Provides Valuable Insights into Auto Insurance Claims According to a recent analysis published by the Insurance Research Council, the United States had a […]