Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It urged members to “develop products that will allow businesses to protect themselves against new …
The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, insurers and distributors. The study, released …
Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …
Risk Management Solutions (RMS), has released its initial estimate for insured losses from Windstorm Kyrill, indicating that it expects them to be between €3 billion and €5 billion ($3.9 billion and $6.5 billion). RMS’ estimates are somewhat lower than fellow …
Bermuda’s PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Kyrill, which hit Europe last week, are expected to be between $50 and $65 million. “Windstorm Kyrill battered the U.K., France, the Netherlands, Germany and several other Northern …
Catastrophe risk modeler AIR Worldwide has issued a bulletin estimating insured losses from Winter Storm Kyrill (or Cyril) at between €4 billion and €8 billion ($5.18 billion and $10.37 billion). The GDV German insurance industry association estimated that country’s insured …
The mild winter weather that much of Europe has been enjoying for the last month came to a sudden halt earlier this week when the most violent storm to hit the continent since 1999 swept in from the Atlantic. So …
The Netherlands’ ING Group has announced a major change in strategy and a restructuring of its Belgian insurance business. ING intends to focus exclusively on its on bancassurance distribution in Belgium. ING said that after a strategic review of its …
Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in French insurer AGF that it does not …
Transamerica Occidental Life Insurance Co. is moving the bulk of its Kansas City operations to Cedar Rapids, Iowa, costing 500 jobs and alarming city officials trying to bring businesses back downtown. The company’s corporate parent, Netherlands-based Aegon Group, announced the …
