Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC June 17, 2016 By L.S. Howard While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC May 25, 2016 There is a real risk that casualty reserves for business written in 2015 will run off at a loss in...
UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC February 2, 2016 UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion December 30, 2015 By Carolyn Cohn and Kate Holton Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead December 29, 2015 By Noor Zainab Hussain and Simon Jessop Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey June 22, 2015 A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear...
It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots March 3, 2015 By Cornelius Rahn and Gwen Ackerman If anyone attending the Mobile World Congress in Barcelona this week doubts how easy it is to hack smartphones and...
Progressive Announces New Boat Coverages in Florida October 22, 2014 The Progressive Group of Insurance Cos., which insures more than one million watercrafts nationwide, has launched a line of new...
PwC: Climate Change Is Risk and Business Opportunity October 15, 2014 By Nina Chestney and Susanna Twidale Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science,...
Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse July 11, 2014 By Jonathan Stempel A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad...