The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third in the five years since the government launched an initiative to improve gender balance in the sector, a report on …
Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year, creating a faster bounceback than from the global financial …
Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the deluges into streets, homes and businesses even more frequently over the next decade, the National Oceanic and Atmospheric Administration said. …
Almost half (48%) of business insurance buyers say their trust in insurance has increased since the start of the pandemic, but only 54% believe that insurance is meeting their businesses’ challenges very well. A new report from specialty insurer Beazley …
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s more, COVID-19 has been a major factor in the trend. The sector’s overall aspirational score (toward wanting more automation) was …
Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or insurers should not be publicly disclosed. The report …
A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could prevent 5,500 premature deaths and save $58 billion annually, while simultaneously slashing U.S. petroleum consumption by 50% and carbon dioxide …
June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon’s latest natural catastrophe report. Aon said Europe will face insured losses of more …
There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, It was the highest recorded total for the first half of the year. …
As America’s job market rebounds this summer and the need for workers intensifies, employers won’t likely have a chance to relax anytime soon. Worker shortages will likely persist for years after the fast-reopening economy shakes off its growing pains. Consider …
