Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
Research and Trends News
U.S. insurers face a multi-billion-dollar payout from May’s convective storms, which spawned extensive hail, tornado, wind and flood damage across...
The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range...
Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning...
The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy...
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department...
Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate...
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...