The issue of underinsurance among commercial properties in the UK has become increasingly concerning, particularly amid rising costs and supply chain disruptions. Recent findings from a report by insurance broker Gallagher reveal that nearly half—46%—of UK commercial properties are underinsured, a s
The COVID-19 pandemic brought unprecedented challenges to businesses worldwide, particularly in sectors like hospitality and leisure that faced long-term closures and significant revenue losses. Many businesses turned to their business interruption insurance policies for financial relief, only to
The Vehicle Risk Rating (VRR) system, developed by Thatcham Research, is set to overhaul the current car insurance framework by providing a more precise and dynamic assessment of vehicle-related risks. Billed as a significant advancement over the traditional group rating system, VRR offers an
The article primarily focuses on the upcoming IPO of Yuanbao Inc., a relatively young but rapidly growing Chinese online insurance distributor, in the Nasdaq market. Despite operating in a challenging economic environment in China, Yuanbao has reported substantial revenue growth and maintains
In a remarkable development, arqu, a tech-focused wholesale insurance brokerage, has successfully raised $10 million in a Series A funding round. This significant round of funding was led by Crosslink Capital, with active participation from Intact Ventures, and saw support from existing investors
A-G Specialty Insurance, formerly known as A-G Administrators, has recently acquired eSportsInsurance, expanding its presence in the niche market of amateur youth and adult sports insurance. This acquisition aligns with A-G Specialty's broader strategy to enhance its portfolio and cater to
The legal battle heating up between Preferra Insurance Company RRG and the National Association of Social Workers (NASW) represents a significant clash in the professional insurance realm. Filed in the US District Court for the District of Columbia, the lawsuit accuses NASW and its
In recent years, Income Insurance, a prominent life insurer based in Singapore, has strategically pivoted towards private credit investments. This shift is motivated by the insurer's desire to leverage lower risk charges and secure higher income amidst anticipated declines in U.S. interest
The insurance industry is undergoing rapid change, driven largely by the need to digitize traditionally manual workflows. At the forefront of this transformation is Korint, an emerging InsurTech company that has recently secured €5 million in funding to accelerate its digital initiatives. This i
The first half of 2024 brought mixed financial results for PICC Property and Casualty (HKG:2328), a major player in the Hong Kong insurance market. While the company reported a 4.5% year-over-year increase in revenue, reaching CN¥242.4 billion, it experienced a significant decline in net income.
