The world of casualty insurance is facing intense scrutiny as executives grapple with new and evolving challenges. From concerns over reserving amid the soft-market years to the rising phenomena of social inflation and legal-system abuse, the industry is in a state of flux. This article compiles
The insurance agency software market is set to experience significant growth over the next decade, with projections estimating a substantial increase in value. Valued at USD 3 billion in 2023, this market is anticipated to reach an impressive USD 5.90 billion by 2033. The forecasted boom is driven
Coalition, an active insurance provider, has launched Coalition Re, a new cyber reinsurance intermediary that promises to revolutionize the reinsurance market with cutting-edge technology and expertise. The introduction of Coalition Re aims to address existing gaps and misconceptions in the cyber
In a striking display of financial prowess, Guinea Insurance Plc reported an impressive 49.4% increase in insurance revenue for the fiscal year 2023, underscoring a well-executed strategy in an increasingly competitive marketplace. This substantial jump saw revenue soar from ₦1.36 billion in 2022 t
In a significant move that aims to reshape the landscape of travel insurance, HBX Group has joined forces with global travel insurer battleface to offer customizable, tech-driven insurance products to residents in over 180 countries. This collaboration leverages the unique strengths of both
California's ongoing battle with insurance fraud has prompted new legislative measures aimed at improving enforcement capabilities. One such measure is Assembly Bill 2872, designed to close the pay gap between fraud detectives at the Department of Insurance and other state agencies. This
The insurance industry has seen a notable surge in consolidation, with companies strategically acquiring smaller but well-established agencies to bolster their market positions. A significant recent example is Inszone Insurance Services' acquisition of the Keith Williams Insurance Agency,
In an effort to address the unique needs of the cycling industry, Bikmo, an InsurTech company specializing in cycling insurance, has entered into a three-year partnership with the Association of Cycle Traders (ACT), the UK's largest cycle trade membership organization. This collaboration marks
The recent strategic partnership between Howden, a renowned UK insurance intermediary, and FullCircl, a B2B SaaS company, has set the stage for transformative changes in operational efficiencies and compliance cost reduction. By leveraging FullCircl’s SmartBroker solution integrated with the A
In a significant move poised to reshape the insurance landscape, Howden, a global insurance intermediary, has announced a strategic partnership with FullCircl, known for its innovative SmartBroker software designed to optimize growth and compliance for insurance brokers. By integrating FullCircl’s S
