The reinsurance landscape is undergoing significant transformations, driven by factors such as escalating natural catastrophes, economic volatility, and emerging risks. Munich Re stands out amid these shifts, consistently recalibrating its strategies to maintain balanced risk-sharing and uphold a
As technology continues to advance at a rapid pace, its impact on various sectors has been profound, none more so than the Delegated Underwriting Authority Enterprise (DUAE) segment within the insurance industry. Dawn Walker, AM Best's associate director for Industry Relations – DUAE, recently
The year 2024 has marked a significant turning point for Canada, ushering in an era defined by record-breaking financial losses due to natural disasters. Canada has experienced over $7.6 billion in catastrophic damages, all driven by severe weather events such as storms, floods, and wildfires. This
Ducks Unlimited Canada (DUC) has embarked on a groundbreaking initiative named Nature Force in Quebec, aimed at addressing the growing flood risks in the Lorette River sub-watershed. The initiative seeks to enhance flood resilience, promote biodiversity, and improve water quality through natural
In the rapidly evolving landscape of risk management, insurance brokers seek innovative tools to stay ahead and provide comprehensive solutions for their clients. Enter ISARR’s pioneering risk assessment platform, PoRA, which leverages advanced machine learning and artificial intelligence to r
The insurance industry is on the brink of a significant transformation, led by London-based startup Diesta. Founded in 2022 by Julian Schoemig and Christopher Davis, Diesta has recently secured $3.8 million (€3.49 million) in Seed funding, a major milestone for the burgeoning venture. This funding r
Munich Re Specialty, a division of the global reinsurer Munich Re, has announced its plans to expand into the Spanish insurance market starting in 2025, targeting the primary specialty insurance sector. This move is part of Munich Re's broader strategy aimed at amplifying its footprint across
Duck Creek Technologies, a leading software solutions provider for the property & casualty insurance sector, has taken a significant step forward by acquiring Toronto-based Risk Control Technologies (RCT). This strategic acquisition will fully integrate RCT’s flagship platform, RiskHub, into D
Phinsys, a leading provider of finance automation software for the insurance and reinsurance sectors, has reached a significant milestone: its inclusion in the 2024 InsurTec#00 list. This annual compilation by FinTech Global recognizes the top 100 companies revolutionizing the insurance industry
The annual meeting of the American Property Casualty Insurance Association (APCIA) in Chicago gathered property and casualty insurers and reinsurers to tackle pressing issues within the industry, particularly in light of recent hurricanes and the forthcoming U.S. presidential election. This event
