In a noteworthy move to strengthen its foothold in the UK's taxi insurance market, Specialist Risk Group (SRG) has acquired the renewal rights from Morton Insurance Brokers, a firm known for its expertise in private hire and taxi insurance since 1987. This acquisition is not merely a transaction
The recent significant fine imposed on Uber Technologies, Inc. by the Dutch Data Protection Authority (DPA) highlights the severe consequences for multinational companies that neglect the European Union's strict data privacy regulations. On August 26, 2024, Uber was penalized €290 million ($324
Tennessee is emerging as a front-runner in the captive insurance industry, boasting impressive growth and fostering innovation. Captive insurance, a specialized form of self-insurance where companies insure their own risks, has found a nurturing environment in Tennessee. But what are the secrets
Indonesian insurtech company PasarPolis has experienced remarkable growth since its inception in 2019, doubling its revenue and rewriting the insurance playbook in Southeast Asia. The company has sold nearly one million policies across Thailand and Vietnam while recording a stunning Gross Written
The recent Q2 2024 financial reports from major European reinsurers like Swiss Re, Munich Re, Hannover Re, and Scor paint a picture of profitability, particularly in the Property & Casualty (P&C) sector. However, a deeper dive into these numbers suggests potential underlying challenges that could
The insurance industry has always been in pursuit of greater efficiency and seamless client experiences. In a strategic move to escalate these objectives, Howden, a renowned global insurance intermediary group, has joined forces with FullCircl, a progressive software provider. This powerful
Australia's largest insurance companies are facing mounting criticism for significantly raising premiums while posting record profits, leading to accusations of price gouging and contributing to inflation. In a climate where many Australians are already grappling with rising living costs, these
The financial services landscape is witnessing significant technological advancements, and companies are increasingly leveraging advanced platforms to streamline their operations. One notable example of this trend is Jetty, a financial services company focusing on making home renting more
In a significant milestone for Millennial Specialty Insurance, LLC (MSI), the independent managing general agency successfully surpassed $1 billion in in-force written premiums during the second quarter of 2024. This extraordinary achievement underscores MSI's commitment to excellence, highlighting
Amid the swelling concerns over the impacts of climate change, the insurance industry is increasingly turning to innovative solutions to manage the financial consequences of natural disasters. One such solution gaining traction is parametric reinsurance, a product designed to offer streamlined and
