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Category: Risk Management

Risk Management


Financial, InsurTech, Risk Management

Insurtech Root Inc. Results Improve but Remain at a Net Loss

February 22, 2024

Via: Insurance Journal

Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and […]


Financial, Risk Management

Zurich adds $300m top cat layer for Europe to 2024 reinsurance arrangements

February 22, 2024

Via: Reinsurance News

European re/insurer Zurich has made some adjustments to its reinsurance coverages for 2024 with the addition of a new $300 million top catastrophe layer to its Europe all perils tower, while the retention on its U.S. all perils tower has […]


Financial, Risk Management

UAE insurance industry shows signs of growth and improvement: Fitch

February 21, 2024

Via: Reinsurance News

In the latest report by Fitch Ratings, the insurance industry in the United Arab Emirates (UAE) is depicted as steadily advancing, with notable improvements in various sectors. Despite facing challenges in 2022, particularly in the motor insurance segment, the industry […]


Financial, Risk Management

New cat bond supply, allocator rebalancing helped stabilise pricing in Q4: Aon

February 19, 2024

Via: Artemis BM

The catastrophe bond market saw a more stable pricing environment in the fourth-quarter of 2023, as the trend towards tighter pricing that had begun earlier in the year slowed down, Aon Securities has said. In the latest report from the […]


Financial, Risk Management

Swiss Re’s alternative capital fee income rises 68% to $195m in 2023

February 16, 2024

Via: Artemis BM

Swiss Re’s specialist insurance-linked securities (ILS) and third-party reinsurance capital management division, Alternative Capital Partners (ACP), has reported a 68% increase to its fee income earned for the full-year 2023, reaching $195 million. With third-party investor assets under management (AUM), […]


Cyber Risks, Risk Management

CyRisk launches Privacy Risk Insights Underwriting platform for cyber insurance industry

February 15, 2024

Via: Reinsurance News

CyRisk, an innovator in cyber risk management and data analytics, has introduced its latest solution, the Privacy Risk Insights Underwriting platform. Designed to meet the escalating demands of the cyber insurance sector amid a surge in privacy claims, this state-of-the-art […]


Geo-Political, Risk Management

AM Best Says Losses from California Storms Largely Uninsured, Underinsured

February 9, 2024

Via: Insurance Journal

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, […]


Geo-Political, Risk Management

Wisconsin Governor Declares Flood Insurance Awareness Week

February 7, 2024

Via: Insurance Journal

Wisconsin Governor Tony Evers has proclaimed February 4-10, 2024, Flood Insurance Awareness Week in Wisconsin to recognize the state’s increasing flood risk and the importance of having appropriate insurance coverage. “Now is the time to prepare for spring flooding and […]


Risk Management, Trends

Viewpoint: 5 Global Insurance Trends You Need to Know About in 2024

February 6, 2024

Via: Insurance Journal

In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber threats, to the evolving role of insurers as societal safety nets, the industry is on the brink […]


Financial, Risk Management

What’s happening to global commercial insurance rates?

February 6, 2024

Via: Insurance Business

Marsh has released the latest edition of its Global Insurance Market Index, the broking giant’s proprietary measure of global commercial insurance rate change at renewal. According to Marsh, global commercial insurance rates increased by 2% in the fourth quarter of […]


Financial, Risk Management

Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best

February 1, 2024

Via: Insurance Journal

The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. […]


Financial, Risk Management

J.D. Power says drivers are giving in to higher insurance premiums

January 31, 2024

Via: Repairer Driven News

The last quarter of 2023 insurance shopping results began to confirm that consumers are getting used to the idea of higher auto insurance premiums, though slowly, according to J.D. Power. In its Q4 loyalty indicator and shopping trends (LIST) report, […]


Cyber Risks, Risk Management

Global Ransomware Attacks Reach Record High in 2023, Says Corvus

January 31, 2024

Via: Insurance Journal

Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak […]


Financial, Risk Management

Insurers start seeing profit, continue rate hikes

January 30, 2024

Via: Repairer Driven News

Progressive netted $1.9 billion in Q4 2023, a 141% increase from the $826.4 million the company netted in Q4 2022, according to the company’s December earnings release. The company’s net income for 2023 is $3.9 billion, more than a 400% […]


Risk Management, Trends

What Is Private Placement Life Insurance?

January 30, 2024

Via: JD Supra

Market volatility and heightened tax uncertainty have caused increased interest in private placement life insurance (PPLI) in recent years. However, those same factors have led to increased scrutiny for high-net-worth families. In this blog, we’ll examine what PPLI covers, how […]


Financial, Risk Management

Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance

January 29, 2024

Via: Insurance Journal

An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they’ve paid for has closed the biggest European climate-focused seed funding round in more than a year. CarbonPool raised 10.5 […]


Financial, Risk Management

Climate Change Poses Significant Risk for South African Insurers: Old Mutual

January 29, 2024

Via: Insurance Journal

Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said. After staying almost flat in the decade to 2020, […]


Financial, Risk Management

62% of US insurers willing to take more investment risk in 2024: Conning survey

January 29, 2024

Via: Reinsurance News

62% of US insurers have said that they are willing to take more investment risk in 2024, even with concerns rising in regards to election year politics, fiscal/monetary policy, persistent inflation and volatility, according to a recent survey sponsored by […]


Risk Management, Trends

Parametric insurance a valuable addition to climate risk management landscape: WRMS

January 25, 2024

Via: Reinsurance News

Parametric insurance is said to be significantly disrupting and complementing traditional insurance models across the climate industry, by offering innovative solutions that address the shortcomings of conventional approaches. In the face of climate-related risks, assessing and quantifying damages accurately can […]


Financial, Risk Management

Signs of stabilisation in US property excess-of-loss (XoL) reinsurance: Conduit Re

January 25, 2024

Via: Artemis BM

While reporting a strong January 1st 2024 reinsurance renewals, at which it grew its premiums written by 38%, pure-play Bermuda reinsurer Conduit Re has also highlighted some signs of the moderating market environment in US property risks, particularly in excess-of-loss […]