The landscape of income protection insurance is witnessing a significant transformation as young adults in the UK, particularly those aged 25 to 34, emerge as the leading demographic driving growth. This shift is largely influenced by economic instability and mounting health concerns. Let’s delve
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 Duck
The appointment of Mao Dong as Co-Head of Portfolio Management at PGIM Multi-Asset Solutions (PMA) signals a pivotal moment for the company as it continues its rapid expansion and deepens its expertise in multi-asset investments. Dong, who joined from Goldman Sachs Asset Management, brings a wealth
Recent data from Petplan, the UK's leading pet insurer, has highlighted an alarming trend in obesity-related claims, including arthritis, heart disease, and diabetes. The company paid out over £50 million in claims for cats and dogs with arthritis from 2020 to 2023, underscoring the need for
The article delves into the significant rise in cyber insurance claims resulting from ransomware and data breaches, particularly highlighting industry trends and mitigation strategies. The surge, primarily observed in the United States, underscores the growing complexity and severity of cyber
In recent developments within the power sector, the property and business interruption insurance market has undergone a significant shift. The market had previously endured a prolonged period of hard conditions, characterized by high premiums and limited capacity, largely due to substantial losses
