Business

PICC Property and Casualty Struggles with Expenses Amid Revenue Rise
Insurance PICC Property and Casualty Struggles with Expenses Amid Revenue Rise

The first half of 2024 brought mixed financial results for PICC Property and Casualty (HKG:2328), a major player in the Hong Kong insurance market. While the company reported a 4.5% year-over-year increase in revenue, reaching CN¥242.4 billion, it experienced a significant decline in net income.

September 19, 2024
How Does Bikmo’s Partnership with ACT Benefit Cycling Businesses?
Insurance How Does Bikmo’s Partnership with ACT Benefit Cycling Businesses?

Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs

September 19, 2024
What Are the Risk Pricing Trends for Industrial Insurance in 2025?
Insurance What Are the Risk Pricing Trends for Industrial Insurance in 2025?

mamaAs the industrial insurance sector prepares for the 2025 renewal season, the landscape appears varied and complex. Insight from MRH Trowe, a leading broker in the field, reveals nuanced perspectives on risk pricing trends across different types of insurance. This article explores these trends

September 16, 2024
Latest Trends in Asset Servicing: Tech, Regulation, and ESG
Insurance Latest Trends in Asset Servicing: Tech, Regulation, and ESG

In the ever-evolving landscape of global asset servicing, staying abreast of the latest industry trends, regulatory changes, and technological advancements is vital for professionals. The asset servicing sector, encompassing a range of services from custody and settlement to fund administration and

September 11, 2024
Insurance Sector's Wake-Up Call: Lessons from CrowdStrike Update Crisis
Risk Management Insurance Sector's Wake-Up Call: Lessons from CrowdStrike Update Crisis

The recent debacle stemming from CrowdStrike's July 19, 2024, software update has sent shockwaves across multiple industries, revealing stark vulnerabilities within global business operations. Notably, this incident underscores the urgent need for the insurance sector to reassess, modernize,

September 11, 2024
How Is CorVel Revolutionizing Claims Management with AI in 2024?
Insurance How Is CorVel Revolutionizing Claims Management with AI in 2024?

In the rapidly evolving landscape of claims management, CorVel Corporation has made significant strides by integrating advanced technologies like generative AI into their processes. Recognized for its innovation and effective collaborations, CorVel has positioned itself as a leader in transforming

September 10, 2024
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