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
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
The United States faces a growing challenge in securing affordable flood insurance as severe weather events become more frequent due to climate change. Flooding no longer threatens only coastal areas but increasingly impacts urban and inland regions. The result is a widening insurance protection
London's insurance sector is undergoing a significant transformation, spearheaded by the rapid rise of Insurtech. This shift is dramatically affecting hiring patterns and job market dynamics within the industry. Recent reports from Lloyd's of London indicate the most favorable underwriting
The insurance sector in the United Kingdom and Ireland has demonstrated remarkable financial growth over the past year, as detailed in Lane Clark & Peacock's (LCP) eighth annual Solvency II review. This comprehensive study scrutinizes data from 100 of the largest non-life insurers in the region,
The increasing acknowledgment of climate change's impacts has spurred industries and investors to seek out innovative solutions for managing associated risks. Addressing this demand, Howden has launched its pioneering Resilience Laboratory in collaboration with Microsoft, marking a significant
