In a significant development within the UK's insurance sector, David Otudeko has recently been appointed as the Director of Regulation at the Association of British Insurers (ABI). This promotion comes after Otudeko served as Assistant Director and Head of Prudential Regulation since June 2021 and
Recent reforms in Florida's insurance market have marked significant strides, attracting capital investments, establishing new insurance companies, and stabilizing reinsurance pricing. Kevin McCarty, former Florida Insurance Commissioner, has highlighted these positive trends as evidence of
ZestyAI has significantly impacted the insurance landscape by enabling carriers and insurers of last resort to extend coverage to properties that were previously considered uninsurable. In the current year alone, the company has facilitated the coverage of over 511,000 such properties. This
Heinrich Grabner, Managing Partner for Asia Pacific at 1291 Group, led a comprehensive discussion during the Hubbis Digital Dialogue on April 3, delving into the increasing interest in Private Placement Life Insurance (PPLI) solutions among high-net-worth (HNW) families throughout Asia. His vast
In recent years, California has faced extensive damage from wildfires, prompting discussions about the future of property insurance in the state. One significant development was State Farm's request to raise property insurance rates by as much as 38%. This request became the focal point of a public
The financial landscape for life insurance companies has drastically shifted since the 2008 financial crisis. The once-reliable strategy of depending on long-term bonds to match policy obligations has faced significant challenges due to historically low interest rates. As a result, insurers have
