The world of casualty insurance is facing intense scrutiny as executives grapple with new and evolving challenges. From concerns over reserving amid the soft-market years to the rising phenomena of social inflation and legal-system abuse, the industry is in a state of flux. This article compiles
Coalition, an active insurance provider, has launched Coalition Re, a new cyber reinsurance intermediary that promises to revolutionize the reinsurance market with cutting-edge technology and expertise. The introduction of Coalition Re aims to address existing gaps and misconceptions in the cyber
The property insurance sector is witnessing a groundbreaking shift with the introduction of the Client Edge Facility. This initiative, a collaborative effort between WTW, Canopius US Insurance, Inc., and Verita Capital Solutions, promises to address complex property risks with unprecedented
In the rapidly evolving automotive industry, the integration of data analytics and Internet of Things (IoT) technologies promises a significant transformation in how insurance companies operate. One of the most groundbreaking collaborations is between Liberty General Insurance Berhad (Liberty) and
The rapidly evolving landscape of underwriting and risk assessment is transforming the insurance industry, necessitating that industry players stay ahead of the curve to maintain a competitive edge. As technological advancements reshape risk management and decision-making, insurers are experiencing
Over recent years, brokers in the non-standard insurance market have faced increasing costs, particularly within the home and motor insurance sectors. Prestige Underwriting conducted a survey revealing that 70% of brokers noticed a growth in claims costs, with 31% admitting that the rise was more
