Tag: insurance industry

Capital and Risk, Insurance

Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re

July 26, 2021

Via: Insurance Journal

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s chief Americas economist […]

Activity, Insurance

The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone

August 6, 2020

Via: Insurance Journal

Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive customer experience. Led by ambitious entrepreneurs from […]

Activity, Insurance

Life Insurance Sales Face Double Digit Sales Declines

June 9, 2020

Via: PR Newswire

Wink, Inc. released the first quarter, 2020 life sales results in its 91st edition of Wink’s Sales & Market Report. Wink’s Sales & Market Report is the insurance industry’s #1 resource for life insurance sales data, since 1997. Non-variable universal […]

Activity, Insurance

Boosting Resilience to U.S. Wildfires Should Be Insurance Industry Priority: I.I.I.

November 6, 2019

Via: Insurance Journal

Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information Institute (I.I.I.). “While our research has […]

Activity, Insurance

What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry

December 22, 2017

Via: Insurance Journal

Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C corporations will […]

Activity, Insurance

Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint

October 31, 2017

Via: Insurance Journal

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to […]

Activity, Insurance

SCC Names White as New Virginia Commissioner of Insurance

September 29, 2017

Via: Insurance Journal

The State Corporation Commission (SCC) in Virginia has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on Jan. 1, 2018, […]

Activity, Insurance

AIG Plummets on Unexpected $5.6 Billion Reserve Charge

February 16, 2017

Via: TheStreet

American International Group (AIG)  plummeted Wednesday after reporting a larger-than expected quarterly loss, but the insurer says it’s still on track to return $25 billion in capital to shareholders by the end of December. Shares of the New York-based insurer slid […]

Activity, Insurance

Severe U.S. Weather During January Cost Insurers More Than $1B: Aon

February 9, 2017

Via: Insurance Journal

Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The most […]

Activity, Insurance

How the Insurance Industry can Leverage the Potential of IoT

September 23, 2016

Via: Finextra

A recent report from TCS shows that the insurance industry is expected to spend $102.9million on IoT-related technology and solutions in 2018 alone, up from $77.7million in 2015. This huge growth in investment demonstrates the financial potential of untapped data, […]

Activity, Insurance

Catastrophe bonds shake up insurance industry

August 8, 2016

Via: Market Watch

Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of disasters such as hurricanes and earthquakes. Today, like the very storms they protect against, catastrophe bonds are upending the insurance business. The oddball securities […]