Industry News
Results Too Good? Swiss Re Boosts Reserves ~$1B Amid Surprises
Lower than expected catastrophe losses in the second quarter helped fuel nearly $1 billion in net profit for Swiss Re during the period, and a 16 percent jump in profit to $2.1 billion for the first ...
Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off Coast of Sicily
Hiscox Ltd. issued a statement confirming that the insurer's chair, Jonathan Bloomer, and Bloomer's wife, Judy, died in the tragic sinking of the yacht Bayesian off the coast of Sicily on Monday, ...
Tech Surpasses Price as Driver of Policy Selection for Weather-Related Coverage
Consumers prioritize comprehensive coverage and technological capabilities over cost, so much so, that they are willing to switch providers or pay higher premiums for better claims experiences during ...
The Latest Launches From ZestyAI, Ascend, Clearcover
ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, unveiled its newest solution to address interior water risk. Z-WATER is an AI-powered model ...
Latest Industry Employment Report Forecasts Modest Job Growth
The latest iteration of the Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group and Aon, a global professional services firm, found that 86 percent of respondents intend to ...
Top 5 Technology Predicaments Facing Insurance Leaders
As insurers look for ways to navigate evolving risks, some have pinned their hopes on generative AI (GenAI) as a quick fix. But allegations of faulty algorithms rendering unfair denials have fueled ...
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of ...
USAA President, CEO Peacock Retiring in 2025
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter ...