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Published on Nov 6, 2024

Insurers Turn to AI for Weather Risk as Storm Costs Surge

Property and casualty insurers are rapidly integrating artificial intelligence (AI) into their weather risk assessment processes as losses from extreme weather events continue to mount, according to new research from ZestyAI, a climate and property risk …

Source: InsurTech Magazine - Neutral
Published on Nov 6, 2024

Government bodies eschew cyber insurance

A series of Freedom of Information requests made by Apricorn to local councils and government departments across the UK point to a low take-up of cyber insurance. The data reveals that just two of the 41 local councils questioned have a cyber insurance …

Source: Continuity, Insurance & Risk Magazine - Uncategorized
Published on Nov 6, 2024

Alkhaleej Takaful Insurance: results to 30 September 2024

For the first three quarters of 2024, Alkhaleej Takaful Insurance recorded a turnover of 373.039 million QAR (101.3 million USD). Premium volume increased by 46% compared with the 256.337 million QAR (69.9 million USD) posted at end-September 2023. Net …

Source: Atlas Magazine - Uncategorized
Published on Nov 6, 2024

Trump’s return turns the tables for US health insurers

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Healthcare spending may not have taken centre stage as an issue during this year’s presidential campaign. But for US health insurers …

Source: The Financial Times - Neutral
Published on Nov 6, 2024

Quarter of insurers using AI for storm risk assessments

One in four insurers now utilise AI for convective storms and 18% for wildfires. However, stochastic models remain the most popular approach for storms with 45% saying it is their go to tool and traditional actuary models based on historical data are …

Source: Life Insurance International - Label Pending
Published on Nov 6, 2024

Pacific Life Re and Kakao Pay Insurance partner

Pacific Life Re and Kakao Pay Insurance have signed a memorandum of understanding to release sustainable and innovative life insurance solutions in South Korea. The companies will co-develop app-exclusive health insurance products and solutions to …

Source: Life Insurance International - Label Pending
Published on 00:06 GMT

Healthcare Insurers Take Note: New Federal Whistleblower Program is Coming for You

New Corporate Whistleblower Awards Pilot Program incentivizes the reporting of corporate misconduct with the whistleblower possibly receiving upwards of $30 million Healthcare insurance fraud schemes are one of the focuses of the program The program …

Source: JD Supra - Label Pending
Published on Nov 6, 2024

Alberta Insurance Regulator Considers When Automobile Extended Warranty, Dealer Loyalty and Similar Products are ...

On October 10, 2024, the Alberta Superintendent of Insurance issued Interpretation Bulletin 05-2024 (“Bulletin”) on the insurance regulatory treatment of motor vehicle warranty contracts, dealership loyalty programs and vehicle protection products. In an …

Source: JD Supra - Label Pending
Published on Nov 6, 2024

Buyer friendly conditions continue as insurers focus on growth: Aon

Buyer friendly conditions for insurance buyers in North America continued through the third quarter of 2024, accelerating in key areas as insurers seek to achieve year-end growth, Aon has revealed in its recent North America Market Overview for Q3. In its …

Source: Reinsurance News - Neutral
Published on Nov 6, 2024

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on Nov 6, 2024

Trump 2.0: How a potential 15% corporate tax and trade policies could reshape the re/insurance sector

With Donald Trump’s imminent return to the White House, re/insurers are now reconsidering the policies that shaped his first presidency and preparing for the potential impacts on the sector. Trump’s “America First” agenda is expected to re-emerge in …

Source: Reinsurance News - Neutral
Published on Nov 6, 2024

Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks

Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in …

Source: Insurance Journal - Neutral
Published on Nov 6, 2024

Medicare Advantage Costs Surge: How These 2 Insurers Are Thriving

Health insurers have been getting a lot of heat surrounding the rising costs of Medicare Advantage (MA) plans. Companies like CVS Health Corp (NYSE:CVS) have seen their medical benefits ratio (MBR) continue to rise, forecasting 90.8%, driven by the rising …

Source: Investing - Neutral
Published on Nov 6, 2024

Rival insurers shake off hit from US hurricanes

The devastation caused by recent hurricanes and storms in the United States, Canada and Europe is expected to inflict losses of as much as $315 million on two leading players in the Lloyd’s of London insurance market. Beazley said on Wednesday that its …

Source: The Times - Center-right
Published on Nov 6, 2024

What Trump’s victory means for Canada’s insurance sector

Following his U.S. presidential election win on Nov. 5, Donald Trump’s return to the White House will have a broad-sweeping impact on Canada’s trade, economics, and, inevitably, insurance, industry sources tell Canadian Underwriter. Sources suggest a …

Source: Canadian Underwriter - Label Pending
Published on Nov 6, 2024

One Million+ Patients Lose Coverage as Insurers, Hospitals Drop Medicare Advantage

Libby and Andrew Potter usually ignore the avalanche of Medicare Advantage ads that land in the mailbox at their home in Huntsville, Alabama, each fall as Medicare’s open enrollment period begins. Libby, a retired middle school librarian, has what she …

Source: Cancer Health - Label Pending
Published on Nov 6, 2024

North Carolina Insurance Commissioner Causey Elected to Third Term

North Carolina Insurance Commissioner Mike Causey was reelected to a third term, gaining 52% of the vote to Democratic opponent Natasha Marcus’ 48%. Causey News reports and the Associated Press indicated that, by early Wednesday, Causey had picked up …

Source: Insurance Journal - Neutral
Published on Nov 6, 2024

Evergrande’s Insurance Arm Taken Over by New State-Owned Insurer

China’s financial regulator Friday approved the takeover of the insurance arm of embattled property giant China Evergrande Group by a newly created state-owned insurer. Haigang Life Insurance Co. Ltd. will assume all of the assets and liabilities of …

Source: Caixin - Uncategorized
Published on Nov 6, 2024

Motorists urged do three things to guarantee lower insurance in 2025

UK drivers have been urged to do three things that will guarantee they'll have lower insurance premiums in 2025. The advice has been issued by InsureDaily. It comes after insurance premiums have risen over the past year, putting a strain on drivers…

Source: Birmingham Live - Neutral

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Published on November 6, 2024 - 11:00 GMT

MIC Global partners with VOOM Insurance to Reinsure Rideshare Business

This new strategic collaboration aims to revolutionize how rideshare drivers in the USA access personal insurance, through affordable, usage-based coverage. NEW YORK, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- MIC Global (MIC), a …

Distribution channels: Automotive Industry, Companies ...
Published on November 7, 2024 - 00:07 GMT

APRA consults on adjustments to its general insurance reinsurance framework

The Australian Prudential Regulation Authority (APRA) is consulting on targeted adjustments to its general insurance (GI) reinsurance framework. In response to reinsurance market developments and industry feedback, APRA is seeking to promote access to all …

Distribution channels: Banking, Finance & Investment Industry

Published on November 6, 2024 - 21:05 GMT

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2024

Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 6, 2024 and Announces their 2024 Virtual Investor Day at 11:00 A.M. ET on December 4, 2024 The information in this press release should be read in conjunction with an earnings …

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Published on November 6, 2024 - 07:47 GMT

Fire Insurance Market Set to Surpass USD 120.49 Billion with Robust 11.9% CAGR by 2028

Fire Insurance Market Set to Surpass USD 120.49 Billion with Robust 11.9% CAGR by 2028 NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Fire insurance providers have an immense potential to expand products and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on November 6, 2024 - 07:46 GMT

Key Drivers in Event Insurance Market Propel Growth to USD 2.3 Billion by 2032 | Projected CAGR of 12.7%

Key Drivers in Event Insurance Market Propel Growth to USD 2.3 Billion by 2032 | Projected CAGR of 12.7% NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Event …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 13:00 GMT

4.5 STAR-Rated SCAN Health Plan Named to U.S. News Best Insurance Companies for Medicare Advantage in California and ...

LONG BEACH, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, was named to U.S. News & World Report’s 2025 list of the Best Medicare Advantage …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...
Published on November 6, 2024 - 18:00 GMT

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on November 6, 2024 - 16:15 GMT

FOCUS Recognized in PC360’s 2024 Insurance Luminary List

SUNRISE, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- FOCUS, a provider of cloud-based, core administration solutions and services that are taking the risk out of insurtech for property and casualty (P&C) insurers and managing general agencies (MGAs), is …

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Published on November 7, 2024 - 00:16 GMT

Your Guide to NYC Real Estate: Property Records of New York Offers Online Property Profile Reports

NEW YORK CITY, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Property Records of New York is revolutionizing the property research landscape for New Yorkers by offering detailed property profile reports, also known as property history …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on November 7, 2024 - 00:00 GMT

VisionTech Parners with KTCj Solutions to Expand Innovative Technology Solutions in Malaysia

KUALA LUMPUR, MALAYSIA, November 7, 2024 /⁨EINPresswire.com⁩/ -- VisionTech Pte Ltd (VisionTech), a Generative AI company focused on developing solutions for governments, Enterprises and SMEs today announced a strategic partnership with KTCj …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 20:24 GMT

Balfour Capital Group Launches New Derivatives Trading Division in Partnership with Boos Investments Sarl

Expanding Global Footprint in Futures and Options to Serve Diverse Institutional Needs HONG KONG, November 6, 2024 /⁨EINPresswire.com⁩/ -- Balfour Capital Group, in collaboration with Boos Investments Sarl, is thrilled to announce the …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 17:00 GMT

Tom Sawyer Software Announces Release of Explorations 1.1

New Features Enhance the Data Investigation Workflow BERKELEY, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Tom Sawyer Software, the leader in graph and data visualization and analysis technology, announces the release of Tom Sawyer …

Distribution channels: Banking, Finance & Investment Industry, Healthcare & Pharmaceuticals Industry ...
Published on November 6, 2024 - 15:00 GMT

Payroll Vault Expands In Phoenix Suburb

Payroll/HR Entrepreneur Purchases Franchise in Goodyear GOODYEAR, AZ, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Payroll Vault, the fastest growing, award-winning payroll franchise, announced today it has recently expanded with …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 14:30 GMT

Clements Heymondo highlights top 5 travel challenges American travelers have faced in 2024

Clements Heymondo’s App helped American travelers tackle 2024’s top challenges—from flight delays to theft—with 24/7 seamless support. NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- As American travelers eagerly embraced the …

Distribution channels: Culture, Society & Lifestyle, Insurance Industry ...
Published on November 6, 2024 - 13:00 GMT

4.5 STAR-Rated SCAN Health Plan Named to U.S. News Best Insurance Companies for Medicare Advantage in California and ...

LONG BEACH, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, was named to U.S. News & World Report’s 2025 list of the Best Medicare Advantage …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...
Published on November 6, 2024 - 11:00 GMT

MIC Global partners with VOOM Insurance to Reinsure Rideshare Business

This new strategic collaboration aims to revolutionize how rideshare drivers in the USA access personal insurance, through affordable, usage-based coverage. NEW YORK, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- MIC Global (MIC), a …

Distribution channels: Automotive Industry, Companies ...
Published on November 6, 2024 - 23:00 GMT

Duck Creek Technologies Selected to Deliver MDA National’s New Policy Admin, Billing and Data Solutions

SYDNEY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has been selected by MDA National (MDAN), an Australia-wide medical defence …

Distribution channels: Environment, Insurance Industry ...
Published on November 6, 2024 - 21:34 GMT

Enstar Shareholders Overwhelmingly Approve Sixth Street Acquisition

HAMILTON, Bermuda, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it received the necessary shareholder approval for its proposed acquisition by Sixth Street, with Liberty Strategic Capital, J.C. …

Distribution channels: Companies, Insurance Industry ...
Published on November 6, 2024 - 09:30 GMT

2% stamp duty increase causing buyers to back out and chains to collapse

The 2% increase for second property stamp duty is leading to a slowdown in pipeline purchases, resulting in application withdrawals and collapsed chains. UNITED KINGDOM, November 6, 2024 /⁨EINPresswire.com⁩/ -- In the Autumn budget announced on …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on November 6, 2024 - 21:12 GMT

Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend

GAAP Net Income of $181 million, or $1.15 per diluted share Adjusted Operating Income of $182 million, or $1.16 per diluted share Return on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8% Record Primary insurance in-force of $268 billion, …

Distribution channels: Business & Economy, Insurance Industry ...
Published on November 6, 2024 - 21:05 GMT

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2024

Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 6, 2024 and Announces their 2024 Virtual Investor Day at 11:00 A.M. ET on December 4, 2024 The information in this press release should be read in conjunction with an earnings …

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Published on November 6, 2024 - 18:45 GMT

SCOR - Proposed public offer for MRM: price adjusted

SCOR, a leading global reinsurer As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses …

Distribution channels: Insurance Industry, Media, Advertising & PR ...
Published on November 6, 2024 - 18:45 GMT

SCOR - Projet d’offre publique sur MRM : ajustement de prix

SCOR, un réassureur mondial de premier plan Réassureur mondial de premier plan, SCOR offre à ses clients une gamme innovante et diversifiée de solutions et de services de réassurance et d’assurance pour le contrôle et la gestion des risques. Fidèle à sa …

Distribution channels: Insurance Industry, Media, Advertising & PR ...
Published on November 6, 2024 - 18:00 GMT

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on November 6, 2024 - 05:15 GMT

Fadi Hajjar, Wavestore, Director of Sales, Canada, Talks About A Year of Success and Growth In The Canadian Market

"In The Boardroom™ on... SecuritySolutionsWatch.com" OTTAWA, ONTARIO, CANADA, November 6, 2024 /⁨EINPresswire.com⁩/ -- About Fadi Hajjar As Fadi Hajjar approaches his one-year anniversary as the Director of Sales for Canada at …

Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
Published on November 6, 2024 - 02:24 GMT

Los Angeles Rainy Season: A Cause For Concern For Motorcyclists

LOS ANGELES, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- As the weather in Los Angeles begins it's rainy season, there has been a concerning increase in motorcycle accidents. According to recent data from the Los Angeles Police …

Distribution channels: Companies, Emergency Services ...
Published on November 6, 2024 - 01:57 GMT

Harmony Junction Recovery introduces new Couples Rehab Programs in Orange County

Harmony Junction Recovery redefines couples' recovery with a dedicated Couples Rehab program in Orange County. LAKE FOREST, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- Harmony Junction Recovery is transforming the way couples …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on November 6, 2024 - 01:44 GMT

Stillwater Wellness Unveils New Addiction Treatment Programs for Alcohol Rehab in Orange County, California

Still Water Wellness transforms alcohol rehab in Orange County, offering top services for those seeking effective, compassionate care. ORANGE COUNTY, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- Still Water Wellness is reshaping …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...