Month: July 2024

Transactional Liability Insurance – A Mainstay in M&A Transactions and the Role of Life Insurance Transactional liability insurance has become a fundamental component in mergers and acquisitions (M&A) over recent years. The utility of this insurance type in mitigating risks during these significant business transitions cannot be understated. However, as the business landscape evolves, it’s […]

Exploring the Cannabis Insurance Market: Insights and Opportunities As the cannabis industry continues to grow, so does the need for comprehensive insurance solutions. The burgeoning sector brings unique challenges and risks, making specialized insurance coverage more crucial than ever. The latest developments emphasize the importance of robust risk management strategies for businesses involved in the […]

Canal Insurance Establishes New Holding Firm Canal Insurance has announced the formation of a new holding company in a bid to enhance operational efficiency and drive innovation. This strategic move is expected to provide numerous benefits for policyholders, offering a fresh emphasis on life insurance policies and their varied applications. Life Insurance: A Cornerstone of […]

Is Re/Insurance Ready for the Gen AI Transformation? The insurance sector stands at the cusp of a significant transformation, driven by Generative Artificial Intelligence (Gen AI). Experts and industry leaders are closely examining how this advanced technology can reshape re/insurance operations, customer interactions, and policy underwriting. However, the discussion goes beyond these immediate applications, extending […]

TWIA Reports Worsening Rate Adequacy in Line with Rising Reinsurance Costs As rising reinsurance costs continue to strain the insurance industry, the Texas Windstorm Insurance Association (TWIA) has reported a notable deterioration in rate adequacy. According to a recent report by TWIA, the inadequacy of residential rates has grown by double digits, raising concerns among […]

American Integrity Insurance Announces Rate Reduction for Over 55,000 Customers In a groundbreaking move that signals positive change within the insurance sector, American Integrity Insurance has announced a significant rate reduction benefiting over 55,000 customers. This latest development is seen as a direct result of effective legislative reforms. Chief Operations Officer (COO) of the company […]

AXA XL Brings in COO for Americas Insurance Unit AXA XL has announced the appointment of a new Chief Operating Officer (COO) for its Americas insurance unit, a strategic move that aligns with a previously revealed restructuring plan. This new development is expected to have significant implications not just for the company but also for […]

Exploring Current Trends in Inland Marine Insurance: The Role and Benefits of Life Insurance As insurance experts delve deeper into the evolving landscape of inland marine insurance, it’s becoming increasingly clear that this sector is closely interwoven with various other insurance domains, particularly life insurance. Understanding these connections is crucial for both individuals and businesses […]

Howden Casts Spotlight on Life Insurance Opportunities Amidst Cyber Insurance Growth In a recent symposium, Howden, a leading insurance brokerage firm, unveiled promising prospects and growth opportunities in the field of cyber insurance, especially within non-US territories. However, amid this cyber-centric discussion, a parallel emphasis on life insurance emerged, highlighting the vital benefits this traditional […]

How Should Cyber Insurance Evolve for the Future? CEO on Solving a Crisis as a “Traditional” Approach Is Not Working As cyber threats become increasingly sophisticated, the need for a more evolved approach to cyber insurance is paramount. According to experts, the traditional methods of risk assessment and mitigation are failing to keep up with […]