Month: August 2024

Lack of Reinsurance Posing a Threat to US Insurers, Policyholders The reinsurance landscape in the United States is facing unprecedented challenges, creating uncertainty for insurers and policyholders alike, according to a recent report by Demex. The increasing payouts for severe convective storms (SCS) are stretching the capacities of reinsurers, leading to heightened risks for primary […]

Marsh Launches Comprehensive Insurance Solution for Global CCS Projects Marsh, a global leader in insurance brokering and risk management, has unveiled a groundbreaking insurance solution specifically tailored for global Carbon Capture and Storage (CCS) projects. This innovative initiative addresses critical insurance limitations in the burgeoning CCS industry, promoting sustainability and risk mitigation. But beyond its […]

Global demand for health reinsurance is on the rise, and a newly released report sheds light on the factors contributing to this growth. This comprehensive analysis not only explores the expanding segment of health reinsurance but highlights the pertinent role life insurance is slated to play in this evolving landscape. Life Insurance: An Essential Component […]

Fronting Market to Face More Complexities Despite Strong Reinsurance Support – Conning The fronting market is bracing for increased complexities despite the sturdy backing of reinsurance, according to Conning’s latest report. The firm’s managing director emphasized that the ever-evolving business landscape often requires additional layers of protection, including various forms of life insurance. Life Insurance […]

“`html Cyber Insurance: A Market of Constant Change In the rapidly evolving landscape of cyber insurance, professionals are continuously adapting to new challenges and opportunities. A top wholesale broker has recently shared insights into why she chose the cyber insurance field and where she sees potential for growth. However, another area of insurance that offers […]

Arch MI Secures New Indemnity Reinsurance In a significant development for the mortgage insurance sector, Arch Mortgage Insurance Company (Arch MI) has announced the successful acquisition of a new indemnity reinsurance agreement. This measure is set to cover an estimated $30.5 billion in mortgages, a notable bolstering of their financial security mechanisms. Enhancing Financial Security […]

PCF Insurance Services Acquires Asset Insurance Agency Team In a strategic move to expand its footprint and enhance its service offerings, PCF Insurance Services has acquired the team from Asset Insurance Agency. This acquisition aligns with PCF Insurance’s ambitious yearly target, marking a significant milestone in their growth strategy. Broader Implications for Life Insurance Policyholders […]

Burns & Wilcox Expands Flood Insurance Options: Life Insurance Benefits Also Highlighted Burns & Wilcox, a leader in specialty insurance, has announced the expansion of its flood insurance support. Starting now, clients will have access to a new product available through the company’s automated platform. This move aims to provide customers with a broader range […]

Environmental Insurance Remains Strong Amidst Underwriting Challenges Despite facing major underwriting scrutiny, the environmental insurance sector continues to show resilience. Industry experts emphasize the importance of brokers who can accurately assess the true value of coverage. However, what often goes unnoticed is the integral role life insurance plays in providing comprehensive financial security, offering various […]

Life Insurance Underwriting Process Sees Significant Improvement The life insurance industry is witnessing notable advancements in its underwriting processes, according to a recent report. Data collected from 50 million respondents between 2018 and 2022 has been instrumental in driving these improvements. Enhanced Accuracy and Efficiency “The new underwriting procedures are more accurate and efficient than […]