Month: November 2024

Swiss Re L&H CEO on the “Crashing Waves” Impacting the Life Insurance Market Swiss Re’s Life & Health Reinsurance CEO, Andreas Berger, emphasized the importance of adapting to the rapidly changing landscape in the life insurance market. Speaking at a recent industry conference, Berger detailed the “crashing waves” that are challenging traditional insurance frameworks and […]

Bermuda Boosts Captive Domicile with New Licenses in 2024 In a significant development for the re/insurance sector, Bermuda has approved more than 50 new re/insurance entities for the upcoming year. This move is poised to make Bermuda an even more attractive destination for captive insurance companies, providing a robust platform for various types of insurance, […]

Hamilton Re Launches Credit and Political Risk Reinsurance Segment Hamilton Re has announced the launch of a new credit and political risk reinsurance segment, which aims to enhance their global capabilities and specialty reinsurance portfolio. This strategic move is anticipated to fortify Hamilton Re’s position in the global reinsurance market by addressing the growing demands […]

Spain’s CCS Aids Re/Insurance Stability Amid Climate Risks With the increasing occurrence of natural catastrophes, the role of Consorcio de Compensacion de Seguros (CCS) in Spain is becoming even more crucial in providing stability to the reinsurance market. According to Fitch Ratings, the CCS’s involvement is instrumental in mitigating losses stemming from climate risks. Flood […]

The Importance of Life Insurance in a Growing Commercial P&C Insurance Market As the commercial property and casualty (P&C) insurance market continues to expand, industry experts emphasize that insurers cannot rely solely on today’s hard cycle to drive growth. While the hard market presents opportunities, a more diversified approach, incorporating different aspects of life insurance, […]

John Hancock Introduces Apple Watch Incentive to Boost Health and Wellness for Life Insurance Customers In a groundbreaking move to promote health and wellness among its life insurance clientele, John Hancock is introducing the latest Apple Watch models—Series 10, SE, and Ultra 2—through its Vitality Program. This innovative initiative aims to encourage policyholders to lead […]

Strategic Insights on Cyber Insurance for 2025: Future-Proofing Your Coverage As we approach the increasingly digitalized landscape of 2025, the importance of robust cyber insurance has never been more paramount. Recent developments and emerging coverage innovations are setting the stage for a transformative era in the insurance sector. But beyond cyber insurance, individuals and businesses […]

Tokio Marine Embraces Cautious Strategy Amid Growing Specialty and Cyber Insurance Markets In an era where the digital sphere increasingly dominates daily life, the demand for specialty and cyber insurance has never been higher. Tokio Marine, renowned for its prudent approach, continues to navigate this expanded landscape with a calculated strategy. Head of Tokio Marine’s […]

NAIC Highlights AI Challenges in Health Insurance Sector: Implications for Life Insurance Policies The National Association of Insurance Commissioners (NAIC) has recently spotlighted the pressing challenges posed by Artificial Intelligence (AI) in the health insurance sector. Consumer advocates are voicing concerns, urging for more robust oversight to ensure fairness and transparency. This rising apprehension also […]

John Hancock Offers Latest Apple Watch Models to Eligible Life Insurance Customers John Hancock, a prominent life insurance provider, has announced a new initiative to offer the latest Apple Watch models to eligible life insurance policyholders. This move is part of John Hancock’s ongoing strategy to integrate modern technology with their insurance products, enhancing the […]