Year: 2024

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 […]

Economist: Immigration-fueled GDP Growth About to End As the U.S. grapples with changing immigration patterns, experts are forecasting an imminent slowdown in the economic growth traditionally driven by new arrivals. According to a recent analysis on InsuranceNewsNet, the influx that once fueled the Gross Domestic Product (GDP) is nearing a critical juncture. This development is […]

WTW Introduces Enhanced Investment Management Insurance Solution Global advisory and broking company WTW has launched an upgraded investment management insurance solution. This new offering aims to address the diverse needs of asset managers, including those involved in real estate strategies. Life insurance can play a significant role in these new financial products, providing added security […]

Running the Numbers: Passion for Math Leads to Insurance Career When it comes to choosing a career path, a passion for mathematics can often lead individuals to the fascinating world of life insurance. This integration of mathematics and business offers not only a career but also various benefits, particularly in securing one’s financial future. The […]

RGA Inks Reinsurance Transaction with Korean Life Insurer In a landmark move, Reinsurance Group of America (RGA) has completed a reinsurance transaction with a leading Korean life insurance company. This development, announced on July 2, 2024, marks the first cross-jurisdictional coinsurance deal in the country—a significant leap forward for the life insurance sector. Enhancing Life […]