Year: 2024

Artex on the State of the Global Reinsurance Market The recent transitions of 2023 have introduced substantial changes in the risk appetite within the global reinsurance market, according to Artex CEO, Peter Muir. As economic uncertainties rise globally, insurers and reinsurers are finding new ways to mitigate potential risks while keeping premiums controlled. “We’ve noted […]

John Hancock Adds Whole-Body MRI Discounts to Wellness Program John Hancock has announced a new benefit for its life insurance policyholders, incorporating a discount on the Prenuvo whole-body MRI scan into its Vitality wellness incentive program. This move aims to encourage healthier lifestyles and early detection of potential health issues among its insureds aged 18 […]

Heightened Scrutiny Around Funded Reinsurance and Life Insurance: Unraveling the Justification The insurance sector has witnessed increased attention towards the practice of funded reinsurance, raising questions on its necessity and impact. S&P Global offers insights on the phenomenon creating ripples in the segment. Funded Reinsurance: A Closer Look Funded reinsurance, a financial arrangement that involves […]

ABIR Member Companies to Host Over a Hundred Summer Interns AXIS Capital, Arch Capital Group Ltd., and other member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) are set to offer summer internship opportunities to over a hundred Bermudian students. This initiative aims to provide valuable re/insurance industry experience to the interns, equipping […]

Insurance Business Recognizes Top Performers in Claims for 2024 Insurance Business has announced the standout performers in the United States insurance claims sector for the year 2024. Brokers conducted rigorous assessments focusing on several vital performance metrics. Life Insurance: A Critical Safety Net Among the top performers, life insurance providers have been particularly commended. Financial […]

The Rise of Environmental Insurance in a Climate-Conscious World In an era where climate consciousness is at its peak, environmental insurance has become a crucial element in safeguarding against pollution and forever chemicals. The increased awareness of environmental risks has led to a surge in demand for comprehensive environmental insurance policies. Life Insurance: More than […]

Americans’ Understanding of Insurance Coverage: The Role of Life Insurance Recent surveys indicate that a majority of Americans believe they understand their insurance coverage, but industry experts are raising eyebrows at this confidence. Notably, the realm of life insurance, encompassing diverse sub-categories like Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance, often remains complex for many […]

The Advantages of the Hybrid Fronting Model in Life Insurance The hybrid fronting model has been gaining attention in the life insurance sector, offering a blend of benefits that make it a compelling option for individuals and businesses alike. This innovative approach combines traditional life insurance with reinsurance, providing a robust framework that adapitates to […]

Rising Claims Costs and Market Pressures in Aviation Insurance: Navigating Through 2024 The aviation insurance industry is grappling with escalating claims costs and market pressures, presenting challenges for stakeholders. Leaders in the field highlight the necessity for strategic planning and robust insurance policies to weather these turbulent times. Impact on Life Insurance Policies Significant market […]

Unlocking the Future of Insurance in the Dynamic Construction Industry The commercial construction industry is rapidly evolving, introducing new risks and opportunities that call for comprehensive insurance strategies. Life insurance emerges as a key player, providing a safety net not only for individuals but also for businesses navigating these complexities. Recent insights shed light on […]