Year: 2024

Life Insurance Uptake in China Bolsters Mortality Resilience The latest report from Swiss Re highlights a significant trend in China’s life insurance landscape. As life insurance take-up increases, it is not just individuals who benefit, but also the broader societal infrastructure. Although the uptake is still below pre-pandemic levels, Swiss Re forecasts a promising start […]

Florida Welcomes Ninth Property Insurance Carrier Since 2023 A new property insurance carrier has entered the Florida market, becoming the ninth such company to do so since 2023. As premiums continue to stabilize in the state, this development heralds a period of significant financial and emotional security for Florida residents. Stabilizing Premiums and Enhanced Security […]

La Niña Timing, Sea Surface Temperatures Critical for Hurricane Season – Aon Reinsurance Recent projections suggest that the upcoming hurricane season could be one of the most active in recent years. According to Aon Reinsurance, the timing of La Niña and sea surface temperatures will play a crucial role in the intensity and frequency of […]

Amwins Partners with Floodbase: Pioneering Flood Insurance for Golf Courses in the US Amwins, a noted specialty insurance broker, has teamed up with Floodbase to introduce a groundbreaking flood insurance program tailored specifically for golf courses in the United States. This innovative collaboration seeks to fill a notable gap in insurance coverage, providing golf courses […]

Evaluating the Top-Tier DE&I Programs in the Insurance Industry Life Insurance: A Vital Component of Inclusive Policies Insurance companies are increasingly being acknowledged for their robust Diversity, Equity, and Inclusion (DE&I) programs. Recent developments show that integrating life insurance into these initiatives not only benefits the workforce but also aligns with comprehensive DE&I strategies. “Our […]

US Legislators Query NAIC on Climate-Related Gaps in Insurance US lawmakers have raised critical questions regarding the climate-related gaps in insurance coverage and are pressing the National Association of Insurance Commissioners (NAIC) for answers. The inquiry points to the increasing risks posed by climate change and how the insurance industry is adapting to these evolving […]

ARPC Names New Head of Technical Underwriting Australian Reinsurance Pool Corporation (ARPC) has recently appointed a new head of technical underwriting, ushering in a new era of professional acumen for the organization. The individual chosen for this prestigious role brings a wealth of experience garnered over an expansive career in the reinsurance and insurance sectors. […]

FIRST Insurance Funding Appoints Two New Relationship Managers FIRST Insurance Funding has announced the appointment of two new relationship managers, a strategic move aimed at strengthening the company’s premium finance efforts. Bolstering Premium Finance Efforts The new hires, Rachel Adams and Michael Johnson, bring a wealth of experience to the table. Adams has over 15 […]

Fidelis Insurance Sees Net Income Fall Fidelis Insurance, a major player in the insurance sector, recently reported a decline in its net income for the year. However, CEO Richard Brindle expressed optimism about the company’s prospects for the remainder of the year. He believes that the company is well-positioned to navigate the current economic environment. […]

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 […]