- IPCC at the Bonn Climate Conference
- This year marks 50 years that The Geneva Association has existed as the insurance industry’s platform for research and dialogue
- Tokio Marine Kiln establishes standalone Cyber & Enterprise Risk division to support ambitions
- WCL and Northdoor partner to launch Alternate to support Blueprint Two adoption
- Broad financial services coalition raises concerns over EC retail investment proposals-Insurance Europe
- Masojada appointed Chair of SiriusPoint
- else Group bolsters its MGA Buy-and-Build global strategy with launch of Peloton Underwriting expired
- Unified Threat Management spend to surge to $14.8bn globally by 2028, as the threat landscape intensifies-Juniper Rresearch expired
- Moody’s RMS North Atlantic Hurricane Models Version 23 certified by Florida Commission on Hurricane Loss Projection Methodology(FCHLPM) expired
- Reale Group to partner with Fabrick expired
- Newslink Global Insurance Trends-Editor's Weekly Highlights expired
- UN, insurance and academic leaders sign agreement to draw upon insurance data and expertise to advance climate and disaster risk analytics expired
21st May 2023
Newslink Global Insurance Trends-Editor's Weekly Highlights
This week, a new insurance sector report from Bloomberg Intelligence(BI) warned that insurers seem poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year's North Atlantic hurricane season approaches, with pricing and risk appetite appearing badly aligned. After suffering from ultra-low interest rates over the past decade, German life insurers now face new challenges, S&P Global Ratings said in its "Rising Interest Rates Are A Double-Edged Sword For German Life Insurers," report, published on RatingsDirect. GlobalData estimated that the Malaysian life insurance industry could surpass $15.9bn by 2027. AI and automated ships pose new challenges in casualty liability, according to the chairman of the Association of Average Adjusters.
London Market technology specialist Ebix Europe confirmed that its successful seven years as the architect and provider of the original London Market electronic placement platform PPL will end on 31st December 2023-it will continue its focus on the independent growth and innovation of the new and improved electronic placing solution PlacingHub. Nirvana, the Media, Tech and Cyber-focussed managing general agent(MGA), announced it had selected Insureflow, an insurance software solutions provider, to help drive efficiencies and grow the business. wefox, the Berlin-based InsurTech, secured a $55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at $4.5bn valuation from existing investors and new investors including Squarepoint. US-based Atain selected Sapiens to automate and modernise its Specialty Lines core processes. WTW announced the release of its new IFRS 17-based reporting solution, Financial Results Analyser(FRA).
Acrisure expanded its Global footprint to Portugal with the acquisition of Universalis. SiriusPoint acknowledged the decision by Daniel Loeb and certain affiliates to conclude discussions regarding a potential transaction to acquire the company, and reiterated unanimous support for the company's strategy. Financial Reports included those from Co-operators, IGI, and Zurich; Beazley, Convex, Munich Re, SCOR, and Skuld.
REGISTER FOR A 14 DAY FREE TRIAL TO ASSESS OUR GLOBAL TRENDS SELF-SERVICE AND CREATE SPEEDY REPORTS at onlystrategic.com
Increasingly, financial services companies and their regulators are taking a global view as instant communications make the world a smaller place and are accelerating the maturity of developing countries. Insurance Newslink 30 years ago predicted this trend and over that period of time has uniquely brought together strategic intelligence from source across all insurance/reinsurance markets and related IT/InsurTech trends into an internet-based Research Matrix database self-service and reporting facility. As technology and analytics progresses, with such advances as machine learning, artificial intelligence, and dispersed digitisation uplift following the COVID-19 pandemic, the service will play an increasingly important role in adding value to internal company analytics in a global market context.
Today, Insurance Newslink has over 56,000 expertly selected articles from source indexed across a Matrix of date, continent /country, company, regulatory, company, research/publications, and IT applications by business function. Our Banking Newslink Global Trends service commencing in 2000 has over 36,000 articles, and Financial Newslink combines both services at www.onlystrategic.com
Insurers, reinsurers and banks need to know about each other’s positioning and IT suppliers of all types and sizes need to understand the key business and regulatory issues and opportunities. The surge of InsurTech, FinTech and digitisation initiatives have emerged from all over the globe-only a few years ago, the Chinese were finding out about progress in the US and Europe and could well now be ahead of the field. Speedier change is impacting the mind-set of the customer/consumer.
The service acts as a strategic catalyst enabling quicker, better decisions across market players and suppliers bringing global market,IT, and regulatory trends together, adding value for student through to CEO.
Our content is read broadly equally across The Americas, Europe, and Asia Pacific by all ranges of management and we are increasing the number of distribution partners. Our service is available from a single user to a corporate subscription.
For the past 40 years, we have worked with over 100 market players and major technology suppliers-go to our consultancy site-Shillito Market Intelligence Ltd at www.shillito.org.uk for more background and a list of some of our clients. For the last 30 years, our Newslink Global Trends Research Database has been proven as the core content for our numerous white papers, university business school lecturing, training, speaking, and chairing events globally.