Cumbersome legacy systems are hindering insurers' attempts to branch out into new markets, but according to one IBM executive cloud computing could be the perfect solution to the issue.
AIR Worldwide has revised its loss estimate for the deadly wildfires that tore through some of the most expensive neighbourhoods in Northern California during September and October.
Three former Ariel Re executives have joined Barbican as the London-based carrier goes on a push into the US specialty market.
The cyber insurance market has long been touted as a key growth market and one that will balloon in the coming years, and while that major expansion has failed to materialise, the chance for it to develop under the right conditions remains.
It is becoming increasingly clear that cooperation between insurtech firms and incumbent insurers is more beneficial to both parties.
Record breaking wildfires have added to the heavy losses the firm suffered from the hurricanes that hit during the third quarter of this year.
Sompo Canopius' new product will fill a coverage gap for the notoriously risky exploratory drilling sector.
The agency has tapped actuarial firm Milliman to help modernise the way it rates policies under the National Flood Insurance Program.
The company's new project finance offering is largely driven by a surge in renewable energy projects across the globe.