According to a recent Swiss Re study, the Waymo Driver is safer than both the general driving population and the latest human-driven vehicles equipped with advanced driver assistance systems (ADAS). The study compared Waymo’s liability claims to benchmarks for human drivers, using Swiss Re’s data from over 500,000 claims and 200 billion miles of exposure. […]
Archives for December 2024
Industry veteran Brian Simpson appointed Equisoft’s VP, Insurance Solutions
Equisoft, a global provider of digital business solutions for the insurance and wealth industries, has appointed Brian Simpson as Vice President, Insurance Solutions, USA. With over three decades of experience in the life, health, and annuity sectors, Simpson is joining the sales team for Equisoft’s insurance solutions in the US. Commenting on his appointment Simpson […]
Insurers still benefit from higher yields, but impact is fading: RBC Capital Markets
The insurance industry is still reaping the rewards of higher investment yields, although the effect is gradually diminishing, analysts at RBC Capital Markets have highlighted in a recent report. Property and casualty (P&C) insurers typically invest in short-term, high-quality investment portfolios like corporate bonds, Treasuries and other highly-rated fixed income instruments. As a result, the […]
Cat bond issuance reaches new high of $17.7bn in 2024: Artemis
Catastrophe bond market records are descending in 2024 and set to be beaten on most fronts, as overall issuance recorded in our insurance-linked securities (ILS) focused sister publication, Artemis’ Deal Directory, is set to hit a new high of almost $17.7 billion for the year. This remarkable figure also includes a record $17.24 billion of […]
What to Do If You Lose Your Job-Sponsored Health Coverage?
Are you among those people who recently lost their health insurance coverage due to workplace retrenchment? Or perhaps your working hours were reduced to still cover your company’s operating costs, but in the process, you also lost your job-sponsored health coverage? As a repercussion of the COVID-19 pandemic, which has affected countless numbers of people […]
What Course of Action Should You Take to Obtain Insurance After Moving?
The Special Enrollment Period (SEP) is a time-sensitive opportunity anyone can take advantage of if they seriously want to get health insurance. The process is quick, straightforward and will take about five minutes to complete. Besides, it can be done in a variety of ways you find most convenient. You can do it online, via […]
Fairly stable conditions expected at 1.1, reinsurance demand to remain high in 2025: RBC Capital Markets
The reinsurance industry should expect to see fairly stable conditions at the upcoming January 1st reinsurance renewals, with property catastrophe reinsurance pricing anticipated to be somewhere close to flat due to losses from recent hurricanes Helene and Milton not developing as adversely as original forecasts from cat modelers, according to analysts at RBC Capital Markets. […]
KBW remains confident in Bermuda’s reinsurance outlook despite tax uncertainty
Despite some near-term uncertainties surrounding tax regulations, Keefe, Bruyette & Woods analysts remain optimistic about the Bermuda reinsurance market and maintain their outperform ratings on several leading reinsurers. This conclusion was achieved following the semi-annual Bermuda Tour, where KBW analysts met with reinsurance executives to discuss market conditions and outlook. From their key takeaways, KBW […]
US Federal Reserve Board announces new appointments to its Insurance Policy Advisory Committee
The US Federal Reserve Board has announced seven appointments to its Insurance Policy Advisory Committee (IPAC), consisting of three new faces alongside four returning members. The new appointments include Jonathan Kelly, Partner at Sidley Austin; Paul Kim, Head of Commercial Risk Strategy and Product Development at Aon; and Sam Ramos Chief Legal Officer, General Counsel […]
Majority of US insurers expect to exceed a growth rate of 5% in 2025: Aon
Global insurance and reinsurance broking group Aon has released its latest capital poll, which showcases that most US insurers expect to exceed a growth rate of 5% in 2025. According to the firm, many survey respondents foresee a favorable environment conducive to direct premium growth, with roughly 44% expecting to grow by a range of […]