According to a recent report by Verisk and the American Property Casualty Insurance Association (APCIA), the U.S. insurance industry is showing early signs of recovery, fueled by capital gains and stabilization in underwriting.
Tag: Insurance industry
AM Best Panel Explores How GenAI & ChatGPT Are Reshaping the Insurance Industry
A recent panel hosted by AM Best, that included insurance and technology experts, examined how Generative AI and ChatGPT technologies will play a key role in driving the customer experience across the industry.
Swiss Re: Insurance Industry Strengthens Resilience in Challenging Environment
According to the sigma “Risk on the rise as headwinds blow stronger” the global insurance industry’s strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks.
Insurers Face Wave of Inquiries Over Climate Risks
The nation’s property insurance industry is coming under unprecedented scrutiny with the launch of three inquiries into how climate change is causing premiums to soar and pushing insurers to withdraw from at-risk regions.
Are We Ready for a $100 Billion Catastrophe? How About $200 Billion?
Will America dodge another bullet? Years often pass without a major hurricane making landfall, and 2023’s storm season, set to peak in a couple of weeks, may be no different. What is different is the potential financial shock if one does hit.
Fitch: U.S. Insurers to Navigate a More Precarious Economy in 2023
The U.S. economy is headed for a mild recession next spring, with different outcomes for all major insurance sectors.
Swiss Re Loses Sex Discrimination Employment Tribunal
In the latest sexism case to hit the male-dominated insurance industry, Swiss Re has lost an employment tribunal brought by a female underwriter. At a central London hearing, a three-person panel ruled that a senior manager’s comments about Julia Sommer were “sexist, demeaning, and derogatory.” At a work drinks, the manager made a joke about… Continue reading Swiss Re Loses Sex Discrimination Employment Tribunal
Boost Insurance Expands Infrastructure-as-a-Service Platform with Suite of Breakthrough Products
Today, Boost Insurance (“Boost”) announced a $14 million Series A round of financing to expand its cutting edge infrastructure-as-a-service (IaaS) platform that is transforming the insurance industry. The round was co-led by Coatue and Greycroft, with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman Glenn Hubbard. Existing investors Norwest Venture Partners and IA… Continue reading Boost Insurance Expands Infrastructure-as-a-Service Platform with Suite of Breakthrough Products
IICF Raises Nearly $1.3 Million for New York Tri-State Nonprofits and Honors HUB International
The Insurance Industry Charitable Foundation (IICF), a nonprofit that unites the collective strength of the insurance industry in helping communities and enriching lives, has announced that nearly $1.3 million was raised on Wednesday evening at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s Community Grants Program. This includes nearly $65,000 raised… Continue reading IICF Raises Nearly $1.3 Million for New York Tri-State Nonprofits and Honors HUB International