The Philadelphia Chapter of the Insurance Industry Charitable Foundation (IICF)’s Northeast Division held a trivia night event for charity on Oct. 10, 2018 at Punch Line Philly. The organization raised $15,000 for Peter’s Place, a grief support center for children and families based in Radnor. “We had a remarkable turn-out from insurance industry professionals all… Continue reading Insurance Industry Charitable Foundation Philadelphia Chapter Raises $15,000 for Peter’s Place Donation
Tag: insurance
AIG Sees Third-Quarter Catastrophe Losses of $1.5B to $1.7B
Insurer American International Group said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. “These losses are largely associated with multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to our loss estimates on the California mudslides,” AIG said… Continue reading AIG Sees Third-Quarter Catastrophe Losses of $1.5B to $1.7B
Marsh Expands IBM Collaboration to Provide Blockchain Proof of Insurance to More Clients through Salesforce Platform
Marsh, a global leader in insurance broking and innovative risk management solutions, announced today that it is expanding its collaboration with IBM to provide clients with wider access to the industry’s first commercial blockchain solution for proof of insurance. By using blockchain technology, Marsh and IBM are working together to transform the certificate of insurance… Continue reading Marsh Expands IBM Collaboration to Provide Blockchain Proof of Insurance to More Clients through Salesforce Platform
Casualty Actuarial Society and Society of Actuaries Explore Combining Into One New Organization
The Presidents of the Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) jointly announced that the CAS and SOA Boards of Directors agreed to explore a combination of the CAS and SOA into one new professional organization that has the scale and resources to support members’ efforts to shape and grow the evolving areas… Continue reading Casualty Actuarial Society and Society of Actuaries Explore Combining Into One New Organization
Lockton Launches Capital Markets Business
Lockton, the world’s largest privately held, independent insurance broker, today announced the launch of Lockton Capital Markets. The New York-based operation will facilitate investment banking and capital markets transactions focused upon the convergence between insurance and alternative capital. Lockton is launching the business in partnership with Antarctica Capital, a New York-based private equity firm. Vishal… Continue reading Lockton Launches Capital Markets Business
Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market
A new study from Juniper Research has found that insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018. The research found that insurtech platforms will equip insurers to meet the challenges of diminishing margins and increased competition, creating an opportunity insurers cannot ignore… Continue reading Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market