Topics

Aon: CrowdStrike outage shines spotlight on insurers' cyber policy wording

July 24 2024

There is a wide variation in how cyber insurers deal with non-malicious outages like CrowdStrike and as a result making loss estimates for the software failure is difficult.

swiss-re-corso-and-goodcarbon-partner-on-carbon-credit-forwards-product

Swiss Re CorSo and goodcarbon partner on carbon credit forwards insurance solution

July 24 2024

Global product will cover carbon credits with delivery dates up to five years in the future, helping to support the development of a more liquid forward market.

Hong Kong's FTLife officially rebrands to CTF Life

July 23 2024

Chow Tai Fook Life Insurance plans to grow in the Greater Bay Area by leveraging its parent company's strength.

zurich-australia-benefiting-from-improvements-in-underwriting-risk-selection-says-fitch

Zurich Australia benefiting from improvements in underwriting risk selection says S&P

July 23 2024

S&P Global affirms ratings while expecting growth in travel, SME, mid-market, corporate, and life segments.

fitch-pegs-crowdstrike-insurance-losses-in-mid-to-high-single-digit-billions

Fitch pegs CrowdStrike insurance losses in mid-to-high single-digit billion dollar range

July 23 2024

Incident unlikely to have a significant impact on global (re)insurers' results and claims should fall within primary carriers' retentions, says Fitch.

japans-major-non-life-insurers-identify-65000-fraudulent-claims-made-by-bigmotor-report

Japan's major non-life insurers identify 65,000 fraudulent Bigmotor claims - report

July 23 2024

Four major non-life insurers review claims spanning eight years, reportedly finding 30% of 236,000 claims to be fraudulent.

income-insurance-and-allianz-in-talks-over-potential-deal

Allianz's acquisition of Income unlikely to alter Singapore market says Fitch

July 22 2024

Income's market-leading position in non-life market will be strengthened, but life segment will continue to be dominated by established players, says Fitch.