RSA declares Q1 operating results as takeover gets green light
RSA Insurance Group Plc has recently announced what the group described as ‘excellent’ operating results for the first quarter of the year 2021. In a trading update, which the insurer…
US survey finds fear of losing health insurance, keeps 1 in 6 workers in their jobs
According to a new West Health-Gallup survey of more than 3,800 U.S. adults, one out of every six adult workers (16%) in the USA are staying in jobs they might…
COVID-19 is far from the only risk facing insurers and financial sector firms: Allianz
COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also facing many other risks…
Direct Insurance rebrands as Aventum
Direct Insurance, the fast growing independent International (Re)Insurance Group, has recently announced a global restructure and rebrand to Aventum. The move came with the focus to position the group for…
Guidewire unveils end-to-end usage-based insurance solution
Guidewire Software, Inc. has recently announced the availability of Guidewire's Usage-Based Insurance Solution. Designed with speed in mind, the UBI Solution can be deployed within 12 weeks and it supports…
Sun Life reports first quarter 2021 results
Sun Life Financial Inc recently announced its results for the first quarter ended March 31, 2021. First quarter reported net income was $937 million and underlying net income was $850…
General insurance industry in India to reach US$36.4bn in 2024, says GlobalData
The general insurance industry in India is projected to grow from INR1.9 trillion (US$27.7bn) in 2019 to INR2.9 trillion (US$36.4 bn) in 2024, in terms of gross written premium…
Leisure association proposes setting up of industry mutual insurance fund
The Australian Amusement, Leisure and Recreation Association (AALARA) has stated that it is working with Aon, a leading global provider of risk management services, insurance and reinsurance brokerage services, to…
Canadians pay more for P&C insurance compared to global peers: Research
A recent research from the C.D. Howe Institute has found that Canadians are paying premiums for property & casualty (P&C) insurance that are "at the high end of international comparisons".…
Opportunity for goods in transport insurers to revamp their products as Brexit trade delays continue, says GlobalData
Brexit-induced controls at the UK/EU border creates an opportunity for goods in transit (GIT) insurers to adapt their products as the nature of risks change, while increased red tape…