Swiss Re identifies new emerging risks
From the opening-up of previously frozen waterways in the Arctic to hackers tampering with artificial intelligence, the emerging risk landscape is multi-faceted. The 11th edition of Swiss Re's SONAR report…
Japan insurers, banks announce joint venture for ESG initiatives
Several leading Japan insurers and banks have teamed up to announce a memorandum of understanding on joint studies of business initiatives towards the development of sustainable finance, as well as…
London’s share of global insurance market ‘stagnant’ at around 8%, says LMG CEO
Caroline Wagstaff, CEO of the London Market Group, which represents the specialist insurance sector in the City, said that London’s portion of the worldwide insurance market has been “stagnant”, hovering…
Sapiens and Microsoft: Pioneering Generative AI for the Insurance Sector
Global software solution provider Sapiens International Corporation, and Microsoft, have announced a strategic partnership aimed at harnessing the power of generative artificial intelligence (AI) in the insurance industry. The collaboration’s…
Munich Re introduces next-gen AI-powered underwriting solution
Reinsuring giant Munich Re has unveiled a next-generation AI-augmented underwriting solution, powered by the firm’s Automation Solutions’ new Predictor tech platform. Utilizing the AI underwriting solution addresses several key challenges…
PPP Model offer innovative solutions to disaster risk relief, says Swiss Re research
Public Private Partnership solutions can substantially ease the financial burden natural disasters put on government budgets. The economic costs of natural catastrophes have risen from an average USD 25 billion…
Munich Re Confirms Riess as Future ERGO Chairman, Board Member
The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re's Supervisory Board has also appointed…
The importance of insurance to a multinational company
At times they may seem invincible, but in reality, multinational companies are just as vulnerable as small enterprises. They all experience the same risks and rewards – such as…
MetLife Names Ralph Brunner as Chief Marketing Officer for Asia
HONG KONG --MetLife, Inc. announced that Ralph Brunner has joined the company as its Chief Marketing Officer for the Asia region. Brunner, who is also a member…
Iran shipping insurance may be unusable without clear dues
A group covering vessel owners said that insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions…