Allianz considering selling stake in Saudi subsidiary

Allianz is considering selling its controlling stake in Riyadh-based insurer Allianz Saudi Fransi in an effort to streamline its portfolio and raise cash

Restricted cover reduces public trust in insurers

Restricted cover is the biggest threat to public trust in the insurance profession in the coming months, according to a poll of Chartered Insurance Institute members

Floods now Australia’s second costliest weather event

The Insurance Council of Australia (ICA) has released new data that shows more than $2 billon has already been paid to insurance customers impacted by the February-March floods that hit…

44 per cent of insurers exploring flexible working to attract talent

A social media poll of 623 insurance professionals conducted by the UK’s Chartered Insurance Institute (CII) in June 2022, found that 44 per cent of respondents are focused on offering…

Floods and storms drive global insured catastrophe losses

A series of winter storms in Europe, unprecedented flooding in Australia and South Africa as well as a high number of thunderstorms in the US and Europe, resulted in US$35…

Jane Hegeler to join Nordic Insurance Software

Bringing a wide range of knowledge and experience from within the claims and assistance world to NIS, Jane will be focused on supporting and working with key clients and assist…

More than one in 10 consumers globally will cut back on insurance if cost of living rises

As prices of food, oil, and other essentials increase, consumers have begun to change the way they manage their money, and insurance is an expendable luxury, according to YouGov

The FCA’s Consumer Duty aims to shift financial services

The UK Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, hoping to fundamentally improve how firms serve consumers

Seventy per cent of people prefer purchasing insurance online

Insurtech Zelros has surveyed over 1,000 people and found that 70 per cent of people said that they would prefer either a completely online or hybrid experience when purchasing insurance

Global insurance market to grow in 2022

The global insurance market is expected to grow from US$6 trillion in 2021 to $6.44 trillion in 2022 at a compound annual growth rate (CAGR) of 7.2 per cent

HSBC Life launches digital underwriting solution

HSBC Life UK is launching a digital underwriting programme that enables medical screening requests to be sent to and received back automatically from the medical screening provider Square Health

Chubb appoints new leadership team for Australia and New Zealand

Chubb has appointed Amy McKellar and Michelle O’Dowd as the new joint leadership team for its Australia and New Zealand (A&NZ) Consumer Division

Brokers strive for smooth process when dealing with complex claims

Allianz research shows brokers spend an inordinate amount of time on simple or non-complex claims

Many UK customers looking to cut insurance policies to save costs

The survey, conducted by Censuswide on behalf of Guidewire, also found that many respondents felt that insurers were ‘inconvenient’, sold ‘overpriced products’, and were unwilling to pay out claims

Mexico’s general insurance industry to reach $26.1 billion by 2026

Mexico’s general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 7.5 per cent, from US$18.2 billion in 2021 to $26.1 billion in 2026, according…

Everest Insurance enters Singapore; brings customised risk solutions to Asian market

Everest Insurance, the Insurance division of Everest Re Group, Ltd has officially entered the Asian market after receiving regulatory approval from the Monetary Authority of Singapore. Senior Vice President and…