Insurance fraud detection boosted in Canada

The Insurance Bureau of Canada's (IBC's) Board of Directors has approved the transfer of its Investigative Services (IS) division to Équité Association, boosting industry collaboration and data sharing opportunties

Virgin Money and Hood Group partner for new travel insurance offering

Hood Group is partnering with Virgin Money to provide travellers with a range of travel insurance options

INSTANDA enters the Middle Eastern marketplace

The customer and policy management platform for the insurance industry has successfully started working with new client and partner in UAE, NewTechMe

Fadata unveils ML solutions for insurance companies

Insurance software provider Fadata is supporting insurers with a framework for the accelerated implementation of machine learning (ML) tools and capabilities

Prices in property and casualty reinsurance continue to rise

German reinsurer Hannover Re anticipates a continuing trend towards higher prices and improved conditions in property and casualty reinsurance for the various rounds of renewals in 2022

Insured losses from Hurricane Ida to be around $25 billion

Catastrophe risk solutions company RMS has estimated that onshore and offshore insured losses from Hurricane Ida in the Gulf of Mexico will be between US$25 and $35 billion