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

AXA completes sale of AXA Gulf

AXA has completed the sale of its 50-per-cent shareholding in AXA Gulf and its 34-per-cent shareholding in AXA Cooperative Insurance Company to Gulf Insurance Group (GIG), for a cash consideration...

Insurers in APAC region grow revenue due to Covid

The Covid-19-induced rise in demand for life and health insurance helped Asia-Pacific (APAC) public insurance companies report a year-over-year growth of around 2.5 per cent in 2020, according to GlobalData...

Insurers respond to floods in New Zealand

Following severe weather that has left many parts of West Auckland under water, the Insurance Council of New Zealand (ICNZ) – Te Kāhui Inihui o Aotearoa – confirmed that insurers...