Insurance product governance rule compliance concerns

Insurance firms operating in the UK market may not be ready to implement new product governance rules there to ensure insurance provides fair value, according to a review from the...

ELEMENT and Parametrix launch cloud outage insurance in Europe

With international companies around the world, whether in insurance, healthcare or travel, now relying on cloud storage, the need for insurance against failure of this kind of data storage has never...

Insured losses from Europe flood could reach €6.5 billion

Catastrophe risk solutions company RMS has estimated that insured losses from the Western and Central Europe flooding that occurred in July will likely range between €5 billion and €6.5 billion...

Japan’s insurance industry expected to grow

The general insurance industry in Japan is projected to grow from JPY11.1 trillion in 2020 to JPY12.6 trillion in 2025, in terms of gross written premiums (GWP), according to GlobalData

Severe weather events drive global insured catastrophe losses

A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of US$40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates

Life insurance industry in Indonesia to recover from 2021

The life insurance industry in Indonesia is forecasted to recover in 2021, driven by increased consumer confidence, according to analytics company GlobalData