Industry News

The significance of data visibility in the insurance sector is often underestimated. For companies hoping to maintain a competitive edge, robust data monitoring and management are critical, especially given the sheer volume of data they handle. Recognising this challenge, distriBind offers an innovative visibility solution that is setting new standards in the industry.

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.

Allianz Global Corporate & Specialty has joined forces with Allianz Property & Casualty a local insurer providing commercial insurance.

SageSure and Anchor Re have jointly announced the triumphant finalisation of Anchor Re's inaugural $50m catastrophe bond.

Global insurance broker Aon, has recently appointed Anneliesse Oliveros as the Head of EMEA for their Global Broking Centre. 

The UK's InsurTech sector is displaying great strength in the global market with a substantial enterprise value of around $21bn.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.

The Post Office has teamed up with Air Doctor in a strategic partnership that comes amid growing travel health anxieties amongst Brits.

Zurich Insurance, one of Ireland's most prominent general insurance firms, offers an extensive product range encompassing private motor, home, commercial property, business, farm, and professional indemnity insurance.