Losses from natural disasters continue to rise, Swiss Re says
Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.
Chubb launches first-of-its-kind greener underwriting criteria for oil and gas projects
Chubb has unveiled new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.
Home insurance company Kin pulls in extra $15m for Series D round
Kin, a direct-to-consumer home insurance company has raised an additional $15m in Series D funding, bringing the total raised in the round to $109m.
CompScience, Nationwide and Swiss Re team up for workers’ compensation policies
CompScience Insurance Services has entered a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies.
Procore Technologies launches construction insurance brokerage
Procore Technologies, a global provider of construction management software, has launched construction insurance brokerage to empower builders.
InsurTech Novidea selected by Jamaican insurance broker AIB
Cloud-native insurance platform Novidea has been selected by Jamaica-based insurance broker Allied Insurance Brokers (AIB) to implement its born-in-the-cloud, data-driven insurance management platform for Managing General Agents (MGAs).
Generali UK selects Supercede as its reinsurance technology provider
Generali UK has partnered with reinsurance software provider Supercede, as its reinsurance technology provider.
Continued claim pressures for P&C (re)insurers as inflation persists, Swiss Re says
Analysts at Swiss Re have predicted that although inflation is easing in 2023, many cost pressures will still underpin elevated claims.
German FinTech Moojo launches insurance for freelancers
Moojo, a FinTech startup which helps freelancers and creators streamline their invoicing processes, has launched a new product in partnership with Hiscox Germany.
TD Insurance launches product for Canadian small businesses
Canadian insurance company TD Insurance has launched a direct insurance product offering tailored for small businesses in Canada.
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