Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March.
AI is projected to contribute up to $1.1tn in annual value to the global insurance sector, with its positioning as a key driver of productivity and growth, according to Truong Hoang Phuc, FPT Software managing director of Global Insurance & Finance, FPT Corporation.
Dubai-based Global Association of InsurTech Professionals (GAIP), an international non-profit professional body, has revealed its plans and initiatives to foster innovation and accelerate InsurTech adoption worldwide.
Global carrier M&A dealings slumped to a 16-year low in 2024 as insurers put the brakes on dealmaking amidst uncertainty and volatility, according to a new report by Clyde & Co.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
To lead its newly established M&A and Strategic Solutions team, Miller has appointed Mr Andrew Johnson, Ms Edwina Charlton and Mr Rupert Newman as head of broking.
More than seven in 10 (72%) of insurance executives in the Asia Pacific who participated in a new survey on how they perceive their industry in a time of growing risk and opportunity are of the opinion that the insurance industry has "an ethical obligation" to close the protection gap which is currently estimated to be $1.8tn.
Demand for Islamic finance will continue to rise as strong economic activity in the Gulf Cooperation Council (GCC) and Southeast Asia is supported by diversification agendas, investment inflows and population growth, reported Bernama News Agency quoting a Moody's Ratings (Moody's) report.
With the advent of AI tools, the construction sector has a transformative opportunity to extract valuable insights, patterns, trends and actionable information from large datasets, even when almost 90% of the data is unstructured (e.g. emails, PDFs, images and videos). On the flip side, risks exist in using AI in the sector.
Active Capital Reinsurance (Active Re) has said that it marked its 17th anniversary in 2024 with several favourable key performance indicators.