The market segment outlook for the global reinsurance segment remains 'Stable', says AM Best, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins.
Swiss Re has announced new IFRS targets, including a net income of more than $3.6bn for 2024 and a multi-year ROE of more than 14%.
Cyber criminals, especially the organised gangs indulging in these activities, are revising the ways they blackmail their victims as the ransomware payments are tapering down according to a new report.
The fragility of our world order and the hazards inherent in an increasingly interconnected world have been highlighted by events such as the COVID-19 pandemic, President Putin's invasion of Ukraine and global economic slowdown in the recent years.
High inflation and interest rates, attracting and retaining talent and digital transformation will have the greatest impact on the European insurers' ability to secure future revenue growth in 2024 according to a survey conducted by WTW.
The accelerating climate change can increase the likelihood of widespread disruptions to the financial sector, including the insurance sector according to a new report released by the Bank for International Settlements (BIS).
The current emissions pledges to limit climate change would still put the world on track to warm by nearly 30 degree Celsius during this century according to a new report by the United Nations Environment Programme (UNEP).
One of the issues the insurance industry tackled at the Global Insurance Forum 2023 was the importance and benefits of a diverse workforce and how the sector could work towards it.
The perceptions of business risks, from supporting staff to ESG regulation and economic uncertainty, are changing the global business risk landscape according to a new report by specialist insurer Beazley.
A new survey has revealed that for the first time, businesses are more concerned about extreme weather affecting operations in 2030 than they are about cyber attacks.