Aon, a leading global professional services firm, yesterday announced the launch of its Pricing Platform, a software solution that aims to provide insurers with a competitive advantage through better risk selection and meaningful analytics to drive company performance.
Earth is in 'the danger zone' as the planet's climate is beyond the harmful levels for humans, though not quite past the safety guideline for the planet as a system according to a new study by Swedish group Earth Commission.
Investors have developed strategies around climate-related risks, policies and disclosures, but haven't put the same level of focus on biodiversity and nature-related risks according to Aon's The One Brief weblog.
As climate-related natural catastrophes make parts of the world uninsurable, insurers are also facing twin pressures from regulators and demanding customer base. Insurance options for carbon intensive companies are also shrinking. New solutions do offer a way forward but more needs to be done by the insurers.
The still continuing global shortage of semiconductors is perhaps the biggest supply chain risk of 2023 according to a new report by the insurer QBE. This problem sprouted after supply couldn't meet with demand during the pandemic.
The Financial Services Council (FSC) of Australia has announced soon-to-be-implemented New Life Code of Practice (new life code), which will introduce over 50 comprehensive consumer protections that will change the way customers interact with their life insurers.
Claim disputes have hit a new high as insurers continue to take a tough attitude to claim payouts, a feature of the hard market, the industry has been going through since 2019 according to the latest Mactavish Claim Litigation Index
The global cyber insurance market is predicted to double in size in the next four years according to a new analysis released by analytics company GlobalData.
There is a need to formulate a national vision for comprehensive digital transformation in the health sector in Lebanon, participants of a forum on the health sector have learnt.
Algeria has begun work on launching parametric insurance to cover crops against certain natural disasters (drought, forest fires, etc), Mr Benseidi Abdallah, CEO of the reinsurer, Compagnie Centrale de Re´assurance (CCR), has said.