While AI promises faster and smarter decision making, safeguards are needed to prevent potential discrimination according to the Australian Human Rights Commission (AHRC) and the Actuaries Institute of Australia.
AM Best has maintained its market segment outlook for the global reinsurance segment at 'Stable', citing the presence of highly uncertain market conditions with positive and negative factors offsetting one another.
The financial results of 25 reinsurance companies covered in Gallagher Re's data set remained strong on a nine-month basis, with an average combined ratio of 96.9%, up modestly from 95.5% from 9M2021, driven by more favourable performance in the first half of 2022.
Fast-melting glaciers are releasing staggering amounts of unknown bacteria into rivers and streams, which could transform icy ecosystems according to new research.
One third of countries across the world have seen risks to their democratic processes increase significantly during the past five years, with corporates operating in poorly ranked countries facing ESG and supply chain threats according to Verisk Maplecroft democratic governance ondex (DGI).
A majority of organisations (80%) have had to use their cyber insurance and more than 50% have used it more than once according to a new analysis by Delinea.
The cyber threat landscape has reached a new level of commercialisation and convenience for would-be attackers, with nearly all barriers to entry for committing cyber crime removed through the expansion of cyber crime-as-a-service according to Sophos' 2023 Threat Report.
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, Fitch Ratings says.
Descartes Underwriting has appointed Mr Louis Bollaert as chief revenue officer who will oversee expanding Descartes' corporate offering to climate-exposed markets globally. As the company reaches advanced stages of new product development, he will also manage the roll-out of expanded product lines and customer segments.
Fire, collision and sinking, and damaged cargo are the top causes of marine insurance losses by value according to Allianz Global Corporate & Specialty's (AGCS) analysis of more than 240,000 claims worth EUR9.2bn in value.