Insurance

Cyber Security

Insurers focus on ransomware, user authentication as biggest risks

Progress on cybersecurity measures lowers insurance market risks and stresses.

By Michael Shashoua

Senior Editor

October 31

An employee at his desk at S2W Inc., a South Korean cybersecurity company, in Pangyo Techno Valley, Seoul, South Korea, on Wednesday, Aug. 17, 2022. The majority of S2W workers have expertise in North Korea, and they work with international law enforcement to thwart North Korean hacking attempts. The company also has private-sector clients in e-commerce, automotive, semiconductors, and biotech. Photographer: Woohae Cho/Bloomberg

Climate change

Swiss Re posts loss on hurricane hit, signals price hikes ahead

The Zurich-based reinsurer's key unit saw $2.5 billion in claims related to large catastrophes including the storm which hit Florida last month, it said in a statement on Friday.

October 28

InsureThink No fear for insurers after Amazon UK launch (The Dig preview)

Unlike the launch of Google Compare several years ago, insurers are taking Amazon's UK launch of a home-insurance comparison site in stride.

October 28

Nathan Golia

Digital Insurance

InsureThink What opportunities does the cloud make possible for insurance?

Carriers need to focus on two things: defining where the value in cloud lies and building a partnership between business units and IT.

October 28

Sanjay Kaniyar

McKinsey

Nationwide

Nationwide partners with Petco, programs to be available in 2023

The two companies announced a multi-year plan to co-develop pet health and protection solutions.

By Kaitlyn Mattson

Managing Editor

October 27

An employee gives a treat to a dog at a Petco Animal Supplies Inc. store in Clark, New Jersey, U.S., on Friday, Oct. 2, 2015. PetSmart Inc., the closely held pet-supplies company bought by private-equity firm BC Partners in March, is in early talks to acquire Petco Animal Supplies Inc., people with knowledge of the matter said. Photographer: Ron Antonelli/Bloomberg

Commercial insurance

The Hartford ranks first in digital experience, small biz insurance: Keynova

Progressive scored second and Nationwide was third.

By Kaitlyn Mattson

Managing Editor

October 27

Customers at the Cha Community bubble tea restaurant in Waco, Texas, US, on Friday, May 6, 2022. As the Small Business Administration moves to shut down aid, many U.S. entrepreneurs say they haven’t heard back on applications, funds or appeals. Photographer: Matthew Busch/Bloomberg

Meet the insurtech

Meet the insurtech: Actuology

Steph Tulley, founder and CEO of the Tampa-based insurtech, says the area is a good place for the industry.

By Kaitlyn Mattson

Managing Editor

October 27

Office buildings stand in downtown Tampa, Florida, U.S., on Monday, Sept. 11, 2017. Hurricane Irma smashed into Southern Florida as a Category 4 storm, driving a wall of water and violent winds ashore and marking the first time since 1964 the U.S. was hit by back-to-back major hurricanes. Photographer: Daniel Acker/Bloomberg

Auto insurance

51% of drivers willing to let insurers track driving, MoneyGeek

The most common concern about telematics is the data being used against a driver for legal purposes.

By Kaitlyn Mattson

Managing Editor

October 25

Vehicles travel along the Interstate 405 (I-405) and Interstate 110 (I-110) freeways in Gardena, California, U.S., on Friday, May 28, 2021. The days of bargain basement airfares are ending as the U.S. vaccine supply unleashes a wave of pent-up travel demand. Photographer: Bing Guan/Bloomberg

M&A

AmTrust acquires middle-market management liability business from DUAL North America; Berkshire Hathaway buys Alleghany: Insurtech news

USAA teams up with Humana; Blackstone partners with Resolution Life; and more news.

By Kaitlyn Mattson

Managing Editor

October 25

The Manhattan skyline along the East River in New York, US, on Wednesday, Aug. 17, 2022. New York, US, on Wednesday, Aug. 17, 2022. New York's apartment market has become super competitive as rent prices set records and vacancies stay low. Photographer: Ismail Ferdous/Bloomberg

Climate change

Climate change tops insurers' worries with war close behind

Global warming is considered as the biggest risk to society in the next five to 10 years for the second year in a row, according to a report released by AXA SA.

October 24