Duck Creek Europe was created to bring Duck Creek’s rating, policy administration and billing solution to the European market. The company says since its creation, Duck Creek Europe has signed six clients, including
U.S. life insurers have shifted more of their general account risk to entities abroad than in the U.S. as of year-end, the first time that offshore reinsurance hubs have overtaken domestic ones for that business.
As insurers modernize their products and operations, delivery capability is becoming a key differentiator.
It's the third year convective storm losses have exceeded $50 billion, according to the report, Severe Convective Storms: State of the Risk from The Insurance Information Institute.
Experts on insurance information and actuarial modeling say AV risk assessments have to be made with incomplete data, making it more difficult to price coverage accurately.
AI is making fraud more sophisticated and harder to detect.
Researchers examined more than 580,000 municipal bond issues and say the data shows communities with higher wildfire risk pay higher interest rates.
