After months of negative news regarding layoffs and cutbacks, Quebec City, Canada-based
The Financial Services Hiring Demand Indicator–a measure of year-over-year change in online job advertising– rose for the fourth consecutive month, from -32% in July to -27% in August. According to analysis by WANTED, the financial services sector started to shed jobs even prior to the onset of the recession in December 2007.
The top five insurance companies have an average P&C market share of 6.50% as of December 31, 2023.
Lloyd's appointed Dawn Miller as chief commercial officer, and CEO of Lloyd's Americas; plus more career moves.
Greater exposure to climate risks is driving an increase in insurance premiums and decrease in insurance availability.
Laws against inducements and referral fees are among the obstacles for carriers looking to distribute coverage by embedding it in other channels.
Capgemini Research Institute's World Property and Casualty Insurance Report 2024 indicates insurance executives see the potential benefits of AI and ML but underwriters are concerned about overcomplexity and data integrity.
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
