Munich Re funds restoration project for California wetlands
Munich Re funds restoration project for California wetlands | Insurance Business America Reinsurance Munich Re funds restoration project for California wetlands Allocated funds deemed integral by oil and gas firm Reinsurance By Kenneth Araullo California-based oil and gas firm Synergy has announced a new initiative to rehabilitate 140 acres of coastal wetlands in the area, […]
What’s happening with casualty reinsurance renewals?
What’s happening with casualty reinsurance renewals? | Insurance Business America Reinsurance What’s happening with casualty reinsurance renewals? AM Best points to pricing shifts Reinsurance By Kenneth Araullo The January reinsurance renewal season saw reinsurers maintaining sufficient capacity for casualty programs amid concerns over social inflation and the need for reserve strengthening, as revealed from the […]
Swiss Re reveals full-year financial results
Swiss Re reveals full-year financial results | Insurance Business America Reinsurance Swiss Re reveals full-year financial results Reinsurer has also set its target net income for 2024 Reinsurance By Kenneth Araullo Swiss Re has reported an increase in its net income – reaching US$3.2 billion for the year 2023, with the fourth quarter contributing US$748 […]
Kin announces financial results | Insurance Business America
Kin announces financial results | Insurance Business America Property Kin announces financial results Are tech-driven insurance providers producing strong financials? Property By Kenneth Araullo Digital-first home insurance provider Kin has disclosed its financial results for the fourth quarter ending December 31, 2023. The company reported a gross written premium of $344.1 million and total revenue […]
Warren Buffett, Berkshire Hathaway offload Apple stock – what are they buying now?
Warren Buffett, Berkshire Hathaway offload Apple stock – what are they buying now? | Insurance Business America Insurance News Warren Buffett, Berkshire Hathaway offload Apple stock – what are they buying now? Conglomerate has also significantly reduced its share in a hardware-focused tech company Insurance News By Kenneth Araullo Berkshire Hathaway, the conglomerate led by […]
5 key generative AI use cases in insurance distribution | Insurance Blog
GenAI has taken the world by storm. You can’t attend an industry conference, participate in an industry meeting, or plan for the future without GenAI entering the discussion. As an industry, we are in near constant discussion about disruption, evolving market factors – often outside of our control (e.g., consumer expectations, impacts of the capital […]
Insurance Fraud on the March
Bonnie and Clyde, Ma Barker, Baby Face Nelson and Willie Sutton robbed banks. When asked by a journalist asked why he did, Sutton famously replied “because that’s where the money is.” If banks’ $3.1 trillion in cash and invested assets draws criminals to steal from banks, the insurance industry’s $10 trillion in assets arguably tempts […]