FEMA targets $325m fifth FloodSmart Re NFIP catastrophe bond
The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market again, seeking to secure at least...
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Burnout plaguing one-third of Canadians
“It’s not surprising though – considering we’re once again faced with extreme uncertainty as the pandemic rollercoaster continues. For so...
How insurance is serving as a stumbling block for this area of the economy – report
But the underground pillar of the province’s economy hasn’t flourished despite the hard-fought battle for legitimacy, industry advocates say. Policy...
Toxic culture top reason for turnover, according to research
It was originally developed about six years ago from another study at the MIT Sloan School of Management and it...
Michigan insurance agent headed to jail for scamming clients
A Michigan insurance agent is headed to jail for a year for scamming her clients out of hundreds...
Natural catastrophes cost insurers up to $185 billion
The insurance industry absorbed losses of $US105-130 billion ($150-185 billion) from natural disasters last year, according to calculations made by...
Cat bond modeller AIR Worldwide to rebrand under parent Verisk
Well-known catastrophe risk modelling firm AIR Worldwide, which remains the most prolific when it comes to providing risk modelling services...
Innovation is key, insurers told
Consultancy Accenture has urged the Australian insurance industry to make innovation an “obsession” this year, as competition from insurtechs and...
NZ to monitor ocean floor for North Island risk
New Zealand researchers will deploy ocean floor seismometers off the coast near Wellington to gain a better understanding of the...
Not so simple: data-sharing extension presents challenges
Greater choice, control and convenience have been promised to consumers under data-sharing reforms rolling out across the economy, but insurers...
