| Today's Headlines | December 10, 2020 |
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Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon can vary according to users' needs. In addition, catastrophe models usually leverage a long time series of historical data because such events are by definition rare... read more | | |
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Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks, which could also include a global cyber event and climate change. These risks are so worrying that rating agencies, such as AM Best, are taking note. read more | | |
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Next Insurance - an InsurTech focused on small business coverage - has closed its first acquisition. More could be on the horizon. read more | | |
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Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. read more | | |
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Britain's huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU's financial services chief said. read more | | |
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At the core is the reality that the global non-life insurance industry's $2 trillion in capital won't last in a "black swan" event, such as a cyber attack or another pandemic, that hobbles the global economy. read more | | |
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Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, saying the deals were unfair and ultimately harmed consumers. read more | | |
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Swiss Re's Corporate Solutions Unit promoted an executive within its Engineering & Construction North America division. AXA XL's North America construction business promoted an executive to a newly-created position. read more | | |
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| | AM Best expects that the Directors and Officers (D&O) segment will soon ... read more | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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| | Now On Demand: Carriers, do you wish you could read your agents' minds? This ... read more | |
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| | Progressive, Esurance and Lemonade have successfully adopted data-centric ... read more | |
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