Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake in Income Insurance Limited. The original offer was announced on July 17th, 2024 and was made through Allianz’s wholly owned subsidiary,…
CyberCube enters into multi-year partnership with Mathison Insurance
CyberCube, a provider of cyber risk analytics for the insurance sector, has signed a multi-year partnership with Mathison Insurance Partners, in a move that will allow Mathison to deliver enhanced cyber risk solutions to its retail partners and clients. For those unaware, Mathison Insurance Partners, is a specialist wholesale brokerage based in Mississippi, USA. From…
Norway provides $4.5m to ARC’s SACPIP-Africa to strengthen climate resilience
Norway, through the Norwegian Agency for Development Cooperation, has provided NOK 50 million (approximately $4.5 million) to the African Risk Capacity Limited’s (ARC Ltd) Supporting Adaptation Capacity Through Increased Parametric Insurance Penetration in Africa (SACPIP-Africa) initiative. The partnership was formalised during a signing ceremony at the CARICOM Pavilion at COP29 on November 13, 2024. Climate…
John Latter to lead Claims for Chubb Overseas General
Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb’s claims organization in Europe, the Middle East, Asia Pacific, Latin America and the Far East. He will also lead a team of 3,000…
Economic risks, weather & talent shortage among top concerns for APAC businesses: Marsh, Zurich
Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Insurance Group, has revealed. According to the Executive Opinion Survey business leaders are increasingly worried about the impact…
Trends in the Construction Industry
How They Affect General Liability Insurance The construction industry is continuously evolving, driven by technological advancements, changing regulations, and shifting market demands. As these trends emerge, they have significant implications for general liability insurance. Here, we analyze some of the key trends shaping the construction industry and how they affect general liability insurance coverage for…
Understanding Excess & Surplus (E&S) Lines
Understanding Excess & Surplus (E&S) Lines for Contractors’ General Liability Policies: What Agents Need to Know Navigating the world of insurance for contractors often brings agents face-to-face with the complexities of Excess & Surplus (E&S) lines. As a tool designed to provide coverage where standard markets won’t, E&S lines can be a vital part of…
Pushing Boundaries: Unveiling Slice Mind’s Journey
In the ever-evolving landscape of insurtech, we’ve always stood out for our innovative approach towards leveraging artificial intelligence and machine learning. At the core of our success lies Slice Mind, an AI/ML component that has continuously driven our advancements in technology and insurance solutions. In our journey from early experimentation with data to the present-day…
The Art of Distribution
In the realm of insurance, acquiring appropriate coverage for underserved markets and certain types of work, such as Artisan Contractors General Liability, can often prove to be a daunting task. Many insurance companies have been shying away from providing coverage for this particular field, leaving small businesses in a bind. However, we’ve stepped up to…
Expanding Coverage to Fill the Gap
The specialty (also know as E&S) markets represent a growing segment of the insurance industry, as risks become more complex and the need for specialized coverage grows. To address the needs of underserved small businesses in the specialty markets, we use our platform and products to provide coverage that is tailored to the specific needs…