- Newslink Global Insurance Trends-The Week
- Kennedys survey "Brexit and the Insurance Sector: Towards 2020 and Beyond" makes a case for the insurance industry to have a stronger say
- Marsh releases Global Insurance Market Index for the second quarter-property rates up, casualty down
- EIOPA is now a member of Sustainable Insurance Forum(SIF)
- Zurich on target-net income up 19%
- Lillelund to be CEO of new entity AIG Europe
- Bahrain-based SNIC Insurance selects TCS BaNCS for Insurance solution expired
- Ageas delivers "strong insurance net result" at half way says CEO De Smet expired
- Hastings Group adjusted operating profit up 22%-technology playing its part expired
- Legal & General first half operating profit up 7%-increases in 5 out of 6 businesses expired
- Manulife "strong earnings" in second quarter expired
- Suncorp to sell life book to TAL Dai-ichi Life-to enter 20-year strategic alliance agreement expired
12th August 2018
Newslink Global Insurance Trends-The Week
This week, global insurance law firm Kennedys' survey "Brexit and the Insurance Sector: Towards 2020 and Beyond" made a case for the insurance industry to have a stronger say-the survey identifies six core areas that will safeguard future investment, talent and innovation. Marsh released its Global Insurance Market Index for the second quarter indicating property rates generally up and casualty down, and Fitch said the US workers' compensation insurance market showed strong underwriting performance for the third consecutive year in 2017. EIOPA announced it is now a member of the Sustainable Insurance Forum(SIF).
The Financial Conduct Authority(FCA), in collaboration with 11 financial regulators and related organisations, announced the creation of the Global Financial Innovation Network(GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’. AIR Worldwide released new catastrophe modelling software Touchstone Re. Majesco published another thought leadership report headed "Digital Insurance 2.0: Building your Future on a Robust Data Foundation", whilst Bahrain-based SNIC Insurance selected TCS BaNCS for Insurance solution. Prudential Corporation Asia announced it has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health. Sapiens reported increased revenue and operating income for the second quarter, and Willis Towers Watson introduced its Captive Quantified digital tool
at the VCIA Annual Conference in Vermont.
There was merger activity in the antipodes-QBE is to sell its Australian travel insurance book to nib, and TAL Dai-ichi Life is to take over Suncorp's life business, with the companies entering a 20-year strategic alliance agreement. Starr Insurance Companies is to acquire renewal rights to Aspen's aviation book. There was a senior appointment at AIG.
It was a major week for second quarter and interim result-we summarised results from Ageas, Hastings Group, Legal & General, LV=, Manulife, Prudential, Suncorp, Standard Life Aberdeen, Sun Life Financial, and Zurich; Argo, Greenlight Capital, Hannover Re, and Munich Re.
Full articles on the above topics are included in those added this week to the Newslink Global Trends Database Resource at www.onlystrategic.com