Market News
Pinnacle and Carfax Connect To Deliver Data Analytics to Auto Insurers
Pinnacle Actuarial Resources and Carfax Banking & Insurance have launched a data analytics group to deliver actionable, data-driven insights to automobile insurers to help them benchmark their book of business against the broader market and identify adverse selection trends in areas such as annual mileage, ownership history, and damage events. Read More
Captive Insurance Is a Strategic Tool for Managing Hospital Cyber Risk
In a recent interview, Cleveland Clinic's Executive Director of Enterprise Risk and Insurance, Charles Kolodkin, and Clearwater Compliance's CEO, Bob Chaput, discuss steps in developing a hospital cyber risk management strategy and share how captive insurance companies prove to be critical in the ongoing effort to manage and reduce cyber risk. Read More
RAA Reports US Reinsurers Close 2017 with Deteriorated Combined Ratio
A Reinsurance Association of America (RAA) survey of reinsurers' statutory underwriting results reveals the combined ratio for a group of 18 US property and casualty reinsurers was 108.2 percent during the 12 months that ended December 31, 2017, deteriorating from the 95.2 percent combined ratio reported for the same period in 2016. Read More
Guernsey Finance Strengthens Hong Kong Presence with New Appointment
Guernsey Finance, the promotional agency for the island's finance industry, has announced that its dedicated Hong Kong presence is paying dividends as it appoints a permanent Hong Kong representative, Dorothy Kwok. Read More
Guernsey Captive Insurer To Cover Complex Litigation and Arbitration
Guernsey-based arbitration and litigation finance provider Burford Capital will establish its own insurance company, Burford Worldwide Insurance, in Guernsey to offer legal finance clients a new insurance product to address adverse costs risk for the larger complex commercial litigation and arbitration market. Read More