News

• Eiopa proposes capital charges on fossil fuel assets

  13 December 2023

  Assets pose higher market risks to insurers, authority says, as it publishes sustainability risk research

• No relaxation in reinsurers' terms and conditions, AM Best predicts

  13 December 2023

  Tightened terms and conditions have been critical to improved performance by reinsurers

• US life insurers lagging rest of industry in AI

  13 December 2023

  NAIC survey finds less than 50% of life insurers are using AI and ML

• Eiopa warns of future factors that could hit insurers' net cash flows

  13 December 2023

  Survey of solo insurers showed the sector had difficulties in projecting cash flows

• PE insurers are better insulated against risks than rest of industry, AM Best says

  12 December 2023

  Athene remains biggest PE-insurer as industry assets grew 15% last year

• US FIO and NAIC fissures grow

  12 December 2023

  NAIC's "weak" criticisms of FIO data call rankles participants

• Global Atlantic seals $10bn block reinsurance deal with Manulife

  12 December 2023

  The deal covers Manulife's life, annuity, and long-term care insurance business originated in the US and Japan

• Eiopa proposes four principles to prevent greenwashing in insurance

  12 December 2023

  EU authority opens consultation on sustainability claims and greenwashing

• Hiscox teams up with Google Cloud on AI-powered underwriting tool

  12 December 2023

  The insurer said AI means underwriting teams can provide a quote within three minutes

• Insurers must "sit up and take notice" after EU agrees provisional AI Act

  11 December 2023

  The legislation is not likely to take effect until at least 2025