Insurance Business – Technology and Change Two confirmed data points from Allianz Commercial UK’s 2026 risk assessment – cyber is on top, growth in AI Data Note: The source (Adam Lloyd, Allianz Commercial UK, February 2026) confirms two specific positions: Cyber remains #1, and AI moves from #5 to #2. Full rankings for all other…
In the insurance business, a devastating hurricane season or a mispriced book of policies can turn a profitable giant into a red-ink machine overnight. But what happens next – whether a company rights the ship or goes into permanent underperformance – tells a deeper story of management quality, capital discipline, and whether anyone at the…
Regulatory variables in the accelerating industry Bateson has spent 40 years in the insurance industry. When he started underwriting, technology was essentially absent from the desk. Now, underwriters have access to vast amounts of third-party data and unstructured information that would have been unimaginable at the beginning of their careers. He hopes that the continued…
Double line chart showing indexed CPI-U values from 2015 to 2026 for appliances, hardware and supplies versus home insurance. Hardware costs increased rapidly from 2021, reaching around 129 by 2026, while insurance increased slowly to around 119, reversing the earlier relationship. Tools, Hardware and Supplies home insurance Both series start at 100 in 2015. Hardware…
What does the deal mean for the broker network? For Australia’s insurance broking community, the structural details of the proposed transaction are of paramount importance. Under the terms outlined in the ASX announcement, the consortium intends to break up the giant company founded by Robert Kelly (pictured), who has led the firm for three decades….
“Our target is to reach a global turnover of US$1 billion by the end of fiscal year 2031,” Bruce said. “This reflects our commitment to driving growth while meeting the changing needs of our customers, while maintaining the unique culture that sets Kennedys apart. To achieve this, we are investing further in our people, processes…
“With rising costs, economic pressures and growing mental health needs, employers are under real scrutiny to decide where benefits dollars will have the greatest impact,” said Andrew Stocker, president of employee benefits at Voya. “The most effective organizations are using data and real employee insights to determine what to offer – and then making those…
Lockton Re and Reinsurance Markets Lockton Re’s nearly 15% growth came as insurers faced capital constraints, emerging market dynamics and portfolio optimization challenges – conditions that, in the current environment, have increased demand for sophisticated advisory support. The reinsurance arm continued to build its capital markets and capital advisory capabilities during the year, investing in…
Louisiana’s approach has produced measurable results. According to a report from the Louisiana Legislative Auditor, homeowners who upgraded their roofs to Fortified standards saw a 22% reduction in their average annual premiums, with more than a quarter of participants saving $2,000 or more per year. The state offers a $10,000 income tax credit for the…
A bill that cleared the Hawaii Legislature, SB 2930 (introduced by Senators Angus McKelvey, Stanley Chang and Troy Hashimoto), would increase the spending limits on the State Risk Management Revolving Fund established under Section 41D-4 of the Hawaii Revised Statutes. This fund holds property and liability insurance proceeds received by the state after state facilities…
