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US life insurers lagging rest of industry in AI
13 December 2023NAIC survey finds less than 50% of life insurers are using AI and ML
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Eiopa warns of future factors that could hit insurers' net cash flows
13 December 2023Survey of solo insurers showed the sector had difficulties in projecting cash flows
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PE insurers are better insulated against risks than rest of industry, AM Best says
12 December 2023Athene remains biggest PE-insurer as industry assets grew 15% last year
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US FIO and NAIC fissures grow
12 December 2023NAIC's "weak" criticisms of FIO data call rankles participants
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Global Atlantic seals $10bn block reinsurance deal with Manulife
12 December 2023The deal covers Manulife's life, annuity, and long-term care insurance business originated in the US and Japan
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Eiopa proposes four principles to prevent greenwashing in insurance
12 December 2023EU authority opens consultation on sustainability claims and greenwashing
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Hiscox teams up with Google Cloud on AI-powered underwriting tool
12 December 2023The insurer said AI means underwriting teams can provide a quote within three minutes
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Insurers must "sit up and take notice" after EU agrees provisional AI Act
11 December 2023The legislation is not likely to take effect until at least 2025
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Global P&C sector set to struggle in 2024 amidst continued economic slowing
11 December 2023But global life market is set to have a more stable year, Moody's says
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General insurers "too optimistic" in internal models, says UK regulator
11 December 2023Prudential Regulation Authority announces findings from thematic review
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- IFoA threatens withdrawal from AAE unless fees are cut
- Swiss regulator Finma opens enforcement case against Zurich
- Munich Re braces for price cuts, as it puts its 2026 P&C goals under review
- Climate hawk Thallinger to leave Allianz board three years early - UPDATED
- Funded re scrutiny "presenting an opportunity" for life re brokers, says Willis Re
- Counterparty risk will become "growing concern" in Japanese funded re, Fitch predicts
- "Enjoy it while you can": Bain warns insurers' luck may fade
- Generali's Lucia Silva says clearer greenwashing rules could support insurance innovation
- Chubb's Greenberg foretells London's US casualty gamble "can only end one way"