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Asbestos and environmental losses fail to slowdown - AM Best
Overall asbestos and environmental losses have hit nearly $150bn
Rating agencies warn of insurtech bubble
A glut of money has flowed into insurtech start-ups, raising concerns that investors are fuelling a bubble in the sector. The situation has also highlighted the challenge of defining “true” insurtech innovation. US editor Sarfraz Thind reports
Hurricane Michael: KCC estimates almost $8bn insured loss
Nearly half of insured loss estimated to have occurred in two Florida counties – Bay and Gulf.
Insurers' commitment to ESG "not a fad that is likely to fade"
AM Best monitoring impact on credit rating from managing environmental, social and governance risk
Snowballing California wildfire losses the "new normal" warns A.M. Best
Numerous factors are contributing to higher fire risk
Ireland beats Luxembourg as insurers' Brexit relocation base
But Luxembourg is top pick for firms with no pre-existing presence
Accounting standards a bigger threat than cyclones to Gulf insurers' capital
AM Best rates UAE particularly at risk if more prudent approach taken to write-offs
Plan for cyber-attacks, warns regulator
Cyber-attacks have grown and can be easily transmitted between parties, regulators have cautioned
Hong Kong reinsurers to gain preferential treatment from China
Lower capital charges to be awarded to Chinese insurers ceding business to Hong Kong reinsurers
AM Best sees GDPR pressure mounting on European insurers
EU data regulation comes into force later this week