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InsureTech Connect: What happens in Vegas?
Insurers piled into the Nevada desert last month to meet their technological future at the InsureTech Connect event. It all points to the inviolable certainty that insurtech is no longer just a buzzword. Sarfraz Thind reports
US set for flood of variable annuity exits
More capital and greater desire to sell VA blocks than ever before, says PwC
Three US insurers sue California utility over Camp wildfire
Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy
Insurance patent filings jump 40% in a year
Focus on pricing and telematics to make risk modelling more accurate
Cat bonds boom in Q2, says Willis
Record $4.5bn of non-life deals
Allstate estimates $440m cat losses for May
Upward revision of previous cat losses included in tally
ORSA is biggest challenge for North American CROs
Economic capital also set to occupy CROs, E&Y survey finds
Liberty Mutual reports $886m Sandy loss
While Amlin reduces its reinsurance spend for 2013
Sandy swells Q4 loss for AIG
Storm was second largest single catastrophe event for US insurer
RenRe, Allstate and PartnerRe report Q4 profits despite Sandy losses
But a Q4 loss for Argo and The Hanover