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