Subscribe to InsuranceERM to benefit from:
- In-depth special reports and analysis
- Commentary and insight from leading industry specialists
- Discounts for InsuranceERM events
© Field Gibson Media Ltd 2021
Subscribe now
Search Results
Prudential Financial cutting annuities to battle low interest rates
Insurer reports full year loss of $374m as company looks to less rate sensitive products
Allstate issues first bond managed solely by minority and female-owned companies
Issue comes after push to improve diversity in insurance market this year
Allstate profits rise 27% despite higher catastrophe losses
Cat losses near double to $990m as company hit by storms and wildfires
ERM plays catchup on digital transformation
Digital transformation has long been heralded as a game changer for the insurance business. However, its impact has mostly been confined to insurers' front-end processes - with risk and capital functions proving more challenging to digitalise. Ronan McCaughey explains
Allstate expects minimum $660m Q3 hit from job cuts and interest rates
US insurer's restructuring plan will cut around 8% of its workforce
Hawaiian insurers look on as hurricane Douglas approaches
State Farm Group, Heritage Insurance Holdings Group and Tokio Marine are the main writers for homeowners' multi-peril lines
Travelers warns of $114m Q2 Covid-19 losses
Insurer also expects $400m subrogation wildfire-linked recoveries in Q3
Allstate reports $1bn in cat losses for May and April
Figure nearly half of full year 2019 losses, caused by weather in Texas and Midwest
Allstate hit with $632m cat losses
The losses were for six events, plus unfavourable reserve re-estimates
Allstate profits down 57% on investments in Q1
But P&L underwriting income jumps 92% on fewer drivers in pandemic