Austrian cryptocurrency outfit Bitpanda is to invest $10 million to create a dedicated AI division.
American International Group, Inc. (AIG) has reported pre-tax income of $1.2 billion within its General Insurance (GI) business for the first-quarter of 2022, which reflects a $373 million improvement in underwriting income on the back of a stronger combined ratio.
With the vast majority of people using its services through their banks, American person-to-person payments provider Zelle is shutting down its standalone app.
Vroom is shaking up executive leadership at its captive, United Auto Credit. United Auto Credit (UACC) co-President and Chief Executive…
ICEYE, a global leader in Synthetic Aperture Radar (SAR) satellite operations, has launched five new SAR satellites to close critical information gaps, giving insurers the situational awareness to protect communities, target resources, and speed recovery.
NatWest is to make its digital identity service for legally binding documents via Adobe Acrobat Sign available to customers in the Nordics.
EBA Clearing has announced that the testing for its Fraud Pattern Anomaly Detection (FPAD) Verification of Payee (VoP) solution confirmed that it is ready to scale.
Coronavirus, P/C Insurers, Risk Management
The London Stock Exchange Group (LSEG) has sold a 20% stake in its Post Trade Solutions business to a consortium of 11 banks.
Analysts at J.P Morgan have stated that cyber insurance is one of the fastest growing markets within insurance with premiums growing at a 27% CAGR (2017-21), but despite the high growth in the class, analysts have said that profitability is strong, with an average combined ratio of 77% vs 100% for the wider property & casualty (P&C) market.
Agents and Brokers, P/C Insurers, Reinsurance Allianz, Axis, Swiss Re
The International Group of P&I Clubs (IG) has finalised its 2025/26 Group Excess of Loss Reinsurance contract (GXL) structure, demonstrating continued support from key reinsurance partners despite a challenging year marked by increased pool claims and an active hurricane season.
