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Weather events increasing claims complexity and cost in property loss adjusting: Gallagher Bassett

Gallagher Bassett, a global claims and risk management provider operating in the UK, Europe, Middle East, Asia, North America and Australia, highlighted how changing weather patterns are leading to rising costs in loss adjustments and increasing complexity in property claims. Traditionally, insurers and claims agencies have been able to rely on seasonal patterns, regional risk…

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Swiss Re Institute forecasts non-life premium growth to slow to 0.6% in 2026

Swiss Re Research Institute, a subsidiary of the global reinsurance company, said it expects real growth in global non-life insurance premiums to slow to 0.6% in 2026, reflecting competitive pricing conditions and slowing economic momentum. Non-life insurance premium growth has slowed well below the long-term trend of 3.6% (CAGR 2015-2024). Swiss Re Institute noted that…

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APRA finalises amendments to reinsurance reforms to boost flexibility

The Australian Prudential Regulation Authority (APRA) has completed revisions to the general insurance and reinsurance framework to improve access to alternative reinsurance options while protecting policyholder interests. This reform marks the completion of APRA’s fourth commitment under the “Achieving Balance” agenda and has successfully reduced the regulatory burden on the industry. In addition, the changes…

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Gallagher strengthens Switzerland team with two new leadership appointments

International insurance brokerage Gallagher announces the appointment of two new executives, based in Switzerland: Gosia Kuczewska and Samuel Trost. Kuczewska will join the company as head of distribution and account management, bringing more than 17 years of insurance broking, underwriting and account management experience with expertise in the accident and health, property, maritime and professional…

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Quotech and Provectus deliver AI-powered underwriting tech to Convex’s new MGA platform

Quotech, a developer of integrated technology solutions for underwriting and brokerage teams, has partnered with AI systems integrator Provectus to develop a new AI underwriting tool for MGA Kinetic Insurance Services. For Convex, this partnership represents a strategic move to embed high-fidelity data directly into underwriting workflows. To differentiate itself in the MGA market, Kinetic…

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Kovrilo expands SME modular insurance offering

Kovrilo, a MISSION-backed managing general agent providing modular commercial comprehensive insurance to UK SMEs, has further developed its proposition with a series of enhancements designed to expand broker choice and improve protection against increasingly prominent business risks. Kovrilo has launched the changes in partnership with specialist engineering and technology insurer HSB, adapting its product development…

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Sompo to acquire workers’ comp insurer Service Insurance Companies

Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has agreed to acquire Service Insurance Companies, which specializes in workers’ compensation insurance, through one of its U.S. subsidiaries in an undisclosed transaction. The acquisition, which is subject to regulatory approvals and customary closing conditions, will create a compelling opportunity to expand…

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