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Singapore-based boutique insurance solutions consultancy Kairos Risk Solutions has launched the Weather Data Platform, an advanced analytics tool designed to improve climate risk assessment and enhance the use of parametric insurance solutions through localized, data-driven weather forecasts. The company said traditional weather models tend to lose reliability beyond short-term forecasts, limiting insurers’ ability to plan…
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Edrick Tang as Asia Pacific (APAC) senior underwriter, effective immediately. In this role, Tang will oversee the underwriting performance of the product line and lead the execution of the product’s growth strategy in Asia. The appointment aligns with Liberty’s strategic focus to…
As data centers have grown from modest buildings to complex, multi-billion-dollar campuses, the insurance industry has been focusing on risky engineering, an attractive proposition that has also fostered competitive rating structures, brokerage Lockton reported. In its recent data center market update, Lockton noted that despite asset sizes reaching unprecedented heights, a surge in new capacity…
White Mountains released fourth-quarter 2025 results for its property and casualty reinsurance unit Ark/WM Outrigger, with gross written premiums (GWP) of $268 million and a combined ratio of 77%. GWP increased slightly in the fourth quarter of 2025 compared to $264 million in the fourth quarter of 2024, while the combined ratio for the quarter…
Reductions in extreme weather losses and continued growth in premiums are expected to result in net underwriting earnings for the U.S. insurance industry reaching $35.3 billion in the first nine months of 2025, according to Verisk and the American Property Casualty Insurance Association (APCIA). The results are based on annual statements filed with insurance regulators…
Lockton Re, MENA announces the appointment of Bayan Ismaeel as Senior Account Manager for its Life & Health business. Ismail brings eight years of industry experience, combining commercial insight and actuarial expertise. She joins Lockton Re from Guy Carpenter, where she most recently served as Assistant Vice President. Prior to this, Ismaeel spent two years…
Ivans, a division of Applied Systems, released Ivans Index results for January 2026, showing year-over-year increases in average premium renewal rates for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. Conversely, workers’ compensation premium renewal rates declined during the same period. On a month-to-month basis, premium renewal rate change decreased…
Ivans, a division of Applied Systems, released Ivans Index results for January 2026, showing year-over-year increases in average premium renewal rates for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. Conversely, workers’ compensation premium renewal rates declined during the same period. On a month-to-month basis, premium renewal rate change decreased…
The Latin American (LatAm) insurtech market will continue to recover and mature in 2025, with the number of active companies reaching 536 and investment volume reaching $199 million, according to findings from the 11th edition of Mapfre’s “Latin America Insurtech Journey” report. Investment surged 117% year-on-year, making it the third strongest year on record, behind…
The Insurance Development Forum (IDF) has appointed Alexander De Croo, Administrator of the United Nations Development Program (UNDP), and Tsutomu Yamamoto, Managing Director of the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), as Public Sector Co-Chairs of the Steering Committee. De Croo and Yamamoto succeed Achim Steiner and Hiroshi Matano respectively. In their new…