AI operational benefits arriving before financial gains for re/insurers: S&P

A new S&P survey found that most re/insurers have moved past the conceptual stage of AI adoption and into operational integration, though only around one-third say their AI strategy is fully integrated, with the rest still working toward enterprise-wide rollout. “AI is increasingly transforming the insurance industry across multiple dimensions, with widespread deployment growing rapidly,…

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How Will El Niño Impact Your Food Shop?

An El Niño weather event is now “firmly established”, and is set to intensify in the coming months, with major impacts globally on rainfall and temperature patterns. The phenomenon develops every few years, and involves the eastern and central equatorial Pacific Ocean becoming hotter than normal, according to Professor Bill McGuire, a professor specialising in…

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AM Best retains stable outlook for Canada’s P&C insurance market

AM Best, the credit rating agency and provider of insurance industry analysis, has retained its stable outlook for Canada’s property and casualty (P&C) insurance sector, pointing to strong capital positions, better underwriting performance and consistent investment income. In its latest report, Canada Property/Casualty: Strong Earnings and Improved Underwriting Results Underpin Stable Outlook, AM Best said…

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Dave Tacha joins Relation Insurance as Chief Revenue Officer

US insurance brokerage Relation Insurance Services has announced the appointment of Dave Tacha as Chief Revenue Officer, a newly created role. In his new position, Tacha will lead Relation’s enterprise revenue strategy and work across its regions and business lines to accelerate organic growth, strengthen sales execution, and support producer recruitment and development. The executive…

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Luzern Risk’s captive insurance platform raises $45m

Luzern Risk, a full-service captive manager specialising in alternative risk solutions, has raised USD 45 million in a Series B led by Insight Partners, with participation from Trust Ventures and existing investor Caffeinated Capital, to advance platform development, expand AI capabilities, and provide clients with additional options across the alternative risk value chain. Through these…

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