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Newslink Global Insurance Trends

This week, with most half year and second quarter financials revealed earlier, it was technology developments which caught Newslink's attention...

...Mosaic Insurance and DXC Technology launched an innovative technology platform for specialty insurance, and Whitespace Platform, the fully digital e-trading platform for brokers and insurers, celebrated the second anniversary of its launch and reported on progress-the London Market way of working is to be streamlined quicker through these and other major initiatives. Guidewire acquired HazardHub, a leading US InsurTech provider of API-driven property risk insights, and Hiscox-owned Singapore-based DirectAsia went live with Sapiens' Digital Core Upgrade. Forrester announced new research on Connected Insurance, HDI Global launched a new remote risk survey app: Virtual risk inspections for industrial customers, and Quotall announced a strategic partnership with Acrisure.


The Intergovernmental Panel on Climate Change(IPCC) opened a week-long virtual meeting of experts to advance preparations of the Synthesis Report, the final product of its current assessment, whilst CCRIF is to make a $40m payout to the Government of Haiti following the recent devastating earthquake. GlobalData forecasted that the General Insurance industry in Japan is to reach US$133.1bn in premiums in 2025, and also separately highlighted that the Life insurance industry in Indonesia should recover from 2021. The Geneva Association issued a new report headed "New Care Models: How insurers can rise to the challenge of older and sicker societies".


AXA is to sell its Singapore business to HSBC. Barclays Bank is to partner with Simply Business to provide small businesses with quick and easy access to a panel of insurance providers. Hudson Structured Capital Management acquired a majority stake in Occam to fund growth strategy, and DARAG announced a Loss Portfolio Agreement with Insr Norway. Marsh and Citi have developed an innovative risk structure to help Gavi speed delivery of COVAX vaccines to the world. AIA Group, Vienna Insurance Group(VIG) and Ardonagh announced latest financials. The Willis Towers Watson board unanimously selected its head of investment Carl Hess as the company’s new president and next ceo. There were senior appointments at Beazley and Swiss Re.

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Aviva
464.1
GBX
+10.7%
Hiscox
926.4
GBX
+0.9%
Beazley
580.5
GBX
+0.9%
Munich Re
235.4
EUR
+2.3%
Aon
297.8
USD
+1.5%
Enstar Group
197.4
USD
+2%
Everest Re
263.8
USD
+1.1%
Travelers
165.1
USD
+1.3%
Allianz
183.3
USD
+1.1%
Marsh & McLennan
168.8
USD
+1%
Chubb
191.3
USD
+0.8%
Hannover Re
75.2
USD
+2%
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