Insurance news worldwide

An overview of news, trends and research in the Insurance industry in all countries:

Europe

Generative AI offers insurance sector multiple routes to adding value In the insurance industry, AI has so far had the biggest impact on the areas of claims, pricing, risk selection, and customer service.
08 October 2024
Australia

The clock is ticking on APRA’s new operational risk management regulation The forthcoming Operational Risk Management regulation from APRA will have a significant impact on financial institutions.
20 September 2024
United States

West Monroe announces plans to double insurance practice by 2025 West Monroe, a Chicago-based management and technology consulting firm, on Monday announced significant investment to strengthen its insurance sector practice, which was formally launched last year.
27 August 2024
India

Life Insurance Corporation of India taps Kearney as partner for Jeevan Samarth Life Insurance Corporation of India has brought in consultants from Kearney to help the group transform and modernize its agency ecosystem.
19 August 2024
United States

ISC launches marine risk consulting unit Integrated Specialty Coverages (ISC), a Carlsbad, CA-based multi-line insurance distributor, has launched a marine risk consulting unit.
13 August 2024
Australia

Oliver Wyman's case for a 'value-driven' approach to transformation In order to keep up with market disruption and technological change, financial sector institutions in Australia have to initiate a raft of transformation programmes every year.
28 July 2024
United Kingdom

Financial services sector most mature in cybersecurity Financial services players are the most mature in terms of their cyber-security infrastructure, according to a new study from Wavestone.
16 July 2024
Australia

Why do transformations in the financial services sector fail? For Australian financial organizations that launch transformation projects, the success rate tends to be low.
03 July 2024
Saudi Arabia

Saudi’s fintech scene books ‘remarkable progress’ with more to come Saudi Arabia’s fintech sector has grown rapidly over the past years, and is poised for further growth, with the segment at the forefront of innovation and the government maintaining major impetus for
02 July 2024
United States

Capco hires Karl Canty as partner in insurance practice Capco, a financial services sector consulting firm, has hired Karl Canty as a Hartford, CT-based partner in its insurance practice.
20 June 2024
United Kingdom

Only 14% of financial services firms have AI in corporate strategy The benefits of artificial intelligence for the financial services sector are supposedly massive.
19 June 2024
United Kingdom

Insurers accelerating use of digital in customer journey While digital processes have increasingly been integrated into the customer journey of insurance businesses, uptake remains slower for AI technologies.
04 June 2024
Europe

Embedding ESG-related risks into Solvency II assessments With ESG increasingly at the forefront of strategic ambitions and regulatory compliance, risk managers in the in the insurance sector are being challenged to more deeply integrate climate-related ris
11 April 2024
Australia

NRMA Insurance taps Accenture Song for customer experience work NRMA Insurance has hired Accenture Song to help its sales & marketing team enhance its customer experience.
10 April 2024
Netherlands

Xomnia supports insurer with data architecture journey Dutch data and AI consultancy Xomnia has helped the asset management division of Dutch insurance giant a.s.r. with developing and implementing a new data architecture.
03 April 2024
Europe

'Insurance intermediaries should invest in digitalization' Intermediaries (or brokers) play a key role in ensuring that businesses and individuals can seamlessly access the insurance services of large insurers.
12 March 2024
United States

FTI Consulting buys Madison Consulting Group FTI Consulting, a global management consulting firm, has acquired Madison Consulting Group, an independent actuarial consulting firm with offices in Madison, GA and Newtown Square, PA.
08 March 2024
Bahrain

Solidarity acquisition named Islamic Finance deal of the year in Bahrain Solidarity’s acquisition of Al-Hilal Life and Al-Hilal Takaful from Ahli United Bank has been named the best financial transaction of the year in Bahrain.
18 February 2024
United Arab Emirates

Hisham Farouk 'Financial services at heart of climate change impact' The UAE chief executive of global professional services firm Grant Thornton, Hisham Farouk, outlines why the financial services sector plays a pivotal role in climate change conversations and impact
15 February 2024
United Kingdom

How insurance firms can adapt to Lloyd's Blueprint Two in 2024 In 2024, the insurance sector will need to start transitioning from systems using nearly 30-year-old technology to new solutions.
22 December 2023

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