The integration of artificial intelligence (AI) into WTW's RiskAgility Financial Modeller (RiskAgility FM) marks a significant leap forward for life and health (L&H) insurers facing increasingly complex products and regulatory landscapes. As these companies strive to comply with rigorous standards
Roadzen's recent partnership with Cimarron Underwriters, LLC sets the stage for a significant evolution in the U.S. auto insurance landscape by combining cutting-edge technology with established insurance brokerage frameworks. Leveraging Cimarron's extensive Managing General Agent (MGA) licenses
AM Best, a renowned credit rating agency, recently revised the outlook for Group Ark Insurance Limited (GAIL) from stable to positive regarding its Long-Term Issuer Credit Rating (Long-Term ICR). Concurrently, it affirmed a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term ICR of “a”
In a move set to reshape the landscape of cyber insurance, CyberCube, a prominent provider of cyber risk analytics, announced a groundbreaking partnership with St. Andrews Insurance Brokers, a leading retail brokerage in Canada. This collaboration involves the implementation of CyberCube’s Broking
As Texas faces growing exposure to hurricanes and severe weather, the Texas Windstorm Insurance Association (TWIA) Board has taken a proactive stance by approving a substantial 22% increase in the reinsurance budget for 2025. This decision was driven by a sharp rise in projected losses, considering
The professional indemnity (PI) insurance market has encountered significant changes as rates dramatically decrease due to mounting competition from new entrants like Managing General Agents (MGAs). According to Clyde & Co's latest report for 2024, which gathered insights from underwriters,
