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”
Eve Systems, renowned for its Apple-only smart home products, has announced the launch of its first-ever Android app on the heels of releasing its Matter-enabled Eve Thermo smart radiator thermostat. This significant development marks a major shift for Eve, which has traditionally focused on
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
On Monday night, the city council reluctantly approved applying for grant funding for a climate risk assessment, intending to secure up to $70,000. This funding would cover 85 percent of the project costs associated with hiring consultants to conduct the assessment. The remaining $12,500 would be
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
In a significant strategic move, Optalitix, a specialist in data analytics solutions, has partnered with PwC to enhance implementation services for its underwriting and pricing platform, Optalitix Quote. This collaboration specifically aims at insurers operating within the London Market, especially
Choosing the right smartwatch can be a daunting task, especially with the myriad of options available in the market. With devices that promise everything from advanced fitness tracking to seamless smartphone integration, the choices can seem endless. The NBC Select team has tested over a dozen
Federated learning (FL) is a revolutionary machine learning technique that has emerged as a powerful tool for enabling multiple entities to collaboratively train models while keeping their data decentralized. This approach is especially relevant in the realm of regulatory technology (RegTech),
In the evolving landscape of recreational drone piloting, the necessity for proper protection has never been more pronounced. Moonrock Drone Insurance, recognizing this need, has partnered with Hiscox to extend its comprehensive insurance coverage to hobbyist and recreational drone pilots. This
The newly announced co-insurance partnership between Policy Expert, Bridgehaven, and Accredited marks a significant step in Policy Expert's growth strategy, enabling the company to enhance its capacity portfolio and broaden its product offerings within the insurance sector. This collaboration
