MAPFRE RE, the reinsurance arm of the Madrid-based insurer MAPFRE, reported robust financial performance for the first nine months of 2024, marking a notable milestone for the company. Premiums reached nearly €6.3 billion, indicating a 3.5% increase over the previous year. This figure includes €4.8
The recent negative outlook revision for France by Fitch Ratings does not affect the ratings of French insurers, aside from CNP Assurances SA, which now shares a negative outlook due to its integral role within La Banque Postale S.A. (LBP). Fitch maintains its assessment of Insurer Peer Score
ViVet, the UK-based Managing General Agent (MGA) and Lloyd’s Coverholder for Else Group, has announced the appointment of Alex Dalton as its new Managing Director. Dalton brings with him an impressive 15 years of extensive experience in the insurance industry, spanning international brokerage,
In the past year, from September 2023 to September 2024, the insurance sector has seen notable regulatory changes aimed at improving corporate governance, consumer protection, and international competitiveness. Stakeholders need to stay informed about these developments, which span updates from
The failure of several legislative bills in California, aimed at holding insurance companies accountable, has sparked a heated debate about the role of substantial campaign contributions from the insurance industry. This financial influence appears to shape legislative outcomes, often to the
The insurance industry is on the brink of a revolution, fueled by the integration of telematics technology. This innovative approach allows insurers to gather detailed data on driving behavior, vehicle usage, and conditions, fundamentally changing how policies are crafted and priced. The widespread
The global insurance software market is undergoing a transformative journey poised to redefine the industry's landscape. With a valuation of approximately $16.0 billion in 2023, the market is projected to reach $23.7 billion by 2030, marking a compound annual growth rate (CAGR) of 5.7%. This surge
KPMG Switzerland has joined forces with LatticeFlow AI in a notable effort to enhance AI risk assessments and compliance frameworks for businesses, focusing on managing the increasing concerns associated with artificial intelligence. This strategic partnership marries KPMG Switzerland’s extensive
In the rapidly evolving landscape of financial technology, Behavox stands out as a trailblazer, leveraging artificial intelligence (AI) to address pressing challenges in compliance and security. Established in 2014, Behavox has ascended to a prominent position within the RegTech industry by
The banking industry is at the dawn of an unprecedented transformation driven by Generative Artificial Intelligence (GenAI). This technology promises to reshape core banking functions, significantly enhancing the efficiency and effectiveness of research, risk assessment, and compliance processes.
