Australia's travel insurance sector is on the brink of significant transformation, with major insurance companies fiercely competing for market share. The possible acquisition of NIB Holdings' travel division, valued at approximately A$200 million, serves as a catalyst for this competitive arena.
The maritime industry faces escalating challenges as recent Houthi attacks on commercial vessels in the Red Sea threaten its security and stability. These events have not only rattled industry perceptions but also prompted reevaluations of maritime policies and risk assessments. The sinking of
In an industry long resistant to change, Surebird, a Dutch InsurTech startup, introduces a digital innovation model poised to significantly alter how consumers engage with insurance. With a recent infusion of €1.165 million in seed funding, Surebird redefines insurance management by aligning
In an intriguing development, businesses worldwide have ramped up their focus on dynamic risk management practices in response to a profound period of economic uncertainty and escalating geopolitical tensions. With the complexities of modern supply chains and financial systems intensifying,
The financial landscape of the insurance sector is undergoing profound changes, marked by a significant rise in Insurance Premium Tax (IPT) collections. Within this dynamic environment, IPT receipts have soared to £1.48 billion as of May 2025, reflecting a £50 million increase from the previous
In an exciting move within the insurance industry, Allianz Commercial has announced the appointment of Elke Vagenende as its new chief client officer. With an impressive background in underwriting, broking, and risk management, Vagenende is well-prepared to lead the company's global client
