Insurance Europe calls for clarification on ‘greenwashing’ risk & more…Keep up with what has been happening this week in our latest insurance news round-up…
Insurance Europe, the European insurance and reinsurance federation, has responded to the European Supervisory Authorities’ call for evidence on ‘greenwashing’, saying that time and further regulatory clarification is needed to address this risk.
Saga Plc – the businesses of which span cruise, travel, insurance, money, and media – has issued a trading update a day after it was confirmed that discussions are being held to potentially sell the group’s in-house underwriter Acromas Insurance Company Limited (AICL).
Beazley has launched a new private equity liability insurance product for D&O risks inherent to the portfolios held by private equity firms.
COVU, the only all-in-one AI-enabled digital platform for insurance agencies, has released a new executive forecast on the industry shift toward using generative artificial intelligence (AI) tools to help insurance agencies streamline operations, customer service, and cross-selling opportunities.
“As a rule, our customers have a clear understanding of the risks they face,” said Alex Morgan chief risk officer (CRO) for Zurich Asia-Pacific. “However, there’s always a tendency to underestimate tail-risk in known scenarios.”