AI offers huge potential to insurers & more…Keep up with what has been happening this week in our latest insurance news round-up…
Aviva launches enhanced Freight Liability insurance on Acturis E-Trade and Fast Trade
Aviva’s Global, Corporate and Specialty (GCS) business has introduced its enhanced Freight Liability insurance to the market, with the updated product newly available on Acturis E-Trade and Fast Trade platforms.
AI offers huge potential to insurers, but also brings new risks: Morningstar DBRS
While artificial intelligence (AI) investments offer significant growth and profitability potential for insurance companies, they also bring new risks that, if not managed properly, could cause significant financial and have a negative impact on credit ratings, according to Morningstar DBRS analysts.
India’s life insurance sector set for record-breaking growth
India’s life insurance industry is on track for significant expansion, with projections indicating that gross written premiums (GWP) could reach INR14.6 trillion (US$170 billion) by 2029, according to recent research from GlobalData.
Just 3 in 10 aviation executives believe their strategy can adequately address the emerging risk challenges of the next decade
30 senior aviation representatives took part in WTW’s new report, Understanding emerging risks in the aviation industry. Of these, only one in two declared themselves confident that their business model and strategy are resilient to today’s emerging risks environment, and only 30% believe their strategy will be fit for purpose over the next decade.
