Maintaining testing momentum is critical for Blueprint Two adoption, even amidst general tiredness and frustration, comments WOJCIECH KOROBACZ from SollersConsulting. The current delay gives everyone more time to test the new flows - close cooperation will be crucial.

“There is a strong trend towards integrated underwriting solutions that enable insurers in the London market to rationalise underwriting and process #data more efficiently”, comments JAKUB WRÓBLEWSKI, UK London Market Lead at SollersConsulting

Sampo obtains all regulatory approvals needed to acquire Topdanmark remaining shares. reinsurancene.ws/sampo-obtains-…

ADAM MC NESTRIE and CATRIN SHI write about a possible takeover of London market insurer Hiscox by Generali Group and/or #Sompo.

After two loss making business years the UK insurer Direct Line aims at reducing costs by 165 m GBP in 2024 and 2025. “UK insurers will move to the cloud to to offer cost-effective customer services” comments ALESANDER CZARNOŁĘSKI. directlinegroup.co.uk/en/investors.h…

After strong profit increases #Sompo, #MSAD as well as #TokioMarine expect further improvements in 2024 driven by oversea growth. "In digital transformation, overseas subsidiaries will provide more stimuli for the market", comments JEREMI NAZARUK from SollersConsulting

Insurance companies currently profit on strong growth momentum, with average premium income of the leading insurance companies increasing 7% in 1q2024. Next year it will be more difficult, predicts Swiss Re.

Insurance companies are investing already a lot in IT regulation. More is coming up.

The German insurer Allianz as well as the Danish insurer Tryg were impacted by the #CrowdStrike outage versicherungsmonitor.de/2024/07/19/sof… finanswatch.dk/Finansnyt/Fors…

The LondonMarket is at the start of a fundmental change. Interesting interview of Arch Insurance International manager SIMON WILLIAMS in The Insurer

As #motor insurance rates increase by more than 10% in the US 13,4% of customers have started to shop around - but only 3,9% actually change their insurer, Insurance Journal reports based on data by J.D. Power

The insurance buisness of the French bancassurance company BNP Paribas Group increased 81% in 2q2024 driven by an extended cooperation with the #insurtech Lemonade and the #affinity cooperation with Orange

Within P&C, net premiums written of Chubb increased 10.3% year-on-year to $11.8 billion compared with $10.7 billion in Q2 2023, reports SAUMYA JAIN.

Weather-related losses have become a major problem for insurers. However, there is a lack of operational capabilities in the industry. According to a recent Sollers survey, customers expect their insurers to process claims quickly when they report a claim. sollers.eu/press/faster-c…

“Natural catastrophes are risks that insurance companies can cover, the question is the cost,” said Zurich-CEO MARIO GRECO. Reuters journalist @reutersCarolynC reports about a record first-half operating profit of Zurich Insurance .

"Our results were achieved amid significant natural catastrophe activity in the second quarter – and notably in our home market", said Allianz CEO Oliver Bäte. JACK WILLARD reports about profit growth of the insurer inspite of natural catastrophes affectiin the business.

TERRY GANGCUANGCO reports about a “meaningfully” imporoved combined ratio at QBE after 1h2024 due to lower catastrophe costs, more stable reserve development, and supportive premium rate increases.

Weather-related topics are increasingly taking centre stage in the insurance industry. Insurers need to respond and prepare. Premium increases and prevention are just one part of the answer. Technology driven innovation will help both, customers and insurers.

Banks are not fully exploiting the potential of #bancassurance. A survey conducted by SollersConsulting in collaboration with Ipsos, shows that 44% of customers say that they are open to buying #insurance from a bank. sollers.eu/press/potentia…

Caused by #floods in Quebec Insurers in #Canada face the worst ever year for #NatCat losses, reports The Insurer theinsurer.com/news/quebec-fl…