The convergence of businesses and services insurers develop themselves as well as wider technology and other ecosystems that they are now operating in will create major M&A opportunities for the sector this year, EY predicts.
Maiden Holdings has created an InsurTech team to help customers identify and apply emerging technologies, including when it comes to achieving strategic goals, the reinsurer said today.
Weather-related catastrophe exposures and potential claims on liability policies stemming from climate change pose significant risks to P&C (re)insurers, according to Moody's Investors Service.
The value of securities class action settlements fell by 76 percent to nearly $1.5bn in 2017, the second-lowest level in the past decade, according to Cornerstone Research.
