Munich Re

Majesco Gears Up for an Action-Packed Week at InsureTech Connect

Retrieved on: 
Tuesday, October 17, 2023
Professional Services, Technology, Data Analytics, Insurance, Software, Fintech, Customer, Customer experience, EPMO, Risk, Electron capture, Service, Booth, Growth, Quality, Munich Re, Mandalay Bay, MGA, Management, Majesco Entertainment

Majesco , a global leader of cloud insurance solutions for insurance business transformation, today announced it is gearing up for the much-anticipated 2023 InsureTech Connect event with an exciting panel session and booth exhibit.

Key Points: 
  • Majesco , a global leader of cloud insurance solutions for insurance business transformation, today announced it is gearing up for the much-anticipated 2023 InsureTech Connect event with an exciting panel session and booth exhibit.
  • This annual event is set to take place at the Mandalay Bay in Las Vegas, running from October 31st through November 2nd.
  • “We’re excited to be part of InsureTech Connect once again this year and proud to support an event that empowers digital transformation, growth and innovation for the industry,” says Adam Elster, CEO of Majesco.
  • “Over the last year, we’ve invested in game-changing, innovative product capabilities that are poised to drive the insurance industry forward.

AM Best to Sponsor 2023 International Conference on Inclusive Insurance

Retrieved on: 
Monday, October 16, 2023
Insurance, Professional Services, AM Best, National Insurance, Tokyo International Conference on African Development, Organization, AM, Growth, Munich Re, News, Conference, Management

AM Best will sponsor the International Conference on Inclusive Insurance, which will be held 23-27 October 2023 in Accra, Ghana.

Key Points: 
  • AM Best will sponsor the International Conference on Inclusive Insurance, which will be held 23-27 October 2023 in Accra, Ghana.
  • The International Conference on Inclusive Insurance is organized by the Munich Re Foundation in collaboration with the Microinsurance Network and is focused on identifying ways to accelerate growth and economic viability in microinsurance and other inclusive insurance products.
  • This year’s hosts are the National Insurance Commission of Ghana, the Ghana Insurers Association and the Insurance Brokers' Association of Ghana.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best to Host Webinar on Evolving Cyber Risk Landscape

Retrieved on: 
Monday, October 2, 2023
Internet, Security, Professional Services, Technology, Insurance, Munich Re, News, EDT, USD, Computer security, Arms industry

AM Best will host a complimentary webinar entitled “How Insurers are Tackling the Evolving Cyber Risk Landscape,” sponsored by Munich Re on Wednesday, Oct. 18, 2023, at 2 p.m. EDT.

Key Points: 
  • AM Best will host a complimentary webinar entitled “How Insurers are Tackling the Evolving Cyber Risk Landscape,” sponsored by Munich Re on Wednesday, Oct. 18, 2023, at 2 p.m. EDT.
  • According to Cybersecurity Ventures, global cybercrime costs are estimated to reach USD 10.5 trillion by 2025.
  • In this one-hour webinar, a panel of cyber risk experts will address predicting, preventing and responding to cyber threats in an effort to maintain a resilient and sustainable cyber insurance market.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

BLUETTI Announces Essential Safety Guidelines for Dealing with Unexpected Power Outages

Retrieved on: 
Friday, September 15, 2023
Insurance, Communication, Drinking water, CPAP, Life, Safety, Wildfire, Munich Re, Emergency, Government, Flood, Documentation, Earthquake, UPS, Weather, Natural disaster, Lithium iron phosphate, Family, News, Social media, AU, Risk management, Video game, Electric battery, Heating, ventilation, and air conditioning

While we can't prevent these events, we can certainly mitigate their impact, especially when it comes to the power outages that inevitably follow.

Key Points: 
  • While we can't prevent these events, we can certainly mitigate their impact, especially when it comes to the power outages that inevitably follow.
  • BLUETTI, a pioneering name in power storage solutions, offers crucial safety tips to help you and your loved ones prepare for and cope with sudden power loss during these trying times.
  • BLUETTI's AC300+B300 and EP500Pro power solutions offer seamless 24/7 UPS backup protection from power outages, keeping your home running as usual.
  • Now, BLUETTI is discounting the EP500Pro+PV350 bundle for $6,299 to help you protect your home from losing power.

Markel expands global terrorism offering with senior North America leader

Retrieved on: 
Tuesday, August 29, 2023
Insurance, Markel Corporation, Violence, MKL, Head, Terrorism, Fatal Five, Munich Re, NYSE, Tourism

LONDON, Aug. 29, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Andrew Umphress as the head of terrorism for North America.

Key Points: 
  • LONDON, Aug. 29, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Andrew Umphress as the head of terrorism for North America.
  • The appointment signals Markel's commitment to broadening the scope of its offering to clients across North America as geopolitical risks escalate worldwide.
  • Umphress will be based at Markel's New York office and report to Ed Winter, director of terrorism, in London.
  • He joins Markel from Munich Re Specialty, where he was vice president and senior public entity property underwriter.

Best’s Market Segment Report: Munich Re Remains World’s Largest Reinsurer in AM Best’s Top 50 Ranking

Retrieved on: 
Tuesday, August 22, 2023
Insurance, Professional Services, SCOR, AM Best, Munich Re, Life, ALL, AIG, USD, Swiss Re, Russian National Reinsurance Company, Acquisition, Berkshire Hathaway, CEST, AM, Research, Health, News, Reinsurance, Fatal Five

The two global reinsurers together account for one quarter of the top 50 reinsurance gross premiums written in 2022.

Key Points: 
  • The two global reinsurers together account for one quarter of the top 50 reinsurance gross premiums written in 2022.
  • The Best’s Market Segment Report, “World’s 50 Largest Reinsurers,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.
  • According to the report, total reinsurance gross premiums written by the top 50 reinsurers increased by 2.6% to USD 363.6 billion in 2022.
  • To access the full copy of this market segment report, which includes additional sub-rankings for life and non-life reinsurers, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=334851 .

Media Passes Available for Reuters Events: Connected Claims USA 2023

Retrieved on: 
Monday, August 21, 2023
Berkshire Hathaway, USAA, AXA, Hanover, Austin Convention Center, Munich Re, EVP, Principal Financial Group, Chubb, Lloyd's of London, AmFam, Liberty Mutual, Westfield, Organization, AmTrust Bank, Artificial intelligence, XL, Ecosystem, Allstate, Mount Everest

London, United Kingdom--(Newsfile Corp. - August 21, 2023) - Connected Claims USA is set to gather 700+ claims executives this September 26-27, at the Austin Convention Center, TX.

Key Points: 
  • London, United Kingdom--(Newsfile Corp. - August 21, 2023) - Connected Claims USA is set to gather 700+ claims executives this September 26-27, at the Austin Convention Center, TX.
  • Complimentary passes are now available for members of the media to attend all sessions and networking events.
  • Click here for complimentary access to Connected Claims USA 2023.
  • Only with the right people, partnerships and solutions can these challenges be overcome - Connected Claims USA is the leading destination for claims executives to set their future strategy.

Triple-I: Private Flood Insurers Seize Opportunities to Grow Market Share

Retrieved on: 
Thursday, August 17, 2023
Professional Services, Insurance, Natural Disasters, Environment, Government, Munich Re, Sound, Milliman, National Flood Insurance Program, Risk, Partnership, NFIP, Insurance Information Institute, Appetite

As the federally backed National Flood Insurance Program (NFIP) faces obstacles in the rollout of its new rating program that is generating premium increases for many of its policyholders, the private flood insurance market has benefited by significantly growing its market share across the U.S., according to an issues brief published today by the Insurance Information Institute (Triple-I).

Key Points: 
  • As the federally backed National Flood Insurance Program (NFIP) faces obstacles in the rollout of its new rating program that is generating premium increases for many of its policyholders, the private flood insurance market has benefited by significantly growing its market share across the U.S., according to an issues brief published today by the Insurance Information Institute (Triple-I).
  • The issues brief, Flood: State of the Risk , indicated that the U.S. flood insurance market had grown 24 percent – from $3.29 billion in direct premiums written to $4.09 billion between 2016 and 2022 – with 77 private companies writing 32.1 percent of the flood business across the country as of Dec. 31, 2022.
  • Sixty-four percent of homeowners and renters surveyed responded that their residences were not at risk from flood, and another 14 percent were unsure of their flood risk.
  • Proportionally few homeowners buy flood insurance unless their mortgage lender requires it, and surveys have shown that many people incorrectly believe their standard homeowners policies cover flood damage.

Cybersecurity Insurance Market worth $17.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, August 18, 2023
Insurance, Zurich Insurance Group, AXA, AIG, Privacy, Research and development, Risk, SecurityScorecard, R, Organization, SafeBreach, PCAP, Policy, HITECH, SentinelOne, ANZ, Growth, Lloyd's of London, Vectra, The Travelers Companies, Endpoint detection and response, Defender, Munich Re, COVID-19, MEA, Liberty Mutual, Government, Research, Bermuda, SME, Partnership, CNA, CYE, EDR, Marsh McLennan, AXIS Capital, HIPAA, Financial services, Risk management, Medical device, Arms industry, Microsoft, Chubb, Allianz, BitSight, Accenture, Cisco, Broadcom Inc., Computer security

Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.

Key Points: 
  • Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Cybersecurity Insurance Market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Cybersecurity Insurance Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Cybersecurity Insurance Market.

Cybersecurity Insurance Market worth $17.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, August 18, 2023
Insurance, Zurich Insurance Group, AXA, AIG, Privacy, Research and development, Risk, SecurityScorecard, R, Organization, SafeBreach, PCAP, Policy, HITECH, SentinelOne, ANZ, Growth, Lloyd's of London, Vectra, The Travelers Companies, Endpoint detection and response, Defender, Munich Re, COVID-19, MEA, Liberty Mutual, Government, Research, Bermuda, SME, Partnership, CNA, CYE, EDR, Marsh McLennan, AXIS Capital, HIPAA, Financial services, Risk management, Medical device, Arms industry, Microsoft, Chubb, Allianz, BitSight, Accenture, Cisco, Broadcom Inc., Computer security

Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.

Key Points: 
  • Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Cybersecurity Insurance Market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Cybersecurity Insurance Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Cybersecurity Insurance Market.