Author: halcyonltd

Germany-based DEVK’s reinsurance operations continued to expand in 2025, with non-group reinsurance premiums written by DEVK RE and Echo Re rising 3.2% year on year to €1.41 billion and the client base growing to 1,057 insurers across 132 countries, Reinsurance News reports. The business also delivered strong underwriting performance, posting a combined ratio of 90.4% […]

The World Bank’s board has approved a five-year $400 million program designed to strengthen Morocco’s resilience against climate and natural disasters and expand cyber risk coverage in the country, Artemis reported. The program will explore a wide range of risk transfer instruments and structures, including catastrophe bonds and parametric triggers.

By Jeff Dunsavage, Head of Research Publications and Insights, Triple-I Oklahoma homeowners insurance premiums are escalating due to a range of factors. A new Triple-I Policy Brief discusses the drivers of this trend and cautions state legislators to make sure any attempts to contain these rising costs target its underlying causes. “Because insurance is integral … Continue reading Storms, Inflation, Fraud Fuel Rising Homeowners Rates for Oklahomans →

By Lewis Nibbelin, Research Writer, Triple-I Personal auto insurance premiums represent multiple aspects of the affordability crisis U.S. consumers face today, and a panel discussion at the Brookings Center on Regulation and Markets this week helped define and clarify them. Panel moderator Aaron Klein, Miriam K. Carliner Chair and senior fellow in Economic Studies at … Continue reading Clarifying Drivers of Rising Auto Premiums →

By Lewis Nibbelin, Research Writer, Triple-I At least 10 percent of property/casualty insurance claims may be fraudulent, adding up to billions of dollars in fraudulent insurance claims every year, the National Insurance Crime Bureau estimates. While legislative reforms are necessary to combat fraud and legal system abuse, many insurers are turning to artificial intelligence and … Continue reading How AI Helps Insurers Combat Fraud, Legal System Abuse →

By Loretta L. Worters, Vice President, Media Relations, Triple-I Roof damage is a leading driver of insured losses and recovery costs. When a roof fails, the damage rarely stops there. Water intrusion can destroy interiors, equipment, inventory, and critical infrastructure, often leading to business interruptions, displacement, and significant financial hardship. As hurricanes, hailstorms, tornadoes, wildfires, … Continue reading Partnering for Resilience: Protecting Homes Through Stronger Roofs →

The European Council has sanctioned a new round of companies supporting Russia’s war in Ukraine, including Russian oil company PJSC Gazprom and Lukoil West Siberia Ltd., as well as a maritime insurance broker linked to Russia’s shadow fleet, The Maritime Executive reported. The listing includes a total of 24 entities and their vessels, which have […]

The Indian government plans to sell up to a 5% stake in General Insurance Corporation of India through an offer for sale, part of its effort to meet the market regulator’s minimum public shareholding requirement for the company, Reuters reported. The government previously sold a ⁠3% shareholding in September 2024.