Industry
Insurtech Koop Technologies secures investment from Hyundai and Kia
US-based insurtech Koop Technologies has secured investment from South Korean automobile companies Hyundai Motor Company (Hyundai) and Kia. Koop, which is focused…
Q3 2023 update: electric vehicles related hiring actvity in the insurance industry
The global insurance industry experienced a 52% drop in new job postings related to electric vehicles in Q3 2023 compared…
Insurtech hiring activity dropped in the insurance industry in Q3 2023
The global insurance industry experienced an 11% drop in new job postings related to insurtech in Q3 2023 compared with…
John Lewis pauses electric vehicle insurance amid repair cost concerns
John Lewis has temporarily stopped offering insurance to electric vehicle (EV) drivers due to concerns over the cost of repairs.…
Chubb’s lithium-ion battery risk consortium is good news for net-zero supply chains
Chubb has launched a new Lloyd’s of London consortium intended to provide coverage for risks associated with the transit and…
Motor insurance exits due to rising claims will lead to less choice for consumers
Vitality is the latest UK insurer to exit the motor insurance market due to soaring claims costs after RSA left…
Aon registers 12% rise in net income during Q2 2023
Aon has reported a net income of $575m for Q2 2023, marking a 12% increase compared with $514m a year…
Cypress P&C selects Akur8’s modelling solution to bolster pricing capabilities
Cypress Property & Casualty Insurance Company (Cypress P&C) has selected Akur8’s Risk and Rate modelling solution to bolster its pricing…
Q3 2023 update: insurtech related patent activity in the insurance industry
The global insurance industry experienced a 4% decline in the number of insurtech-related patent applications in Q3 2023 compared with…
How did the insurance industry treat electric vehicles in Q2 2023 filings?
The global insurance industry experienced a 25% drop in company filings mentions of electric vehicles in Q2 2023 compared with…
