Where’s the insurance industry at in terms of female representation at the top?

The Association of British Insurers (ABI) has released new information from its annual talent and diversity data collection, which the trade body believes is an indication of the progress made within the insurance and long-term savings industry when it comes to female representation at the most senior level.

According to the ABI, women now hold 29% of board roles – an improvement from 2019’s 25%. Meanwhile preliminary figures show that 24% of executive level positions in the sector are held by women. 

“It’s encouraging to see the growing female representation at the most senior levels of the insurance and long-term

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2020 leaves an uneven mark on the insurance industry

In 2020, the pandemic was far from the only burden weighing on the insurance industry. Catastrophe claims, for example, were also notable and appeared to drain many companies’ resources in a period where their coffers were already strained by expenses brought on by COVID-19. QBE was one of the companies that was impacted on both ends (CATs and COVID) during 2020, posting an underwriting loss of $869 million, an insurance loss of $727 million, and a staggering net loss after income tax of $1.52 billion. By comparison, QBE reported a net profit after income tax for 2019 that totalled $550

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Around the P&C insurance industry: February 24, 2021

News from J.D. Power, Accuity, CORE Group and more. (Photo: Shutterstock)

J.D. Power reported 77% of auto insurance customers are either actively shopping for a new carrier or have experienced an adverse event that triggered shopping activity. Against this backdrop of rapid-fire swings in customer sentiment, J.D. Power has developed a solution to provide daily metrics on auto insurance customer shopping activity at a brand level. The new J.D. Power Auto Insurance Loyalty Indicator & Shopping Trends, fueled by SurveyMonkey Market Research Solutions, offers the industry’s most current, comprehensive view of auto insurance customer shopping behaviors at the national and

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Lloyd’s warns of Internet of Things device threat to insurance industry cyber risk

IoT gadgets are raising the threat of attacks and breaches to industrial and manufacturing businesses.

Internet of Things (IoT) devices are raising insurance industry cyber risk, according to a new Lloyd’s report published in conjunction with CyberCube cyber analytics specialist, and Guy Carpenter reinsurance broker.

As digital threats become increasingly complex, insurers are warned to better understand emerging risk.

The Lloyd’s report was titled “The Emerging Cyber Threat to Industrial Control Systems”. It outlined the need for insurers to better understand the evolution of threats and how this sophistication changes insurance industry cyber risk. It underscores the need for

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Key Trends, Regulatory Developments and COVID-19 Impact Analysis

DUBLIN, Feb. 23, 2021 /PRNewswire/ — The “Global Liability Insurance Market to 2023 – Overview, Key Trends, Regulatory Developments and COVID-19 Impact Analysis” report has been added to ResearchAndMarkets.com’s offering.

The ‘Global Liability Insurance Market to 2023’ insight analysis report provides in-depth market analysis, information, and insights into the global and regional Liability insurance industry.

It provides values for key performance indicators such as written premium and loss ratio during the review period (2015-2019) and forecast period (2019-2023).

The report gives a comprehensive overview of the global and regional Liability insurance industry, key lines of business, key trends, drivers,

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Is COVID-19 Forcing Insurance Industry to Catch Up with the Times?

As more and more of their clients turn to digital solutions, insurance companies must do the same if they want to be successful.

Over the past year, digital adoption in the industry grew by 20% and a TransUnion survey found that almost 40% of respondents who filed a claim last year did so through the use of a mobile app, website portal or email.

COVID-19 has upended and affected every type of industry across the globe causing most to scramble to adjust to a new normal. The insurance industry is no

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