The new parametric solutions, available across perils and a range of industries, are designed to help protect clients against the occurrence of a specific and trigger-based event.
Before joining the trade association, Work served as senior vice president of government relations at the Self-Insurance Institute of America
Frequency of events is the main driver of insured loss accumulation, with severe convective storms accounting for a record high of US$64 billion in 2023
Ahmad, who will start his new position in mid-April, will be responsible for all pricing solutions, driving strategy and development across Verisk.
This partnership marks another step for Cytora in building a comprehensive data ecosystem for the insurance industry, following its collaboration with Chubb and the integration of Large Language Models into its platform.
Pool Re’s proposals to convert its reinsurance arrangements from the current facultative obligatory treaty to an annual aggregate catastrophe excess of loss treaty will take effect in April 2025.
BMS has added Tom Spraggs, Richard Austwick and Tom Woolcott to its financial and professional risks division.
The insurance broker says that the facility provides up to US $825 million in insurance capacity and will support organisations with digital assets held offline
