Operations/tech

Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.

Gaining market share while avoiding any new business penalty will be an interesting balancing act if the firm is to meet its 2026 targets.

The firm puts the failed Aon merger behind it and sets expansive targets, but those goals may prove hard to balance.

After Willis Towers Watson’s attrition rate rose 22% amid the Aon merger uncertainty, executives are seeking to dial back a talent drain.

“We think hard about culture in all of our companies, and that is our main competitive advantage,” the outgoing CEO said on a podcast.

The Pennsylvania carrier had been critiqued by the activist Harbert for holding excess capital that it claimed was dragging down returns.

Major increase in incentive pool represents an early step from management to shore up its staff base.

Alkymi’s core products Data Inbox and Patterns allow businesses to accelerate processes by analyzing data in emails and documents.

The company applies user-based technology already used in auto insurance to property business.

The division will employ 60 data scientist and analysis employees to serve the group’s global customer base.

The insurer has published its first-ever ESG report, detailing diversity and equality initiatives, along with pledges to cut carbon emissions.

Universal Fire & Casualty Insurance Company said it is now accepting a variety of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.