Lloyd’s of London sets gender targets & more…Keep up to date with the latest insurance news in our weekly round-up…

Tesla invites Actuaries to help create a ‘revolutionary’ insurance company

Tesla, which has been testing an insurance product for its drivers in California, is preparting to build an insurer, one CEO Elon Musk says will be “revolutionary”, and he’s inviting actuaries to join his cause. “I would love to have some high energy actuaries, especially. I have great respect for the actuarial profession. You guys are great at math. Please join Tesla, especially if you want to change things and you’re annoyed by how slow the industry is. This is the place to be. We want revolutionary actuaries,” Musk said on a call with analysts on July 22.

Willis Towers Watson increases revenue, grows reinsurance business

Re/insurance broker Willis Towers Watson has increased its overall revenue by 3% during the second quarter of 2020, helped by organic growth and favourable renewal factors for its reinsurance business.

Lloyd’s of London sets gender targets for top management

Lloyd’s of London has set gender targets for the first time, telling insurance companies that work in the market that over a third of senior leadership roles must be filled by women by the end of 2023.

Lloyd’s of London gives green light to Covid-19 vaccine insurance

Lloyd’s of London has approved a new insurance product to cover the storage and transportation of Covid-19 vaccines to emerging economies.