WTW and Cornell University partner to predict drought & more…Keep up with what has been happening this week in our latest insurance news round-up…
QBE Insurance Group reduces reinsurance expenses
This decrease came despite modest cost increases in parts of the company’s reinsurance program.
WTW and Cornell University partner to predict drought and prepare for water scarcity
WTW, a leading global advisory, broking, and solutions company announced today a new scientific partnership with Cornell University to quantify the risks of severe and sustained drought worldwide. This collaboration will provide an in-depth view of global exposure to drought risks and the potential effects of water shortages on business operations.
100-year lives – how age impacts the insurance industry
We’re getting older – and insurance is taking a hit.
European insurers face rising costs and regulatory challenges with AI governance: Fitch Ratings
Fitch Ratings, a global credit rating agency, reports that the European insurance sector will face rising regulatory challenges and associated costs as the European Insurance and Occupational Pensions Authority (EIOPA) embarks on a public consultation to refine AI governance and risk management practices.
Resilience expands cyber insurance to US clients via London market
Resilience has expanded its partnership with RSA Insurance to underwrite cyber insurance for US clients on a surplus lines basis from London.
