Tax bill causes surge in small business optimism and new insurance needs

Tax bill causes surge in small business optimism and new insurance needs

By Insurance24

HARARE, The tax reform bill passed by Congress in December 2017 has caused a wave of optimism and positivity among small business owners in the US. Many are eagerly anticipating the 20% net business income deduction which will enable them to inject more funds into business investment.

A recent poll of 2,700 

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Is insurtech moving to the mainstream?

Is insurtech moving to the mainstream?

By Insurance24

HARARE, Insurtech could be moving more towards the mainstream of the industry, an expert has said.

Laura Kalomiris, director of operations at Trov, said that one of the big trends she saw in insurtech over the course of 2017 was its move toward the mainstream as more businesses looked to jump into the innovative technology.

“A lot of new industries

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Global insurance M&A may be returning to form after slowdown

Global insurance M&A may be returning to form after slowdown

By Insurance24

HARARE, Global insurance mergers and acquisitions may be returning to form after a two-year decline, according to a new report.

There were 350 completed mergers and acquisitions in the global insurance sector in 2017, according to a new report from global law firm Clyde & Co. That’s down from 387 in 2016 – but the

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Cyber concerns outrunning risk management

Cyber concerns outrunning risk management

By Insurance24

HARARE, Few companies have faith in their cyber risk management, despite the skyrocketing stakes of an attack.

Two-thirds of 1,300 senior executives surveyed in a newly released global survey by Marsh and Microsoft ranked cyber security among their top five risk management priorities, yet only 19% felt highly confident in their ability to prevent

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AXA to swoop for XL Group for US$15.3 billion

AXA to swoop for XL Group for US$15.3 billion

By Insurance24

HARARE, It’s the big reveal ending all speculation surrounding the sale of XL Group… today the Bermuda-based firm and its buyer announced the acquisition deal that is set to create what has been described as the number one global property and casualty commercial lines insurer.

Paris-headquartered AXA has agreed to pay US$15.3 billion

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The means for expansion

The means for expansion

By Insurance24

HARARE,  BANKS AND other institutions that provide financing to the insurance industry play an integral role in enabling agencies to expand their books of business. In the current insurance landscape, standing still is akin to going backwards, and any agency that isn’t continuously looking for ways to grow by making investments in its business could face a

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Commercial insurance pricing increases for first time since 2013…Allianz in partnership to bring industry-first payment app

Commercial insurance pricing increases for first time since 2013

By Insurance24

HARARE, Average global commercial insurance pricing increased in Q4 for the first time since the first quarter of 2013, according to new data. The price hike was driven largely by global property insurance pricing, which was impacted by Q3 catastrophe losses.

Average pricing rose by 0.8% in the fourth quarter, compared

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The immense value of a ‘strong partnership’…Facebook Settles Shareholders’ Claims Over 2012 IPO

The immense value of a ‘strong partnership’…Facebook Settles Shareholders’ Claims Over 2012 IPO

By Insurance24

HARARE, Insurers and brokers are under more pressure than ever before to demonstrate value in an increasingly digitized and direct industry. Value comes in various shapes and sizes. It could be in the form of ‘above and beyond’ claims adjusting, expert risk management, or

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Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report

Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report

By Insurance24

Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS).

For medium-sized companies with annual revenues between €250 million

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