Why insurers should embrace the cloud
By Insurance24
HARARE, Even though global insurers are embarking on digital migration projects to cloud environments, it is not happening quickly enough with independent brokerages sitting at an average adoption rate of 44 percent. Patrick Ashton, managing executive
By Insurance24
HARARE, Marsh & McLennan Companies has announced its second quarter financial results, reporting an underlying revenue increase of 3%, boosted by a strong performance in Risk & Insurance Services, which achieved 5% underlying growth in the quarter.
Consolidated revenue in Q2 of 2018 was US$3.7 billion, an increase of 7% compared with the second quarter of 2017. Total net income
By Insurance24
HARARE, Client referrals are a key part of growing any business yet some brokers still aren’t sure how to approach their customers for contacts or recommendations – now, one industry expert is offering his advice.
“Your existing client base is one of your most valuable assets and top performers generate the majority of their new business from referrals,” says Clifton Warren,
5 Top Trends In Accident Insurance
By Insurance24
HARARE, If I asked you to name a billion-dollar-selling employee benefit, accident insurance might not be the first to jump to mind.
But it is: $1.1 billion in premium last year, to be exact. Eastbridge Consulting Group reports voluntary accident insurance is an increasingly popular employee benefit, with sales surging nearly 40 percent between 2013
Fewer Severe Natural Disasters In 2018; Overall Losses Below Average
Compiled by Insurance24
HARARE, Munich Reinsurance released new data showing that worldwide natural disasters are way down so far in 2018.
Here is an overview of natural catastrophe figures for the first half of 2018:
– The overall losses of US $33 billion were roughly half those of the previous year and of the price-adjusted
Predictive analytics vital for personalised insurance
By Insurance24
HARARE, Having access to sophisticated predictive analytics has become a business priority for insurers. Being able to factor in historical and real-time data to analyse patterns, determine risk, and identify trends is now fundamental to insurance success. Kelly Preston, data analytics manager at SilverBridge, discusses its importance
By Insurance24
HARARE, Private placement life insurance and annuity programs, commonly referred to as PPLI, have quickly become a favorite strategy among ultra-wealthy investors seeking greater tax efficiency within investment vehicles.
Blockchain in insurance market expected to skyrocket
By Insurance24
HARARE, The global blockchain in insurance market is projected to grow from 2018’s US$64.5 million to US$1.393.8 million by 2023, a compound annual growth rate of 84.9%, according to a new study from ReportLinker.
A growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and a focus
How a possible IPO could impact the insurance industry
By Insurance24
HARARE, R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., is considering going public, a decision that could have a diverse array of implications for insurance firms and other companies in the finance sector.
The company is speaking
By Insurance24
HARARE, Cryptocurrencies like bitcoin have become all the rage with people viewing them either as an investment opportunity or a bubble waiting to burst. However, the technology on which these are built, the blockchain, holds significant promise for insurance. Jonathan Jardim, senior software developer at SilverBridge Holdings, takes a closer look.
The blockchain is a digitised, decentralised,