Insurance industry study shows leadership positions lack gender diversity

Insurance industry gender diversity
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The research indicated that despite the fact that there are many women employed, they are not in these roles. According to the results that have recently been released from a study in the United States, the insurance industry is lacking in gender diversity across all leadership levels, even though there are a high number of women who have positions in the field. The study involved the data of 91 publicly traded companies as well as 9 mutual companies. The study was conducted by the team of primary author Mike Angelina,…

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Insurance industry study shows coverage knowledge generation gap

Insurance Industry

The research indicated that Australians in Generation Y know more about coverage than their parents. The results of a new study conducted by TAL have just been released, and are indicating that when it comes to knowledge about the insurance industry and how to properly apply it to their best advantage. This is particularly the case in terms of life policies, as those who are younger are most likely to have them. The research showed that Australians within the Generation Y age group are more likely to say that they…

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Insurance industry study reveals how people select their plans

insurance industry plan choosing factors

Research has revealed new insight into how the choices are made regarding the policies that are purchased. Policymakers in the insurance industry are always tweaking and altering the plans that are available in order to help to make them more appealing for people to purchase, without providing an option that will be overly costly to the company when compared to the revenue it generates. This includes the concept of the “moral hazard”, in which people change their behaviors because they are covered. For instance, the insurance industry has observed –…

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Insurance-linked securities showing strong results

insurance industry report

Aon reports insurance-linked securities performing well despite economic turmoil Aon Benfield Securities, the investment banking division of the global reinsurance organization, has launched the latest edition of its annual report on insurance-linked securities. Insurance-linked securities are financial instruments whose value is determined by insurance loss events. In its latest report, titled “Evolving Strength 2012,” Aon highlights a number of key trends it has observed over the past year. These trends range from the frequency and severity of natural disasters to the issuance of catastrophe bonds. Catastrophe bond issuance on the…

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Lloyd’s of London highlights reputational risk and regulation as top concerns for insurers

Insurance Industry News Deal

Survey suggests insurers are vexed by increasing risks Lloyd’s of London, one of the world’s largest providers of insurance and reinsurance, has released the results of its latest survey concerning the global insurance industry. The survey indicates that many of the world’s leading insurance executives are becoming increasing concerned with reputational risk and insurance regulations. These concerns are spurring new actions from insurance companies, including the offering of new policies and, in some cases, the abandonment of some markets or refusal to provide coverage to controversial organizations. Stricter regulations pose…

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Severe weather leads to over $1.2 billion in insurance losses in March

Insurance industry gets hit with huge losses for 2012. Global reinsurance intermediary, Aon Benfield, which is also responsible for the Aon plc capital advising, has released its most recent Global Catastrophe report edition, which provided an overview of the global natural disaster events of March 2012. The report was published by the catastrophe model development center of excellence for the company, Impact Forecasting. It showed that a number of serious weather events struck the Tennessee Valley, the American Midwest, and the Southeast of the country during the first week of…

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Climate Prediction Center heralds the return of El Nino this year

Insurance industry on El Nino watch. The U.S. Climate Prediction Center (CPC), a government agency that provides weather information to the insurance industry and others, has raised concerns that El Nino may make a strong return to the Northern Hemisphere later this year. The weather phenomenon is notorious for the number of natural disasters it spawns throughout the Northern Hemisphere. El Nino brings an increase in rainfall and changes to temperature and wind patterns in some parts of the world. The CPC notes that El Nino could have a disastrous…

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