Tokio Marine has become the latest carrier to select the Grand Duchy as the location of its post-Brexit EU hub.
The (re)insurance industry is on high alert as Hurricane Irma continues to tear a deadly path through the Caribbean and toward southern Florida after reducing buildings to rubble and causing multiple fatalities on the small island of Barbuda.
Analysts at Morgan Stanley have suggested that insured losses emanating from Hurricane Harvey could total between $15bn and $40bn, which includes claims from the government-backed flood insurance scheme.
If you’re like most people, calling an insurance company isn’t among your favorite activities. That’s because the insurance industry is one of the least innovative areas for customer experience, meaning that customers typically come away from their interactions disappointed and dissatisfied.
Change is here, more is coming. The insurance market is dominated by massive national brands and legacy product lines that haven’t substantially evolved in decades. Sound familiar?