Insurers do not have enough capacity to cover some $23 trillion in global pension liabilities against the risk that people will live longer than expected and should seek to pass such longevity risk through to investors, Swiss Re said on Monday.
E-business pioneer and entrepreneur Jim Zuffoletti has learned that the insurance needs of emerging businesses are often driven by clients expectations.
The lack of competition and exorbitant rate charges point to a need for strong regulation of force-placed insurance programs, say consumer advocates in New York.
The lack of competition and exorbitant rate charges point to a need for strong regulation of force-placed insurance programs, say consumer advocates in New York.
The level of global investment in renewable energy is surging, but as this industry grows, new risks are emerging and firms are trying to find ways to manage them. Currently, insurance represents the most common mechanism to transfer risk to third parties, according to a Swiss Re-sponsored report from the...
Professional-liability insurance is of increasing importanceand popularityin todays economic climate as more and more people become self-employed. Agents who have clients providing professional services to others need to know that this coverage is a necessity, especially given our societys quick-to-sue mentality.
As prosperity rises in China so does the need for insurance, and the nation needs greater risk transfer penetration as it shares an unusually large burden in catastrophe risk, according to a report released by Munich Re.
WASHINGTON--Insurance should be federally regulated and Congress should create a common database of all financially related fraud enforcement actions, a private fraud investigator who attempted to