Despite the size of its nonlife insurance market, Japan insurance penetration is very low, particularly in commercial and industrial lines, said modeler Risk Management Solutions.

Munich Re said its 2010 net income dropped 5 percent as it took a hit from natural catastrophe losses that were higher than average.

Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, provided they can show they are a good risk, according to a report released by insurance broker Marsh.

Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, provided they can show they are a good risk, according to a report released by insurance broker Marsh.

Hannover Re said its fourth-quarter net income rose 22 percent despite a year plagued by natural catastrophe losses that were above the company’s loss estimate.

Executives are operating in a new market environment, and their strategy for the future is to concentrate on growth and experiment with the possibilities of technology, according to a survey of chief information officers.

Despite all the advances in technology making the information highway a speed ramp of data, fighting insurance fraud still takes the hard work of gumshoe investigators to get the job done.

Despite all the advances in technology making the information highway a speed ramp of data, fighting insurance fraud still takes the hard work of gumshoe investigators to get the job done.