Disruptive is a word tossed around a lot in the world of insurance technology, but its difficult to argue with Deloitte Consultings Steve Packardand othersthat the use of telematics to make up what is known as usage-based insurance (UBI) fits that description.

Disruptive is a word tossed around a lot in the world of insurance technology, but its difficult to argue with Deloitte Consultings Steve Packardand othersthat the use of telematics to make up what is known as usage-based insurance (UBI) fits that description.

The insurance industry must play a key role in spurring positive movement on dealing with the environmental issues caused by climate change, says a report from the advocacy group Ceres.

Competition is overcoming a need for rate increases and policy tightening among providers of directors and officers policies for private companies and nonprofits.

A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers.

Munich Re said it was considering launching a fund to allow investors to buy catastrophe bonds and other insurance linked securities to build on the growing demand for the instruments that are linked to natural disasters.

As the world becomes increasingly precarious, new risks have either not been addressed or have been by the industrys refusal to accept the risk, said insurance industry legend Patrick G. Ryan.

This week, as it has done now for the past 11 years, Lloyds opened its arms to those considered the best and brightest U.S. brokers with the aim of educating them about an often misunderstood market in the industry.