By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amount paid of those claims increases, insurance becomes more expensive. A measure of underwriting profitability for insurance carriers is the combined ratio calculated as losses and expense divided by … Read more
A joint study by SecurityScorecard and KPMG found that 90% of companies in the energy sector that sustained multiple breaches had security issues caused by third-party vendors. In collecting data on the 250 largest energy companies, SecurityScorecard and KPMG found that third-party risk drives 45% of breaches in the U.S. energy sector — a number … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Chinese artificial intelligence companies are driving down costs to create competitive models, as they contend with US chip restrictions and smaller budgets than their Western counterparts. Start-ups such as 01.ai and DeepSeek have reduced prices … Read more
While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss experience in the sector to-date this can still drive property catastrophe reinsurance rates higher at the January … Read more
“We now have 4 fashions to promote in Hong Kong starting from about HK$500,000 to HK$2 million. After the brand new tax regime is applied in April, we’ll have just one mannequin that permits patrons to benefit from the tax incentives,” salesman Chan mentioned. What’s the excitement over Hong Kong funds? Is it time to … Read more
