Skip to main content
All Posts By

ldoherty

Allianz reports massive financial results

CEO Oliver Bäte (pictured) highlighted the company’s resilience in an uncertain global environment. “In 2024, Allianz delivered another set of record financial results, which are underpinned by strong performance across all segments, consistently high customer satisfaction, and record employee engagement,” said Bäte. “Our renewed strategy, recently announced at our Capital Markets Day, underscores our conviction in growth and our confidence in our resilience and our capabilities.”

Source

AXA reports notable growth in 2024 revenue

“AXA has delivered a very strong performance in 2024, successfully executing in the first year of its strategic plan ‘Unlock the Future’”, said Thomas Buberl (pictured above), chief executive officer of AXA. “We have a clear strategy fully focused on insurance and built around leading businesses, supported by a robust balance sheet.”

Source

Revealed – region with cheapest van insurance premiums for young drivers in UK

The figures come as a recent Freedom of Information (FOI) request identified Northern Ireland as one of the 10 safest UK regions for tool theft. Data showed that there are 13 incidents per 100,000 people annually. North Wales recorded the lowest rate at three incidents per 100,000 people, while London and West Yorkshire had the highest rates, with 592 and 130 incidents per 100,000 people, respectively.

Source

Sedgwick announces acquisition

Bottomline, a provider of business payments and cash management solutions, offers LSM services to the property and casualty insurance sector, supporting insurers, third-party administrators, self-insured entities and corporate legal departments with cloud-based software applications and legal bill review solutions.

Source

100-year lives – how age impacts the insurance industry

What role can insurance play?

According to the report, while interest in insurance is high, attracting demand is proving more challenging. For example, it found that 44% of those surveyed were interested in long-term care insurance, but this was the least owned insurance product – at just 23%. Affordability was touted as the main concern.

Source

Insurance industry could be making the climate crisis worse – report

Fossil fuel support

At the same time, insurers and reinsurers continue to underwrite fossil fuel projects, financing the expansion of industries that contribute to climate change. Some firms, including Allianz, Aviva, and Swiss Re, have adopted climate policies aimed at limiting their involvement in fossil fuel extraction. However, others remain heavily invested in the sector, ensuring that oil, gas, and coal projects continue to receive coverage, according to the report.

Source

contact us