Personal auto
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The Lloyd’s chairman suggests the post will enhance, rather than detract from, his work at the Corporation.
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Under the deal, 1mn auto insurance customers can receive Amazon voice recognition devices.
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The French reinsurer is providing paper to support bundled homeowners and auto policies underwritten by the InsurTech.
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Headline rate changes at lows not seen since 2007/8, in line with Q2:19 management commentary pointing to growth initiatives, and peak margins at leading firms.
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New inflation data shows pricing declines have flattened in August, and rising average severity. Margin pressures continue to build, and frequency remains the wildcard.
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With returns well above the group's cost of capital, growth rather than margin expansion will generate the most value.
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The deal makes Allianz one of the top three insurers in the country.
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The latest fundraise comes after the auto carrier entered the Californian market.
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The California Supreme Court refused the insurer’s final appeal against the penalty for illegal auto insurance fees.
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New inflation data showed pricing continued to weaken in July as companies pivot to growth. With flat severity, margin pressures are building. Frequency remains the wildcard.
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The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
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The InsurTech founded by MIT scientists raised $500mn from heavy-hitter Softbank in December.
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