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News
How Employers finds new business from within ChatGPT
2+ day, 10+ hour ago (763+ words) At a time when many companies worry about AI disintermediating their customer relationships or eliminating roles, Employers decided to lean into the trend and see what it could accomplish by embedding within OpenAI's ChatGPT. The workers' comp specialist launched a…...
Rising shipping insurance costs prompt GCC importers to adapt transit routes
2+ day, 17+ hour ago (359+ words) | Gulf Times Gulf Times Rising shipping insurance costs prompt GCC importers to adapt transit routes Ongoing geopolitical friction in the Middle East has pushed shipping insurance costs through the Strait of Hormuz to roughly five times pre-war levels, prompting GCC…...
Saudi Arabia Shields Supply Chains with National War-Risk Insurance Pool
2+ day, 16+ hour ago (1612+ words) Trade can grind to a halt before ports close or shipping lanes are blocked. Disruption can begin elsewhere, when cargo or vessels become too costly or difficult to insure, or when markets are unable to provide adequate coverage for war-related…...
Large commercial accounts see first price drop since 2017, WTW finds
2+ day, 23+ hour ago (355+ words) Large commercial accounts posted their first price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey (CLIPS), as an eight-year run of sustained rate increases continued to unwind across the commercial…...
What brokers must know about the ‘it won't happen to me’ mindset before their next SME conversation
3+ day, 9+ min ago (564+ words) The single biggest misconception small business owners have about insurance isn't about price, according to Mariano Neiman (pictured), COO at Zensurance, and understanding that distinction is the key to a more productive conversation between brokers and skeptical clients. "The results…...
ASIC confirms investigation into collapsed Sphere Insurance Group
2+ day, 23+ hour ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
‘Disciplined Pricing’: Saudi Arabia Tightens Motor Insurance Oversight, Protects Competition
3+ day, 34+ min ago (1711+ words) Saudi Arabia’s Insurance Authority is tightening oversight of motor insurance pricing to ensure rates are fair, sound and sustainable, while curbing practices that could undermine competition. It has also introduced six regulatory standards for motor insurance pricing, requiring insurers to…...
Government to court international insurance firms to tackle high costs for businesses
4+ day, 1+ hour ago (55+ words) Business Post Government to court international insurance firms to tackle high costs for businesses LIV Golf files for bankruptcy protection as Saudi investors flee Amazon starts selling sterling bonds as AI boom grows Dublin Airport operating full schedule after UK…...
Commercial: Swiss Re Institute Sees Growing Investment Ahead
4+ day, 1+ hour ago (319+ words) There is an opportunity for Commercial insurers, says Swiss Re; AI and energy drive a new investment era These investments are turning data centres from information technology assets into strategic infrastructure. Their power requirements are measured in gigawatts, asset values…...
When to bypass HR and go straight to employees
4+ day, 11+ hour ago (619+ words) Most employees have mental health benefits they never use, but according to Kerry Brooks, assistant vice president of absence and disability management at Lincoln Financial Group in Radnor, Pennsylvania, the bigger opportunity for benefits brokers isn't redesigning plans, but becoming…...