Notable stories for the week include an article on the outlooks of the U.S. property and casualty and life insurance industries' fastest-growing carriers and an exclusive update on Hiscox UK's IT woes.
US P&C industry's fastest-growing insurer takes Root as insurtech flourishes
The U.S. property and casualty and life insurance industries' fastest-growing carriers, as ranked by S&P Global Market Intelligence, face decidedly distinct near-term outlooks.
Debate intensifying over best way to measure gender pay gap
As companies and governments around the world increase their focus on closing the gender pay gap, there is a growing debate about how to define and measure the disparity in compensation between men and women in the workplace.
Individual annuity growth surge likely to slow soon
Outsized year-over-year growth in ordinary individual annuity considerations fueled the U.S. life industry's expansion for a fourth consecutive quarter, according to a first look at March 31 statutory results.
Hiscox UK 'through the worst' of IT woes, says CEO
Specialist insurer Hiscox Ltd.'s U.K. division is "through the worst" of the problems it encountered in shifting to a new IT system, the unit's CEO told S&P Global Market Intelligence.
Lloyd's shake-up forcing business shift for managing general agents
Lloyd's of London could lose business to the rest of the London insurance market as its drive to improve profitability pushes managing general agents to look elsewhere for capacity.
Allstate subsidiaries raise homeowners rates in April
A subsidiary of Allstate Corp. received Texas regulators' approval for a 5% rate hike, which could equate to an additional $18 million in homeowners premiums, according to S&P Global Market Intelligence data.