Insurance revenue reached €2.6 billion, up from €2.3 billion in the same period last year. Operating profit (EBIT) rose to €195 million, compared to €140 million in the first quarter of 2024. Net income grew to €141 million, from €104 million a year earlier.
The January wildfires destroyed or damaged thousands of homes and businesses across Los Angeles County, forcing evacuations and causing billions in losses. The Palisades Fire spread rapidly through hillside neighborhoods, while the Eaton Fire scorched dry terrain in Pasadena, fanned by strong winds. Officials estimate total damages at around $4 billion, with nearly half of…
Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link
The company offers a policy administration platform for the property and casualty insurance sector. Designed to support carriers, reinsurers, and managing general agents, the system covers the entire insurance policy lifecycle. It incorporates features such as artificial intelligence tools, predictive modeling, and data analytics. The platform has been adopted by more than 50 clients globally….
In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational costs….
