THB Group Ltd

Risk Management, Insurance Technology

PRnewswire | May 29, 2023

Global climate risk solutions platform Arbol and leading insurer, Beazley, have announced the launch of specialist parametric weather products to the US market. Cutting-edge products are now available for a range of perils, including low and excess precipitation, low and excess wind speed, high and low temperature, and lack of solar irradiance. Arbol's proprietary pricing platform is powered by artificial intelligence and a dedicated climate data infrastructure to inform und...

Insurance Business Magazine | January 20, 2020

Auto insurance rates across the US continue to rise, and one state continues to pay the steepest premiums, a new report from The Zebra has found. The insurance comparison site carried out a survey of 73 million rates in 2019, and found that the state of Michigan – already infamous in past years for its high rates – had average annual auto insurance rates of $3,096. This represented a 7.3% increase from 2018’s average, and a 39.5% increase over 2011. By comparison, the national ...

BRP Group | April 02, 2020

Baldwin Risk Partners Group (BRP Group) has announced that its subsidiary, Baldwin Krystyn Sherman Partners (BKS), has acquired all the assets of Insurance Risk Partners (IRP). Based in Oklahoma City, IRP is a provider of P&C insurance and additional consulting services. Founded in 2016, the firm’s client roster includes domestic and international infrastructure-focused private equity firms and their investment subsidiaries, as well as publicly-traded utilities, independent power gener...

Conning, Inc. | December 29, 2021

The small commercial insurance market is riding out the COVID-19 pandemic in a determined manner positing approximately 4.2% compound growth between 2017-2020, according to a new study by Conning. Additionally, the market continues to be attractive for insurers on the national, regional, and specialty levels. The sheer number of firms and multiple dimensions to split the market—including revenue, industry, and employee count—mean almost all insurers can find at least one niche to par...