Allianz SE is sticking with its full-year profit target as improving returns offset a jump in losses from natural catastrophes.

About two-thirds of insurers already use artificial intelligence-based 'virtual assistants,' according to a survey by Accenture Plc.

The British government in February cut the so-called Ogden discount rate used by car insurers to calculate payouts for personal-injury claims.

Lloyds of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc.

Telefonica SAs O2 unit one of the first mobile operators in Britain to offer car insurance expanded its product line in February to include telematics boxes, which track peoples driving habits.

Lloyds of London named Bruce Carnegie-Brown to succeed John Nelson as chairman of the insurance market founded in a coffee house in 1688.

Allianz SE reported a 23 percent increase in fourth-quarter net income and announced its first-ever share buyback.

Munich Re, the worlds biggest reinsurer, reported a bigger-than-expected drop in Q4 earnings as claims from natural disasters rose while prices continue to fall.