Specialty re/insurer swoops on Axis for new CUO, who will be based in New York
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Long Covid has implications for employers and their insurers
The ball is in reinsurers’ court as to whether they aggregate pandemic-related business interruption claims after the Supreme Court rejected Covid-19 as a single event, but there is cautious optimism a solution will be found
Insurers continue to operate in an uncertain landscape as Covid-19 related issues re-emerge as areas of contention for future legal challenges
Moody’s Helena Kingsley-Tomkins on the outlook for the reinsurance industry in the next couple of years
Reinsurers are eyeing aggressive cyber growth, but rate rises alone will not be enough to achieve sustainable growth
The evolution of cyber attack activity as a service economy that enables unskilled actors to purchase attack capabilities and tools is a major challenge for risk modellers
The main responsibility for monitoring and investigating cyber crime rests with government and law enforcement, but businesses and their insurers also have a key role to play
Concerns over ransomware losses and risk accumulation have sent some cyber reinsurers into retreat mode. However, in a hardening market ripe with opportunity, insurers that truly understand their exposures should find no shortage of willing capacity
The FCA estimates the authorisation process for new insurtech ventures takes between three to four months – in reality it is taking up to 12 months
The development of new technology ecosystems is the most effective way to break down silos and achieve systems integration and genuine collaboration in the London market
African markets have the most to gain from insurtech, but a number of challenges must be addressed before success is guaranteed
Digital ecosystems have brought new levels of connectivity, efficiency and innovation to sectors like fintech over the past decade. The insurance market is finally catching on
Elevated combined ratios look like being the norm across the International Group for some time yet, as payouts and expenses continue to breach premium income
After three years of hardening rates in hull and cargo, capacity inflows are starting to dampen price hikes, but underwriters warn the segment’s risk profile has not fundamentally changed
The sector must grapple with a challenging mix of threats
Bunkering of fuels remains a complex issue, and poor fuels and poor handling of fuels constitute a significant risk for vessels and their insurers
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