The professional indemnity market may have survived Covid-19, but it needs to address the pandemic’s most profound legacy: the increase in competition from domestic markets

Supply chain issues enable shipowners to obtain higher freight rates and offset increased costs, including the cost of insurance, but a more comprehensive solution is needed to avoid a global recession

Firms that want to return to normal should pause for thought

The big challenge for re/insurers is to provide clarity in relation to coverage and develop effective solutions for systemic risk events, including fostering public-private partnerships

Around 80% of ransomware incidents can be avoided if organisations follow cyber security best practices such as regular patching and multi-factor authentication

In addition to ensuring profitability over the cycle, the market must prioritise risk data that is more meaningful, and allows for more in-depth and frequent analyses than in the past

Supreme Court ruling prevents flood of UK claims - but it is not the end of the story, lawyers warn

Insurers see enhanced cyber security infrastructure as more effective way to stem rise in ransomware claims

Insurtechs are working with insurers and distribution partners to drive economic growth in developing regions, and create sustainable, resilient futures for underserved communities

The industry can’t afford to take its foot off the gas pedal with respect to digitalisation, especially given the significant momentum that it has gained over the last 12 months

The insurtech landscape is evolving rapidly and it is critical to understand the main business models that are shaping the future of the market at present

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 continued spread of Covid in Asia, and claims arising in more expensive jurisdictions, have increased the frequency and the average size of P&I claims, says P&I club’s regional managing director

International trade flows have become significantly more concentrated over the past few years, with $7.5trn – 50% of all global trade – now flowing through 50 key ports

If carriers insist on adopting historically rooted modes of behaviour, rate softening will spread and gather pace at a time when the marine insurance market is at a tipping point

Supply chain issues enable shipowners to obtain higher freight rates and offset increased costs, including the cost of insurance, but a more comprehensive solution is needed to avoid a global recession