With the right elements, MGAs can extract value where other players would struggle to succeed, industry experts say
The Europe Commission’s proposed changes to Solvency II link insurance regulation with the societal zeitgeist like never before. However, many feel the steps to mobilise insurer capital and give proportional treatment to smaller insurers do not go far enough
Making complex issues simple
Focusing on what matters to the market, understanding the forces that are shaping the industry
The year ahead will be defined by the continued fallout from the Covid-19 pandemic, with the industry set to face both internal and external challenges
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
Both English and Swiss law provide the victim of a ransomware attack with options to recover the ransom. In both jurisdictions, it is vital to make the necessary preparation for recovery before paying out the ransom
While 2022 will be a year of increased risk, there will also be opportunities for re/insurers to develop products that can manage these exposures
Current market conditions are fundamentally changing the calculation of where and how reinsurance capacity is being deployed in the market, Rob Ashton, the chief executive of the specialty reinsurance MGA, argues
Around 80% of ransomware incidents can be avoided if organisations follow cyber security best practices such as regular patching and multi-factor authentication
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
London has long been a hub for international dispute resolution cases, but Brexit may alter that
Insurers have a critical role in bringing clarity to the alternative fuel debate and building consensus among maritime industry players
Setting sail with a defective voyage plan that endangered the safety of the ship constituted unseaworthiness
Changes in the liability landscape mean the third-party liability cover held by most ports is woefully insufficient to cover the cost of a multiple serious personal injury claim event, experts warn
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