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Hot Topics

Making complex issues simple

Focusing on what matters to the market, understanding the forces that are shaping the industry

 

Covid-19

Covid-19 claims bill puts XoL treaty wordings to the test

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

International Reinsurance

Legal Focus: Insurers braced for second wave of Covid-19 litigation

Insurers continue to operate in an uncertain landscape as Covid-19 related issues re-emerge as areas of contention for future legal challenges

Legal focus Property

'Catastrophe losses have intensified alternative capital’s focus on underwriting discipline’

Moody’s Helena Kingsley-Tomkins on the outlook for the reinsurance industry in the next couple of years

Reinsurance Coronavirus

Supply chain delays drive up cost of construction claims

Many in the industry expect shortages to be resolved within the next 12 to 18 months, but there are other factors to consider including increased levels of risk because of the impact on quality control

Claims Management Coronavirus
Cyber

'Realistic attack scenarios are fundamental to the success of cyber risk models'

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

Cyber Risk Management

'Centralised intelligence is critical in fight against cyber crime'

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

United Kingdom Cyber

Cyber risk aggregation to face intense scrutiny at 1/1 renewals

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

Reinsurance Cyber

Banking sector must develop strategic response to systemic cyber threat

The increased vulnerability of larger banks to single points of failure technologies is resulting in significant losses despite the higher level of defensive measures in place

Cyber Claims Management
Insurtech

Insurtechs are ‘rewriting Africa's insurance narrative’

Innovative technology firms are driving health insurance inclusion and impact at scale in Africa and providing solutions to the cash flow problems faced by healthcare providers on the continent

Insurtech Middle East and Africa

Viewpoint: Capacity, technology and trust are essential to mitigating flood risk

A partnership based on collaboration and trust between policy holders, insurance carriers and insurtechs have never been more important

Property United Kingdom

Viewpoint: Covid is driving insurtech adoption in Latin America

The pandemic has shown local insurers that the role of insurtechs is not to take away business but to help them stay close to clients by facilitating access to new distribution channels

Insurtech South America

Profit and volume 'key to successful insurer-insurtech partnerships'

Incumbents are under pressure to grow their partnerships with insurtechs to scale at an acceptable loss ratio in order to recover their investment in a shorter timeframe than previously envisaged

Technology Insurtech
Marine

London marine market nears high-water mark as new capacity enters

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

London Marine

Covid, cyber, piracy, and sanctions test the appetite of the maritime risk market

The sector must grapple with a challenging mix of threats

Marine International

'Insurers must not underestimate risk of transition to low-sulphur shipping'

Bunkering of fuels remains a complex issue, and poor fuels and poor handling of fuels constitute a significant risk for vessels and their insurers

International Regulation

Maritime pollution risk environment demands structured claims management

Insurers’ ability to respond to maritime pollution incidents efficiently has never been more important in terms of reducing fines and legal fees by keeping claims out of the court system

Claims Management Environment

Regulars

Deeper insight into market trends

Insurance Day’s regular sections, providing clarity on market trends and insight into their implications

 

 

ID Comment

ID Comment Company News

Willis Towers Watson head office, London (Robert Evans/Alamy Stock Photo)
ID Comment: Willis Towers Watson 2.0 – new strategic plan meets cold light of day

The broker’s hotly awaited new business plan has been cautiously welcomed, but many wonder whether its ambitions are achievable

design36/Alamy Stock Photo
ID Comment: Aon/WTW see light at the end of the tunnel

Regulatory logjam might be easing  but DoJ lawsuit still looms

Red traffic light (Kurt Brady/Alamy Stock Photo)
Regulatory red lights continue for Aon

Canada’s decision to review the Aon-Willis Towers Watson merger is the latest in a string of hold-ups

US Department of Justice, Washington DC (B Christopher/Alamy Stock Photo)
Aon and WTW's battle for merger victory

The brokers now face the prospect of bruising legal battle with the US government 

 



People Moves


Market News

Wuller succeeds Clark at RSG Underwriting Managers' helm
Former Etihad executive joins Gallagher aerospace practice
Beazley promotes Sanchez to cyber services head

 




Stockwatch


Stockwatch Company News

Arrows up (Sean Prior/Alamy Stock Photo)
WTW shares up 5% as fightback continues

Broker rises for fourth week as insurance stocks continue downward trend

Arrows down (adempercem/Alamy Stock Photo)
StockWatch: SiriusPoint sinks as cat losses bite

Shares fall as Bermuda reinsurer more than doubles its European flood loss estimate

Jemastock/Alamy Stock Vector
StockWatch: Axis sheds 5% as Bermudian stocks wobble

US-listed reinsurance stocks feel the force as Hurricane Ida arrives

Jemastock/Alamy Stock Vector
StockWatch: Beazley slips after stock repricing

European reinsurance stocks take a breather after results-driven surge

 




Legal Focus


Market News

Legal Focus: The pandemic's impact on solicitor negligence and insurance payouts
Legal Focus: Insurers braced for second wave of Covid-19 litigation
Legal Focus: Insurers warned about fair value for customers
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