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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

Focus: Face-to-face underwriting vital to the future of London's PI market

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

Focus Coronavirus

Focus: Co-ordinated action essential to mitigate maritime supply chain crisis

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

Claims Management Marine

ID Comment: Learning the lessons of hybrid working

Firms that want to return to normal should pause for thought

London International

'The market must learn lessons of the pandemic to prosper in a post-Covid risk environment'

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

International Risk Management
Cyber

Focus: Market must prioritise cyber security as solution to ransomware crisis

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

Focus Cyber

Focus: Cyber reinsurance renewals must create conditions for sustainable growth

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

Focus Cyber

Insurers win in long-awaited Google data case

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

United Kingdom Casualty

The ransomware crisis will not be solved through sanctions, insurers warn

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

Cyber Specialty
Insurtech

'Blockchain will radically transform the microinsurance market'

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

Technology International

Focus: The industry must continue to drive claims management into the insurtech era

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

Claims Management Insurtech

Focus: Four trends in insurtech that are transforming the market

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

Insurtech International

Focus: Slow authorisation is a threat to London’s insurtech status

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

Focus Insurtech
Marine

Standard Club strengthens Asia presence amid rising claims costs

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

Marine Asia Pacific

Focus: Port congestion is a fundamental challenge for marine insurers

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

Marine International

Focus: London marine market must learn from the past – or suffer the consequences

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

Marine International

Focus: Co-ordinated action essential to mitigate maritime supply chain crisis

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

Claims Management Marine

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

Wang Ying/Xinhua/Alamy Live News
ID Comment: Stormy weather ahead?

Insurance Day looks at what has been a lively 2021 Atlantic hurricane season

Lloyd's head office, London (Donatas Dabravolskas/Alamy Stock Photo)
Weighing up Lloyd’s options

As the new year approaches, Lloyd’s needs to take a pragmatic view of the next stage of the market’s evolution

Iain McGuinness/Alamy Stock Photo
ID Comment: COP26 meeting concentrates insurers' minds

Negotiations have ended but uncertainty remains over their impact

City workers (Ianni Dimitrov Pictures/Alamy Stock Photo)
ID Comment: Learning the lessons of hybrid working

Firms that want to return to normal should pause for thought

 



People Moves


Market News

QBE names Hunter Canada director
Hiscox hires Pearsall to lead London D&O
WTW names MacCarthy Asia casualty head

 




Stockwatch


Stockwatch Company News

Jemastock/Alamy Stock Vector
SiriusPoint shares nosedive after Q3 losses
Arch Capital was the best-performing stock this week
Fairfax stock rockets on $1bn buyback

Insurance stocks fall back in both Europe and the US

YAY Media AS/Alamy Stock Vector
Lloyd’s stocks rise as premiums soar

Beazley and Lancashire gain more than 5% 

Arrows up (Sean Prior/Alamy Stock Photo)
StockWatch: Swiss Re shares rise as profits return

European and Bermudian stocks rise on improved results

 




Legal Focus


Market News

Municipio de Marina v BHP will test evolution of overseas group litigation
What is fair presentation for insurers and their insureds?
Professional indemnity market resilient in face of post-Covid challenges
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