ID Comment: Blueprint Two puts meat on the bones of Lloyd’s reform plans
Lloyd’s is hoping the reforms will shave 3% of its operating cost base
Jump To
Top Stories
Lloyd's CEO calls for action as costs to rise in 2021
Syndicates must do more to reduce expenses as total costs set to rise in real terms, John Neal says
Access your daily edition of Insurance Day
Please be aware daily editions are only available digitally at present until print distribution challenges associated with coronavirus are resolved. To download your daily edition visit our PDF library.
Join Insurance Day's London Market Outlook today
Hear top London market chief executive discuss how to win in this market
London market costs still top priority, chief executives say
Senior figures call for 'tangible progress' on the market’s biggest problem
ID Comment: Lloyd’s reforms have the market’s support
John Neal’s reform plans could become more unpopular as they begin to deliver on their core objective of slashing costs
High costs still ‘biggest concern’ for London market
Hear what top London market chief executives think at our next free online event, on November 26
Hot Topics
Making complex issues simple
Focusing on what matters to the market, understanding the forces that are shaping the industry
Covid-19
Viewpoint: Insurers must beware a post-Covid credit default crisis
The fault lines in the credit sector are beginning to show, but stress and scenario testing can mitigate the financial impact on their investment portfolios and governance frameworks
Focus: Covid has accentuated the value of digital and reinsurance
Many accident and health and life companies are looking to digital strategies, merger and acquisition activity and the enhanced use of reinsurance to deal with Covid-19 challenges
Covid-19 recovery demonstrates the resilience of M&A insurance market
The six-month lull in activity has given the merger and acquisition insurance market time to reflect on best practice and find ways to broaden the use of its products
Focus: Opportunities for professional indemnity market amid pandemic pressures
The professional indemnity market is braced for challenging times ahead, but there are also good reasons to be optimistic about the prospects for this class
Cyber
Cyber market growth inhibited by complex data privacy rules
Insurers must do more to help clients understand their exposures if the market is to benefit from the more punitive approach to data privacy violations
P&I clubs resist cyber exclusions despite rise in attacks
The market has no plans to introduce cyber exclusion clauses, but there could be problems for those clubs which reinsure their primary risk retention in the commercial market
Viewpoint: The rising tide of cyber risk is a challenge for marine underwriters
The insurance market needs to revise the nature of its coverage to shipowners and operators, so that it addresses all marine risks, including pricing for cyber attacks as a contributory peril
Viewpoint: Ransomware is transforming the cyber risk landscape
Ransomware is fast becoming a systemic and high-severity risk across a range of exposures
Insurtech
Viewpoint: Ecosystem approach can solve the insurtech funding challenge
Platforms hosting several insurtechs are helping to ease the pressures on the sector post-Covid – but ongoing investment is critical
Viewpoint: ‘Insurtech collaboration crucial to overcome Covid-19 challenge’
These are testing times for both insurtechs and traditional insurers as they struggle to adjust to the impact of the pandemic on investor confidence and customer trust and behaviour
AI makes inroads into reinsurance automation
But a lack of standardisation is creating challenges for those looking to adopt the technology
Viewpoint: To close the protection gap, regulation must evolve to accommodate insurtech
Governments need to update regulations to enable the use of tech-driven insurance solutions
Marine
Cargo and marine hull face turning tide in hard market
Optimism as cargo and hull rates set to continue rising as sector grapples with increasing claims costs and economic slowdown
Viewpoint: Data sharing will help to propel the digitalisation of marine insurance
In a digital marketplace, participants will be rewarded for sharing data and not hoarding it
Viewpoint: Reduced premiums highlight need for rate adequacy across marine market
Most carriers recognise the need for rates to rise, but holding the line at renewal is a very different challenge
P&I clubs resist cyber exclusions despite rise in attacks
The market has no plans to introduce cyber exclusion clauses, but there could be problems for those clubs which reinsure their primary risk retention in the commercial market
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
ID Comment: This year’s hurricane season is a reminder of how bad things get
A record number of storms have formed in the Atlantic this year, although overall losses have so far been manageable
Risk origination and capital management critical as reinsurers seek higher returns
Reinsurers that successfully quantify and package risks for third-party investors will attract growing amounts of external capital at a lower average cost
ID Comment: It is time for insurers to pay Covid-19 BI claims
Disasters are memorable, and not just to insurers
Stockwatch
Stockwatch Company News
StockWatch: Beazley recovery hits bump in the road
Lloyd’s stock slips 4% in mixed week for insurance stocks
StockWatch: Buyout drives RSA shares to 12-year high
Lloyd’s stocks rally 6.6% as outlook brightens for 2021
StockWatch: RSA soars 44% on £7bn takeover talks
Investors flock to insurance stocks as Q3 yields encouraging results
StockWatch: Swiss Re surges 13% after Q3 profits
European insurance stocks outperform as markets react to US election
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.