Despite the high level of civil and political unrest in the region, international carriers can support clients and underwrite sustainably by using regional knowledge and relationships in local markets

Insurers in the UAE, Saudi Arabia and Israel face increase in business interruption losses as well as premium taxes, as governments seek to replenish finances dented by coronavirus

There are strong parallels between the measures required to sustain the terrorism risk market following the September 11, 2001 attacks and what will be required to provide pandemic business interruption cover after Covid-19

In the post-lockdown world, a complete rethink of the use of the trading floors is required

To model the complexity of cyber risk requires a deep understanding of both human behaviour and internet technologies, the analytics and modelling firm's chief executive says

SolarWinds ‘cyber catastrophe’ demonstrates need for collaboration between insurer and insured so that insurance rates do not skyrocket to an unreasonable level

Whether or not insurers should support the payment of a ransom demand is debatable, but it is important to acknowledge payment is not always the best or most appropriate response

A lot more to needs to be done by businesses and their insurers to better understand and identify the risk before a ransom is demanded

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

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

The adoption of insurtech solutions in Hong Kong and Singapore is not without its challenges, but these are being addressed through proof of concept initiatives sanctioned by the regulator

Platforms hosting several insurtechs are helping to ease the pressures on the sector post-Covid – but ongoing investment is critical

International Group pool faces huge hit with losses already running at an all-time high

With the P&I renewal season over, clubs faced some tough pricing decisions amid pressure to take into account both present and future challenges facing the market

The longevity of the P&I club business model is based on sustainability, but sustainability also has an economic dimension in the form of realistic risk pricing

With underwriting losses likely to be only partially offset by modest investment earnings, clubs are expected to see an overall decrease in free reserves for the last fiscal year