Claims Management
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Should an insurer turn up for an arbitration?
Early and continuous engagement in any matter in which an insurer might wish to intervene is essential to protect the insurer’s interest
Decline in Lloyd’s Open Form use 'poses disastrous risk to life'
Financial considerations appear most important for falling off, with consensus emerging that LOFs are more expensive than alternatives, International Group report says
Class actions set to be introduced to Ireland
New law aims to improve access to justice through a standardised EU-wide legal mechanism for bringing representative actions
'How claims handlers can improve performance without having to boost headcount'
The market has become increasingly competitive and with customers and brokers expecting results in ever shrinking timeframes, claims handling professionals are under more pressure than ever
UK Club ‘disappointed’ by court ruling on Venezuela claim
Marine mutual cannot be granted permanent anti-suit injunction because South American government enjoys sovereign immunity, but loss of military patrol boat will go to London arbitration
Beware the risk of tripling costs in North Carolina
Federal court rules a policyholder may recover treble damages under the North Carolina Unfair and Deceptive Trade Practices Act where an insurer fails to adequately explain a denial of coverage
Latest From Viewpoint
Heatwaves present overpayment risk to crop insurers
Arable crops are at particular risk because of extreme dry weather, but the adverse effects of drought and heat stress, which will potentially damage crop yield and quality, are uninsured
Legacy sector needs to look to the future
The legacy market is continuing a period of robust growth, but those opportunities come with challenges for the market and its practitioners
'Insurers should be concerned about the increasing number of cyber attacks against professional firms'
Professional firms are often seen as targets by cyber criminals, as they hold vast amounts of sensitive data, yet many firms have gaps in their defences, which has a serious impact on losses claimed after an attack
Adaptability will be key to IFRS 17 transition
With six months to go until the implementation deadline for IFRS 17, there is still uncertainty about the new regime’s requirements and how they should be implemented, with some areas open to interpretation
Germany’s transition to a green economy will lead to a new generation of M&A deals
As the country accelerates the legal and social transition it requires from corporates and individuals to meet its environmental targets, the way insurers look at M&A deals and how they are insured will be transformed
ESG investing in emerging markets can help de-risk insurance portfolios
Emerging markets can provide a spread advantage, but investors should pay attention to a higher level of systemic risks and ESG factors when making an emerging market allocation
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