Standardisation of platforms and their ability to function across numerous markets will be be critical 

There are fears if technology initiatives are devised in isolation, they will not align with the Lloyd’s vision of a digital ecosystem

Expanding the technological changes and new standards at Lloyd’s into the company market will spread the cost burden and increase the relevance of market modernisation

Trio of executives arrive at company

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

Partnership expands insurer's cyber portfolio 

Pegs final estimate for February floods at £368m

ICA estimate emerges as Western Australia clears up damage

State Farm, Allstate and USAA expected to bear brunt of losses 

The Brazilian reinsurance market is about to see a major widening of international access, despite some spurious court actions

The cost of data breaches to insurers will only rise as claimant law firms, incentivised by the economies of scale available, increase their focus on this area over the coming year

Despite the potential offered by AI, insurers should recognise the primary risk remains human decision making

London’s medium-sized players are transforming in order to survive

Facilities are here to stay, and the major brokers are investing in technology to expand their use

Brokers must evolve to meet the changing needs of their clients and that requires a significant cultural shift

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

The settlement of hydroelectric plant claims are inherently complex, but the challenges are multiplied in Latin America given the remote locations and abundance of threats

ICA estimate emerges as Western Australia clears up damage

A recent case is set to change the way insurers deal with plaintiffs and litigation funders

ICA welcomes latest move

Company reports underwriting loss.

European Commission’s proposed Digital Operational Resilience Act is ‘too prescriptive’

Recoveries come from multiple wildfires.

AI-driven underwriting will not only save costs, but also provide an unbiased assessment of a risk and improve the quality and the efficiency of the services provided by credit insurers

Beazley Digital will consolidate insurer’s digital capabilities and portals

Despite the potential offered by AI, insurers should recognise the primary risk remains human decision making

The Brazilian reinsurance market is about to see a major widening of international access, despite some spurious court actions

The cost of data breaches to insurers will only rise as claimant law firms, incentivised by the economies of scale available, increase their focus on this area over the coming year

Two parties set March target date

Trade credit insurers will need access to better-quality risk data if they are to weather the future onslaught of claims once government support is lifted

AI-driven underwriting will not only save costs, but also provide an unbiased assessment of a risk and improve the quality and the efficiency of the services provided by credit insurers

Despite the depth of the crisis, the insurance market is not expecting governments to fail, but multiple claims in multiple countries through defaults on individual contracts are expected