Regulars

Noonan rails against 'misguided and dumb' US tax reforms
Validus chief urges US policymakers not to disrupt the current structures for spreading risk
Latest From Lloyds
Lloyd's plans for multiple e-trading platforms raise questions for the market
Standardisation of platforms and their ability to function across numerous markets will be be critical
Lloyd’s must be clearer about Blueprint Two technology standards
There are fears if technology initiatives are devised in isolation, they will not align with the Lloyd’s vision of a digital ecosystem
Viewpoint: Lloyd’s and the company market must share the cost of modernisation
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
Latest From Distribution
Carbon expands underwriting team
Trio of executives arrive at company
Viewpoint: Covid is driving insurtech adoption in Latin America
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
Arch provides capacity to US cyber MGA Coalition
Partnership expands insurer's cyber portfolio
Latest From Losses
Perils lowers UK 2020 flood loss estimate
Pegs final estimate for February floods at £368m
Perth fires loss estimated at A$60m
ICA estimate emerges as Western Australia clears up damage
Insurers face up to $20bn loss from Texas Big Freeze
State Farm, Allstate and USAA expected to bear brunt of losses
Latest From Legal focus
Legal Focus: Opportunity knocks in Brazil for international reinsurers
The Brazilian reinsurance market is about to see a major widening of international access, despite some spurious court actions
Legal Focus: Market should brace for a surge of data breach claims in 2021
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
Legal Focus: Covid-19 gives artificial intelligence a boost
Despite the potential offered by AI, insurers should recognise the primary risk remains human decision making
Latest From Special Report
Mid-tier brokers battle to escape the killing zone
London’s medium-sized players are transforming in order to survive
Global brokers plot evolution of facilities
Facilities are here to stay, and the major brokers are investing in technology to expand their use
'It may sound like heresy, but the old broker model must change'
Brokers must evolve to meet the changing needs of their clients and that requires a significant cultural shift
Latest From Viewpoint
Viewpoint: P&I clubs need to factor future shocks into their pricing
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
Viewpoint: P&I clubs must think in new and constructive ways to be sustainable
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
Viewpoint: Hydroelectric claims increase pressure on regional construction market
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
Latest From Claims Management
Perth fires loss estimated at A$60m
ICA estimate emerges as Western Australia clears up damage
Legal Focus: Australian bushfire case sets pattern on group actions
A recent case is set to change the way insurers deal with plaintiffs and litigation funders
Australian insurers launch second pandemic BI test case
ICA welcomes latest move
Latest From Risk Management
James River swings to red on reserve strengthening
Company reports underwriting loss.
Insurers warn against 'one size fits all' cyber resilience rules
European Commission’s proposed Digital Operational Resilience Act is ‘too prescriptive’
Allstate expects another $110m in wildfire subrogation recoveries
Recoveries come from multiple wildfires.
Latest From Technology
Focus: Technology will secure the future of the credit risk market
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 forms digital business unit
Beazley Digital will consolidate insurer’s digital capabilities and portals
Legal Focus: Covid-19 gives artificial intelligence a boost
Despite the potential offered by AI, insurers should recognise the primary risk remains human decision making
Latest From Regulation
Legal Focus: Opportunity knocks in Brazil for international reinsurers
The Brazilian reinsurance market is about to see a major widening of international access, despite some spurious court actions
Legal Focus: Market should brace for a surge of data breach claims in 2021
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
EU and UK working towards financial services plan
Two parties set March target date
Latest From Focus
Focus: The market needs to change the way it views trade credit risk
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
Focus: Technology will secure the future of the credit risk market
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
Focus: Insurer reserves will fend off spectre of emerging market debt default
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
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