Underwriters are under pressure to justify each piece of new business they write because it could mean throwing out a profitable renewal
Industry must get its act together and both draft, and apply, contracts and wordings in the correct manner
The London market is handling this crisis better than anyone might have predicted. It needs to take full advantage of the teachings on offer.
Insurance Day’s latest webinar examined Lloyd’s shift towards electronic trading
Covid-19 is changing the way the market works and many changes will remain in the long term
The Lloyd's insurer is using data analysis and other tools to enable the underwriting function to have more autonomy and make better decisions
Lloyd’s hubs in Asia have seen several closures recently, although appetite for Asian risk among London’s carriers is varied and the closure of regional operations is by no means permanent
Competition and the ability of operators to self-insure through captives and industry mutuals are keeping nuclear insurance rates down, despite rising non-nuclear attritional losses
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