Viewpoint
In-depth opinion and analysis from the industry’s thought leaders.
'Claims inflation will challenge underwriting strategy of A&H market'
Accident and health carriers must anticipate the opportunities – and challenges – in the wake of the Covid-19 pandemic and prepare for their impact on claims costs
'Digital syndicates are Lloyd’s future'
Data-driven underwriting will streamline the management of delegated authority business, drive down market costs and improve profitability for both coverholders and syndicates
'Industry must keep up to speed with green innovation and climate risks'
Insurance has an important role to play – collaboration and information-sharing will be vital
'Renewable energy risk market must be more disciplined to ensure long-term viability'
Increasing complexity as green energy industry evolves and a number of large losses from hail, wildfire and storm damage mean insurers are struggling to make an underwriting profit
'Real-time data will kickstart UK commercial property risk market'
With many commercial property insurers and brokers struggling with legacy systems, siloed data, and a lack of relevant skills, accelerating the adoption of real-time data systems will not be easy
'Environmental liability market must highlight limitations of traditional pollution covers'
Recent case law has shown inadequacies in public liability pollution cover, which does not cater for the regulator’s investigation costs or for pollution occurring on the policyholder’s own site
'FCA fair value rules are an issue for London market brokers'
New requirements will further increase the regulatory pressures on London market brokers, some of which are unaware of the new regime or think it does not apply to them
'European insurers need to heed Hurricane Ida pollution warnings'
The big lesson from the US is carriers cannot assume a historically temperate climate will keep industrial stock safe from mould and industrial sites free from costly pollution incidents
'The capabilities of bordereaux have been stretched beyond their limits'
Technology advances in recent years mean Lloyd’s, with minimal input from coverholders, can now electronically compile its own reports using data already held by the market
'Co-operation essential to address the rise in med-mal claims costs'
The market must work to together to encourage larger self-insured retentions to ensure med-mal insurance programs are sustainable for the long term
'The market must learn lessons of the pandemic to prosper in a post-Covid risk environment'
The big challenge for re/insurers is to provide clarity in relation to coverage and develop effective solutions for systemic risk events, including fostering public-private partnerships
'It is essential climate change is modelled as an ESG risk'
The industry needs risk models that can deliver the sophistication and granularity to satisfy regulators’ climate change stress tests and financial impact disclosure requirements
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