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The delayed delivery of Phase II of the Gemini platform comes at a serendipitous time for the (re)insurance sector, says Anthony Freeman, as firms seek to track expert usage and spend.
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If London wants to compete for high volume business it must embrace technology that puts its capacity at the distribution network’s fingertips, says Tim Rayner.
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Businesses must anticipate crises beyond the current economic situation, as Covid-19 places further stress on other underlying issues, creating potential exposures to unforeseen risks, says Travelers.
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Simon Burtwell assesses what insurers can do across the business to seize the transformational opportunity as they plan to emerge from the Covid-19 crisis.
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Over-capacity is still stifling rate increases despite rising claims experience.
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Commentary from Beazley and Lancashire also flags challenges on volumes, interest rates and recessionary claims.
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Syndicates with the best 10-year average combined ratio generally showed less volatility in underwriting profit, analysis showed.
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The aviation market has had a turbulent few years, but despite coronavirus-related loss of premium income in 2020, continuing rate increases into 2021 could keep it on track to profitability
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All-in growth of 10 percent or less is predicted as the Corporation's CEO and CFO press syndicates to complete underwriting turnaround efforts.
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Insurers’ ambitions cannot be sustained in a prolonged soft rating environment, the broker says.
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A spell of damaging losses has led to sustained positive rate movement in the sector.