Claims trends

The firm now reports on insurance exposures to natural perils for 21 countries.

From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.

The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.

Softening in the upstream market has also accelerated beyond expectations.

Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.

The tariffs could expose insurers to the risk of recession and shrinking income.

Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.

The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.

Karl Haynes, Managing Director for Wholesale Claims at Tysers Insurance Brokers, explains how advancements like AI and drones are transforming the insurance claims process, improving efficiency and transparency in the London market.

There has been increased W&I appetite in South American jurisdictions.

Claims at 9M were 15% higher than the same period in 2023.

The additions included significant reserve bolstering for recent year portfolios 2021-2023.