Claims trends

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.

The market reacted to the $2.4bn charge in a positive light.

The carrier’s Q3 net income will be around $100mn, far below consensus.

The A&H market had improved performance between 2020 and 2023.

The broker said the casualty segment is approaching an “inflexion point”.