Global insurers
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Recurring loss patterns have led to squeezed coverage, leaving clients exposed.
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We explore the first stages of incorporation of GenAI into insurance, alongside the longer-term potential.
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This publication revealed the appointment in November last year.
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Gulf insurers have borne the brunt of reinsurance rate corrections in the past couple of years, but a different, albeit similar market segment is emerging as a focus for concern ahead of this year’s 1 January renewal.
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AI development is creating new risks for insurers to assess as multiple key trends suggest it will evolve into a standalone insurance product like cyber-risk.
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Earlier this afternoon, San Diego County issued a tropical storm warning related to Hilary – the first in its history.
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Over half of respondents said that the technology currently available to them is not allowing them to make the most of the data at hand or make better pricing and portfolio decisions.
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Plus all the latest executive moves and the top news of the week.
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24 February marks the point when blocking and trapping claims can be lodged against war risk insurers, against ships stuck waters around Ukraine.
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The club argued that proposed rules on transporting crude through the Turkish Straits would have been punitive to members.
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The carrier aims to achieve an energy underwriting portfolio that is 75% low-carbon in seven years’ time.
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Loh Wei-Lyn has been promoted to CEO of Asia, while Luann Petrellis has joined as US CEO.
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As the Aegis London CEO retires this week, he revealed his key lessons from over three decades in Lloyds – and what has to change if the market is to survive.
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The executive has worked for the company in London, New York and Dublin.
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The French reinsurer faces a number of hurdles as it looks to set its new corporate strategy. We outline the challenges ahead.
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A reduction in incidents linked to better resilience and the Ukraine war may temper cyber price increases, the broker said.
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The forecast range of hurricanes is slightly wider than in 2021, but in line with 2020.
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Plus latest people moves and all the top news of the week.
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According to a joint Marsh-Microsoft report, 75% of 660 companies surveyed said they have suffered a cyber attack of some form.
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Aon’s report covering multiple classes and geographies highlighted improving conditions in D&O for the UK, and a moderation of rate rises in property.
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
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Premiums are forecast to grow buy 2.3% rather than 2.7%, according to the CEO of the German Insurance Association.
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