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SCS caused global insured losses worth at least $8bn in the first quarter of 2024. -
Forecasters have warned that a number of meteorological factors could make this year the most active on record.
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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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Rates have fallen on the back of reduced deal flow in 2023.
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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.
