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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The event was co-hosted by Fidelis Insurance Group and IDA Ireland.
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The £3.7bn deal was announced in December.
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CEO Caroline Wagstaff called for a “tailored and proportionate” approach to regulation.
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The association said privacy should be a key consideration in new requirements.
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The LMA urges use of AI for enhanced decision making but concerns remain.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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In Partnership With MarkelInsurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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The change reflects the company’s growing profile within the MS&AD group.
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The majority of the savings are expected to be realised in the retail division.