Viewpoint

Two become one: The convergence of insurtech and the industry Part 1

In the first part of a two-part examination into the cross-over between traditional insurance and tech innovation, Jonathan Spry, CEO and co-founder of Envelop Risk explores the data-driven future for the industry, the advantages of artificial intelligence (AI) and the cyber ‘shop window’.

Sri Lanka unrest highlights type of losses industry should expect next

Hermès Marangos examines the wider implications of the crisis in Sri Lanka for the international (re)insurance sector in the wake of the Covid-19 pandemic, the ongoing energy crisis and Russia’s invasion of Ukraine.

Resetting the TPA bar

Claims. They are the highest expense for all (re)insurers and also where they are judged by their customers. Do it well, and the costs are manageable and policyholders happy. Do it badly, and the opposite can happen.

UK, EU & US Russian sanctions considerations for insurers

Over the past two months, there has been an unprecedented rise in the scope and scale of UK, EU and US restrictive measures targeting Russia in response to the war in Ukraine.

The Lloyd’s Lab is a worthy experiment in innovation….

Mark Huxley, non-executive director of Altus and 40+ year veteran of Lloyd’s explores the importance of the Lloyd’s Lab and explains why internal stakeholders need to pay greater attention if the initiative is to flourish

Deploying our risk knowledge to address threats in an interconnected world

Swiss Re’s Moses Ojeisekhoba says (re)insurers must stay close to clients and deploy their risk knowledge to boost societal resilience in an increasingly interconnected world.

Insurindex: “Underwriter opinion of London insurers as employers is extremely low”

Ben Bolton from Insurindex reflects on a new employment survey which reveals the obstacles facing insurers as employers and how they can overcome them.

Why open source is needed to combat climate change and prevent a ‘VHS vs Betamax’ face-off

WTW’s Matt Foote outlines how more open sources of data and open, common standards and metrics for models will enhance our understanding of the potential implications of climate-transition decisions.

Corbin & King: what the judgment means for future Covid BI claims

As The Insurer reported late last month, Corbin & King, the owner of upmarket London restaurants The Wolseley and The Delaunay, has defeated insurer Axa in its high-profile court case over Covid-related business interruption (BI) claims.

Russia/Ukraine: Insurers brace for cyber warfare fallout

Paul Handy, global head of cyber for Crawford & Company, warns cyber attacks initiated in the Russia-Ukraine conflict pose a global cybersecurity threat that calls for close examination of exposures and policy wordings.

Resisting the deluge: How the private sector can reduce flood risk in 2022

Richard Smith-Bingham, executive director at Marsh McLennan, says 2021 offered stark reminders of the threat posed by flooding to businesses and societies.

Is Covid a catastrophe?

BCLP senior associate James Fairburn and Jonathan Sacher, co-leader of its insurance practice, examine the impact of the recent Australian Covid-19 test cases to see whether the pandemic can also be considered a “catastrophe” for the purposes of aggregating losses.

Hard or soft: The end of market cycles?

The fourth quarter of 2018 saw the insurance market transition from the longest soft market in living memory to a hard market. Since then, primary corporate and specialty insurers have enjoyed the improving rates. In this article, Oxbow Partners’ Greg Brown looks at the current market cycle and assesses how long it will last and whether the traditional concept of market cycles even applies in today’s world.

What can insurers do to beat the odds?

McKinsey partner Henri de Combles de Nayves highlights nine strategic imperatives for insurers as they navigate through an evolving operating environment that challenges traditional ways of value creation.

Casualty fac firmly in focus heading into 2022

Upheaval in the treaty reinsurance market has historically led to heightened interest in facultative coverage. As such, the prospects for the fac market heading into 2022 are buoyant, with shifting in price expected in the commercial auto, workers’ compensation and general liability sectors, says Sompo International’s Christos Charitos.

RPC: Hard market shifting balance of power on policy wordings

In an in-depth interview Simon Laird, global head of insurance at RPC, examines current market trends and highlights how the hard market has shifted demand for legal services

Rock solid: Allied World in Bermuda

Allied World launched 20 years ago and has been a core (re)insurance market in Bermuda since. The Insurer talks to Colm Singleton, Henry Felix and Mike McCrimmon about opportunity out of adversity, being a nimble innovator, evolving with the island and long-standing client relationships.

RMS: What insurers can expect from COP26

While negotiators, government representatives, and world leaders may dominate the headlines emerging from COP26 over the next two weeks, the insurance industry is likely to play a critical role behind the scenes, writes RMS’ Evan Cropper

Data-driven advancements in European wildfire risk management

As greater regulatory and industry attention is paid to the evolving risk landscape, Guy Carpenter’s Dr Jessica Turner explains why a data-driven approach to assessing and managing wildfire risk is beneficial.

The London market agenda for action…

LMG’s new CEO outlines her immediate priorities and emphasises the importance of speaking with one voice.

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