Commercial
Cyber-attacks on the high street: where do liabilities lie?
Joel Leigh and Elizabeth Morley, partners at law firm Howard Kennedy LLP, explore the wide-ranging legal, regulatory and insurance implications of recent high-profile cyber-attacks on UK retailers including M&S and Co-op.
RSA’s Norgrove warns insurers alone can’t solve climate losses
RSA UK and International CEO Ken Norgrove has warned that insurance alone can’t solve climate-linked losses, urging the industry to have greater focus on resilience, adaptation, and stronger construction rules.
Throwback Thursday: CII merger; Monument demolished
Insurance Post’s Throwback Thursday steps back in time to June 1991 to remind you what was going on this week in insurance history when a Chartered Insurance Institute merger failed to win support.
Insurance risks of Labour’s housebuilding plans
The latest Insurance Post Podcast covers the insurance implications of Labour’s pledge to build 1.5 million new homes in five years – a target that raises major questions around construction safety, cost inflation, and long-term resilience.
Google warns cyber attackers are targeting insurers
Google’s Threat Intelligence Group has warned “the insurance industry should be on high alert” after analysts spotted several US insurers are being targeted using Scattered Spider tactics.
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
Retail attacks lay bare everyday cyber security challenges
While headlines about recent cyber attacks suffered by UK retailers, such as M&S, may renew interest in cyber insurance, the attacks are not a departure from the threat landscape companies already faced, market experts have told Post.
What Applied’s Epic exit means for the market
After Applied Systems announced it was pulling its Epic platform from the UK, what does that mean for the UK broker e-trading market?
London shouldn’t be allowed to dominate UK captives sector
Industry leaders have warned that efforts to launch a UK captives sector would need to be a nationwide initiative, and not just focus on London in order to fully realise the opportunity at hand.
M&S attack proves public-private cyber risk pool is required
Editor’s View: The cyber attack against M&S shows insurance alone can’t swoop in to save the day when cyber criminals attack major retailers, so the government must partner with providers now to ensure national resilience, argues Emma Ann Hughes.
Aon using AI to identify insurer breaking points
Aon UK CEO Jane Kielty has revealed the broker is using artificial intelligence to identify points in the negotiation process where it may be able to extract more favourable terms from insurers.
Reeves flood defence budget hike fails to ease insurance concerns
Chancellor Rachel Reeves Spending Review increased the amount of cash set aside for flood defence pledge, drawing praise from the insurance industry but also warnings over the lack of clarity on how UK property will be made more resilient.
D&O insurance in the second Trump era
In the latest episode of the Insurance Post podcast, how a second Donald Trump US presidency and a new Labour government in the UK are reshaping directors’ and officers’ insurance is discussed.
Treasury set to greenlight new UK captives regime
HM Treasury is expected to push ahead with plans to reform regulations in order to encourage the growth of a UK captives sector.
Liverpool’s insurance sector is still alive and kicking
As the Airmic conference lands in Liverpool, Insurance Post’s Harry Curtis takes a look at the city’s storied insurance past as well as how the industry is still quietly thriving on Merseyside.
Sonya Bryson to depart RSA
Sonya Bryson is leaving RSA just 18 months after being appointed MD of the joint commercial lines business.
Three ways insurers can better assess the risk of weight loss jabs
Swiss Re has made three recommendations on how insurers can leverage the results of behavioural science experiments to better assess risk and support policyholders using weight loss jabs to reduce their waistlines.
Diary of an Insurer: Markel’s Nick Line
Nick Line, chief underwriting officer of Markel, empowers underwriters, put his coffee order in first thing through the Markel app on his phone, identifies pressing issues as chair of Inclusion at Lloyd’s and reads about developments in cosmology and…
Aventum seeks consumer scale in specialty through AI tools
Aventum Group aims to grow the volume of specialty business to the scale of consumer lines through the use of artificial intelligence (AI) tools, according to chief technology officer Hasani Jess.
Claims managers warned against trying to ‘solve the world’ using AI
Insurers and brokers are looking for the “golden nuggets” – but progressing with caution by keeping “the human in the loop” when it comes to integrating artificial intelligence (AI) into their property claims functions.
Ki slashes model development from years to weeks with genAI
Ki’s technology managing director Alan Tua has revealed how switching from traditional machine learning models to generative artificial intelligence models for algorithmic underwriting has resulted in “double digit” accuracy improvements.