Commercial
How AI is changing cyber insurance
Post Podcast: How artificial intelligence is being used to create more convincing scams, and how cyber insurance needs to evolve as a result, is the topic of the latest Insurance Post Podcast.
Winners of British Insurance Technology Awards 2024 revealed
The winners of the inaugural British Insurance Technology Awards were unveiled last night (18 June) at a glitzy bash at the London Marriot Hotel, Grosvenor Square.
Why cyber insurers need to take a Quantum leap
The rise of quantum computers presents a challenge unlike any the cyber insurance industry has faced before, according to Tim Callan, chief experience officer at Sectigo, who argues proactively adapting policies and services is vital in the face of this…
Ecclesiastical is cautious about generative AI for complex tasks
Ecclesiastical’s generative artificial intelligence technology is not ready to support high value or complex task replacement, according to group technology director Graeme Howard.
Hiscox’s Tipper on why creative AI demands respect
Max Tipper, head of media at Hiscox UK, considers whether the media and creative businesses are ready to safely use generative artificial intelligence, and whether insurers are ready to provide the protection these companies need.
Zurich’s Bush on why it’s never been more important to build resilience
View from the Top: Charles Bush, head of large and complex and commercial claims at Zurich, argues its incumbent on insurers to work with policyholders on innovating new resilience solutions.
Cover for damage caused by social unrest faces uncertain future
Cover that UK businesses currently take for granted is increasingly being hived off into the political violence insurance market, a report published by Airmic has highlighted.
Contractual requirements boost cyber insurance adoption
A cyber expert at Marsh has warned contractual obligations driving businesses to purchase cyber insurance could be a double-edged sword.
LMG hopes to ‘reenergise’ captives appetite after election hold-up
The London Market Group wants to prevail on the next government to advance work on the creation of a UK captives regime as soon as possible, CEO Caroline Wagstaff has said.
How is insurance stepping up amid election uncertainty?
With a record number of elections in 2024 set to introduce substantial unpredictability into an already volatile risk environment, Edmund Tirbutt examines how insurance is engendering resilience amidst unrelenting geoeconomic uncertainty.
Marsh CEO scores insurers ‘C+’ for innovation
Marsh president and CEO Martin South has said that he would score the insurance industry at best ‘a C+’ for innovation and that market structures are preventing the sector putting client needs first.
Big Interview: Cécile Fresneau, QBE
Cécile Fresneau, managing director of the insurance division of QBE’s European Operations, reveals her growth plans, hopes for generative artificial intelligence and her efforts to boost the number of female senior underwriters.
Buyers demand greater stability and more forward thinking from insurers
While a softening commercial insurance market may be welcome news to corporate insurance buyers, rate instability leaves insurers’ credibility at risk, Marsh head of risk management placement Cat French has told Post.
Redefining risk with Martyn’s Law
Paul Tarne, partner at law firm Weightmans, explains how landmark counterterrorism legislation Martyn’s Law will affect insurers.
Why social housing providers need to update their cover
Post Podcast: Why social housing providers should be prompted to update their insurance coverage and give accurate rebuild costs by conducting reinstatement cost assessments is the topic of the latest Insurance Post Podcast.
Insuring property damage caused by cyber attacks
Analysis: As clients in heavy industry and manufacturing look to insurance to cover property damage that occurs due to cyber attacks, Harry Curtis explores the risks that arise at the intersection of cyberspace and the physical world plus what options…
Industry watches as election puts Martyn’s Law passage in doubt
Anticipated legislation targeted at boosting public premises’ resilience to terrorist attacks could now be delayed by the dissolution of parliament ahead of July’s general election.
Andy Haste appointed Canopius group chairman
Canopius has appointed former RSA boss and current Esure chairman Andy Haste as its group chairman, succeeding Michael Watson on 1 July.
Q&A: Marc Lewis, Ecclesiastical
Marc Lewis, underwriting director for the UK for Ecclesiastical, reveals how the insurer is embracing artificial intelligence plus its plans to grow the casualty business.
What is going on with electric vehicle insurance?
Post Podcast: What pushed up the price of electric vehicle insurance plus the steps providers are taking to ensure premiums are affordable is the topic of the latest Insurance Post Podcast.
Smaller businesses increasingly drawn to growing recall insurance market
Smaller businesses are increasingly buying product recall insurance in order to meet their contractual obligations, spurring growth in what has long been a niche corner of the industry.
Insurers face margin crush unless premiums are hiked
Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.
Zurich consolidates UK commercial and retail distribution teams
From 20 May, Zurich UK will consolidate its commercial and retail distribution teams into one unit for brokers accessing the business, Insurance Post can reveal.
Insurance industry has huge role to play in raising awareness of Martyn’s Law
Experts at the 2024 British Insurance Brokers’ Association Conference have flagged the huge role brokers and insurers have to play in raising awareness of the incoming legislation aimed at protecting premises from terrorist attacks.