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Lloyd's launches underwriting review

The Lloyd's building

The Lloyd's Market Association is reviewing the way contingent business interruption cover is written in the Lloyd's market following a string of major catastrophes last year.

The LMA said that the earthquake and tsunami in Japan and flooding in Thailand, among other catastrophe events, have highlighted the importance for CBI underwriters of properly understanding the

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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