The world has become increasingly unpredictable over the past 30 years, with political volatility contributing most to uncertainty in recent years, according to research conducted by QBE.
Ahead of the Post Insurance Technology Summit, Post editor Stephanie Denton sat down with Duck Creek Technologies Europe managing director Bart Patrick to discuss the cultural step change need in insurance to remove the upgrade nightmares.
Insurers have been forced into the front line of the fight to stop global warming and climate change and they are beginning to feel uncomfortable and exposed. While several major insurers have issued bold commitments to join the fight to halt global warming, they seem uncertain about where this might be leading them. David Worsfold reports
A closer look at how board-level considerations of climate change must shift, and the potential consequences if they do not
Approximately three-quarters of cyber claims notified to CFC in the last year involved some kind of human error or oversight. This is in part due to the truth that theft of funds, ransomware, extortion and non-malicious data breaches usually involve the exploitation of the human element in any given business process writes Roger Francis, cyber claims director at CFC Underwriting.
Reinsurance rates have started to rise after a series of natural disasters in 2017 and 2018, but the increases are not being seen across the board.
Catastrophe modelling firm RMS has estimated that the insured losses from Typhoon Faxai in Japan will be in the range of $5bn to $9bn (£4.1bn to £7.3bn).
Today’s terror attacks come in many forms – from homemade bombs to suicide bombers, knife and acid attacks to vehicles ramming pedestrians. Chris Parker, head of Beazley’s terrorism, political violence and kidnap & ransom underwriting team argues all are hard to detect and defend against, all leave human tragedy in their wake, and many create ongoing distress for businesses caught up in the chaos.
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