Risk Management
Protect Duty legislation likely to push up the price of liability cover - RSA UK's Harrison
Forthcoming counterterrorism legislation is likely to push up the price of liability insurance and make higher limits harder to obtain for some businesses, says RSA UK Specialty's casualty head Steve Harrison.
The rise of parametric insurance
Parametric insurance is characterised by offering predefined pay-outs that will be paid based on predetermined events or parameters taking place, regardless of the actual loss caused.
Campaigners call on insurers not to cover expansion of one of the world's biggest gas projects
Reclaim Finance has called for insurers of the Ichthys liquified natural gas project not to renew the coverage.
Hunt appointed CFO of HDI Global UK and Ireland
HDI Global has appointed Simon Hunt as CFO for its UK & Ireland branch.
Titcomb to replace Kesterton as Thomas Miller CEO
Thomas Miller, the international transport and professional indemnity specialist, has announced it intends to appoint Hugh Titcomb as its new CEO, subject to shareholder approval, replacing Bruce Kesterton.
Blog: Deploy digital technologies and AI to close up the climate protection gap
As climate change having a potential of wiping out $20trn worth of assets, Mark Fry, global strategic business development director at Atos Financial Services, considers how the insurance industry can close the climate protection gap by using both new…
Insurance fraud from A to Z
This A to Z insurance fraud guide aims to collate CRIF’s research and experience in the insurance fraud field into one place.
Blog: Will the risk and costs of legalising e-scooters outweigh the benefits?
With 31 regions across England currently trialling e-scooters as part of the drive towards Net Zero, David Nichols, chief claims officer at Zurich, considers what the consequences of legalising these vehicles will be for both insurers and policyholders.
Insurance fraud - but not as we know it
The UK insurance market is heading for unchartered waters when it comes to insurance fraud.
Analyst answers: Don't underestimate the power of image data
Images are everywhere, from personal phones to ATMs to video doorbells. These images can tell stories, prove facts, and reveal so much. So, how does this apply to insurance?
Can artificial intelligence remove bias in data-driven decisions?
The insurance industry has a natural interest in leveraging data analytics and human bias is an indisputable challenge when we aim to extract business value from data.
Equipping financial services for the ESG era
To stay relevant, financial services companies must move from treating ESG as a cost of doing business to using it as a fundamental strategy to increase revenue and drive growth.
Journey to underwriting excellence
The need for hyper-personalised underwriting has taken on a completely new meaning. At the same time, customers are buying insurance via non-traditional channels and are expecting a superior experience.
Gallagher Re launches academic research centre to develop risk management strategies
Gallagher Re launches Gallagher Research Centre to help its clients improve their perception of risk for all types of hazards.
Blog: Building back better flood resilience is the pathway to the future
The Environment Agency is planning for higher and more intense rainfall, with a rainfall anticipated to increase 35% by 2070 accompanied by rising sea levels. Ian Gibbs, national technical manager at Sedgwick, urges the industry to accept that climate…
How can insurance products evolve as insureds evolve?
This blog highlights two major factors which are shifting for insureds which help inform how the insurance industry can respond by providing innovative new products.
Sustainable underwriting: How insurers can account for ESG risks and enable dynamic pricing
ESG is becoming increasingly prevalent in insurance, both as a source of new risk and of strategic opportunity.
Eight trends shaping the future of the insurance industry – Part one
Sapiens in the Nordics (formerly Tia technologies) has identified eight key trends as critically relevant for the future of insurance over the next 12 years. This blog highlights the first four trends.
The resurgence of reinsurance
Reinsurance plays a key role in the well-being of insurers and when managed adroitly provides critical solutions in the long term.
Climate change: How will insurers be recognised by history?
Limiting global warming to 1.5°C is still possible. But here’s the bit you don’t hear talked about: The insurance industry has a pivotal role to play in making it happen.
Government announces better flood protection for new homes
The government has published an updated planning guidance to ensure new homes will be better protected from flooding following changes to planning guidance.
Aviva confirms acquisition of Azur’s HNW business; Quotech raises £1m from Convex and angel investors; FinTech Scotland partners with Finance Isle of Man; and Jensten Group buys J Bennett & Son
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Evolving role of reinsurance in a world fraught with cyber risks
As cyber security incidents continue to rise, how can insurers better understand which risks they are writing and the level of exposure they are taking on?
What do insurance, politics and civil unrest have in common?
Civil unrest has doubled in the last decade and general strikes have quadrupled. This blog outlines the link between insurance and business interruption caused by civil unrest.