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Mixed 2012 renewals for global reinsurance market

The 1 January 2012 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation, according to Guy Carpenter.

Cyber threat poses huge global risks

Fiscal problems, global connectivity and demographic shifts pose the biggest risks in the next few years, according to the World Economic forum’s 2012 Global Risks report.

Insurers must not lose sight of long term challenges

Speaking as part of the Insurance Institute of London Lecture programme, Mark Hoban, MP, financial secretary to the treasury, said that there is “no place for complacency” in the insurance sector.

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