The industry has learnt to communicate more clearly what is and isn’t covered by insurance policies, according to the Association of British Insurers, Allianz and Genasys.
Public-private partnership to tackle systemic risks 'in the government's interest', says Pool Re CEO Clementi
Pool Re CEO Tom Clementi has said that it is in the government’s interest to pursue a public-private partnership with the insurance industry to address systemic risks.
Steve White, CEO of the British Insurance Brokers' Association, reflects on the resonance conversations about reducing and avoiding risk have at a time when we are all being asked to weigh up what level of risk we are comfortable with in our everyday lives.
Post spoke to market experts to get their predictions for what 2022 will look like.
Ahead of the British Insurance Brokers’ Association hosting its annual conference online for the first time ever, Post caught up with CEO Steve White to discuss what virtual attendees will see and hear about, the trade body’s ongoing lobbying and his…
When facing the large losses pandemics threaten “we could do more” if a cover solution was limited to SMEs, Ivo Menzinger, Swiss Re managing director for public sector business across Europe, the Middle East and Africa, has said.
Pandemic-related business interruption is “not insurable”, Scor CEO and chair Denis Kessler has said, likening the risk to that of property damage suffered during a war.
Pool Re boss flags 'market failure' concerns as exclusions mount with no 'Pandemic Re' or 'Resilience Re' solution on the table yet.
The Covid-19 pandemic has not led to market failures in the UK insurance sector, James Dalton, director of general insurance policy at the Association of British Insurers, has said.
The British Insurance Brokers’ Association has launched its 2021 manifesto with the heading of ‘Resilience’ as it highlighted the ways it said brokers can help as the UK adapts to a post-pandemic normal after Brexit.
The Covid-19 pandemic is dislocating economies around the world. It has also presented a unique test for property and casualty insurers: a surge of losses and a hit to assets, combined with a sudden shift to remote working, writes Clyde & Co partner…
Panellists speaking at an industry forum on Wednesday cautioned that insurance pools set up to provide cover for terrorism risks may not be the best templates on which to build pools that deal with pandemic risk.
Work to create a vehicle for dealing with catastrophic and systemic risks in the wake of the coronavirus pandemic must take into account the full spectrum of risks capable of causing comparable levels of disruption, prominent industry figures said on…
After relaxing the national lockdown, the government imposed local restrictions to control the spread of the Covid-19 virus. Post investigates what implications these local lockdowns have for insurance.
Munich Re has called for government-backed risk pools to be created to insure against the effects of future pandemics.
Helle Thorning-Schmidt, the former prime minister of Denmark, has urged the insurance industry to share fears and cost analyses on uninsurable events to make governments accountable for action on climate change and pandemics.
In a half year results call, Marsh and McLennan CEO Dan Glaser aired a “personal” view that the Aon and Willis Towers Watson merger will be negative for clients and the market .
The industry should not shy away from the business interruption insurance issue but equally it is not “the be all and end all of the Covid crisis”, according to Huw Evans, director general of the Association of British Insurers.
The 1998 romantic comedy, Sliding Doors, starring Gwyneth Paltrow alternates between between two storylines, depending on whether or not she catches a train. It is essentially a ‘what if’ tale, like much of our lives at the present time, writes Ashwin…
Amber Rudd, former Home Secretary, will lead one of six working groups set up by the Pandemic Re steering group.
Pool Re boss Julian Enoizi spoke to Post senior reporter Emmanuel Kenning about Pandemic Re, the Office for National Statistics change in the terrorism reinsurer’s classification and using its funds to pay for business interruption claims in the…
In this month's column, David Worsfold, a long-running commentator on the insurance market, explains why he fears the sector got off on the back foot on its business interruption coronavirus response, what Pandemic Re might look like and what impact the…
Market discussions around Pandemic Re options are crucial and serve a "noble purpose", Huw Evans director general of the Association of British Insurers told Post, as he confirmed the trade body is in discussion with Lloyd's and anticipates an invitation…
The insurance industry stands ready to participate in the creation of a Pandemic Re vehicle but opinions differ on how it would work.