Risk Management – Page 50
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NewsDramatic reinsurance price hikes ‘may need to be passed onto customers’
’Reinsurance that protects us as insurers has risen across the piece,’ says managing director
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NewsInsurers plan for significant growth in sustainable energy market
’Respondents displayed a bullish appetite for it,’ says statement
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News AnalysisBriefing: Changing climate now stretching industry’s ability to offer cover
The sector must steel itself for the response of insureds it can no longer afford to protect
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NewsValuation plea as underinsurance crisis intensifies – H&H
‘During Covid, when site visits weren’t allowed, many fell into the habit of carrying out reviews over the phone,’ says commercial director
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NewsAqueous sets sights on SME dominance in wake of capacity deal
The deal represents “a new partnership that marks a major and important step on our journey,” says head of eTrade
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NewsConvex backs aviation MGA as it prepares for takeoff
’Tackling sustainability and safety in aviation are among the greatest responsibilities of the insurance market,’ says head of aerospace
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News AnalysisTechTalk: Silicon Valley Bank collapse could see ‘contraction of capital’ – but for now it’s business as usual
There remains ’a massive amount of nervousness’ for some UK insurtechs, says chief executive
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NewsLloyd’s Lab reveals insurtechs in tenth cohort pitch day
’The insurance sector and innovation have to some moved at a slow pace – with the industry being conservative in nature and therefore slow to embrace change,’ says Altus non-executive director
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News AnalysisBriefing: Cost of living crisis warrants consumer cover rethink
The extended warranty sector is seeing a ‘renaissance’ as costs rise sharply
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NewsNearly one in five SMEs cutting insurance cover – Allianz
This development ’raised the risk’ of underinsurance, says insurer
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NewsGeneral insurance receives 19,346 new complaints over H2 2022 – FOS
The upheld rate is ’back above pre-pandemic levels’ in a concerning turn for the sector, says co-founder
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NewsHNW clients more concerned about crime since cost of living crisis – Ecclesiastical
‘Brokers play an important role in helping high net worth clients understand the risks they are facing,’ says art and private client business director
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News AnalysisBriefing: Insurers facing flood dilemma as new models remove all doubt
New research provides greater certainty around potential flood events and their location – but how will these details impact the cover offered by insurers?
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NewsSummer 2022 heatwave saw surge in subsidence payouts – ABI
Insurers are expected to pay £219m in subsidence claims for 2022 caused by last summer’s ’record breaking high temperatures’, says association
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NewsAnimal infestation home insurance claims on the rise
Home insurance claims relating to animal infestation are at ‘an all-time high’, according to new data
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NewsInsurers could reject customers’ cat cover as new law issued
A policy could be invalidated if chip details are not correct, a pet insurance expert warned
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NewsNew MGA unveils parametric cyber cover with Axa XL backing
The policy is a ’simple and innovative solution to a complex problem’, according to Axa XL’s UK and Lloyd’s chief underwriting officer
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NewsBriefing: Cyber clarity move may encourage underwriters to byte
Although the insurance industry may not have the ‘muscle memory’ to react to a major cyber event, Lloyd’s of London’s attempts to clarify cover around state-backed attacks could present opportunities for brokers
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NewsFlood Re completes East Peckham pilot to score properties’ flood resilience
The reinsurance scheme hopes its new flood resilience scoring could help underpin future insurer pricing
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NewsBank of England warns insurers of capital ‘uncertainty’ over climate risks
The regulator warned the ’uncertainty represents a risk appetite challenge for micro and macroprudential regulators’
