All insurance articles – Page 10
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Analysis
Cyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Convention
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Analysis
Russian gas cut-off would be uninsured - Fitch
The limited scope of BI insurance was highlighted when many firms were disrupted by pandemic-related restrictions
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Analysis
Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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Analysis
European wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed
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Analysis
Supply disruption rises as Rhine levels fall
Water levels are at their lowest for the time of year since 2007, limiting the commodities that barges can carry
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Analysis
The metaverse will support ‘shift from risk indemnity to risk mitigation’
Use of the metaverse for the insurance sector is “evolving at pace”, says Accenture’s global insurance lead
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Analysis
Despite inflation: cost advantage of renewables grows
Wind and solar projects are much cheaper than new coal or gas-fired power plants, despite rising construction costs
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Analysis
AGCS integrates captive solutions into expanded multinational offering
Henning Haagen will oversee the new team with Guy Money promoted to global head of Multinational Business
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Analysis
Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Analysis
Insurers adapt underwriting to better price climate risks
Conduct risks such as ‘greenwashing’ stand to be major source of environmental liability claims
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Analysis
Claims inflation will extend hard market - sigma
Global insurance premiums are set to surpass $7 trillion for the first time, with the UK and France showing strong growth in Europe
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Analysis
Cyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
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Analysis
Insurers must build new, data-led markets
Imagination is needed by corporate risk managers to deliver outcome-based solutions, say panellists
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Analysis
Insurers must ‘lean into’ systemic risk - ABI
Policyholders expect more innovative solutions from insurers after the industry’s Covid-19 BI claims response
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Analysis
Has 2022 knocked resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma
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Analysis
Amrae: Cyber remains a volatile class of insurance
Renewal negotiations should be less tense in 2022 with cyber underwriters seeing fewer claims and a return to profitability
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Analysis
Lloyd’s warning over state-sponsored cyber attacks
Cyber attacks targeting critical infrastructure rose from less than 10 in 2013 to almost 400 in 2020
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Analysis
ESG approach helps buyers secure D&O
More D&O insurers are willing to offer better coverage to businesses with robust ESG frameworks, says Marsh
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Analysis
Pool Re warns of ‘perfect storm’ in geopolitics
Power games are increasingly being fought on multiple levels beyond physical conflict, including cyber warfare
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Analysis
Beazley to prioritise firms with robust ESG scores
Companies must meet an appropriate threshold score under Marsh’s ESG Risk Rating (ERR) framework