All Analysis articles – Page 2
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Analysis
FCA investigates 165 Covid-19 scams
The data collection exercise further revealed that the types of scams that have been popular during the Covid-19 pandemic are typically communicated using emails, phone calls, text messages, letters and social media.
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Analysis
Ambiguity in BI policy wordings is ‘natural’ following ‘black swan’ Covid outbreak
The ambiguity in business interruption (BI) policy wordings related to Covid-19-based claims is “natural”, however this debate should be used as a catalyst for the insurance sector to proactively review contract small print in order to eliminate unclear phrasings that may prove problematic for insurers if applied to future “black ...
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Analysis
Policies will need to adapt to changing risks brought about by Covid says analytics firm
Insurance policies will need to change in order to reflect the fluctuating risk environment created by the Covid-19 pandemic, while new products centred around remote working, for example, will become more common, according to data and analytics firm GlobalData.
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Analysis
ILS Capital Completes First-Ever Securitisation of Trapped Capital, Solving Reinsurance Industry Problem
Marking a milestone in asset-backed securities, ILS Capital Management, a Bermuda-based investment firm specializing in insurance and reinsurance investments, has completed a $57 million offering of 5.50% asset-backed notes, a securitization of the residual value of trust accounts supporting reinsurance contracts (known in the industry as trapped capital).
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Analysis
Insurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer
Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...
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Analysis
Back to office transitions bring new risks and lessons to the insurance industry
Next month marks the return to offices for most staff in the insurance industry, but as the UK unwinds from lockdown, what risks should brokers be aware of in a post-pandemic world and will office life ever look the same again? Insurance Times investigates
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Analysis
REPORT: Global guidance on the integration of environmental, social and governance risks into insurance underwriting
After a multi-year global consultation process, leading insurers from around the world and the UN Environment Programme (UNEP) launched last the first global insurance industry guide to tackle a wide range of sustainability risks—from climate change, ecosystem degradation, pollution and animal welfare and testing; to child labour, controversial weapons, and ...
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Analysis
Brokers need to beware ‘breach of duty’ risks arising from Covid-19 impacts
Law firm Plexus Law advises brokers to ‘pay attention in this changing market’
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Analysis
Insuring reputational risk opens opportunities for new business
Protecting brand reputation has become a top priority for insurance businesses
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Analysis
What does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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Analysis
Aon cyber risk analysis compares California’s CCPA with GDPR, plus New York’s SHIELD
Data protection legislation in California and New York adds to existing cyber risk rules
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Analysis
Baden-Baden: Hannover Re expects German rates rise in 2020
German reinsurer E+S Rück said its home market should see improved rates and conditions next year
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Analysis
What if 1989’s Loma Prieta Earthquake happened today?
Same earthquake hitting the Northeast Bay today could create a $27bn insured loss and a $184bn economic loss in the heart of Silicon Valley, according to an RMS catastrophe modelling study
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Analysis
Climate risk: new PRA requirements come into force
New requirements to enhance insurers’ approaches to managing the financial risks from climate change came into effect on 15 October from the UK’s Prudential Regulation Authority
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Analysis
Future at Lloyd’s ‘Blueprint One’ launched in London
Lloyd’s has released the 150-page “Blueprint One” for the London re/insurance market’s future transformation
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Analysis
Takaful needs to reduce expenses, boost awareness and distribution – FAIR panel
Takaful and retakaful specialists discussed the market for Islamic insurance products in a panel debate at FAIR 2019 in Marrakech
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Analysis
Microinsurance panel: small premium x large distribution = feasible
Swiss Re’s Beat Strebel was among panellists discussing microinsurance at FAIR 2019 in Marrakech
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Analysis
Dorian provides the pre-Monte suspense for 2019
Hurricane Dorian provides this year’s pre-Monte Carlo jitters as re/insurance execs pack their bags for 2019’s Rendez-Vous de Septembre
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Analysis
Analytics avenue for unlocking growth for insurers – Swiss Re
Latest Sigma report from Swiss Re focuses on how P&C insurers should use advanced analytics to find profitable growth
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Analysis
China fears amid Africa’s protection gap optimism - Afro-Asian event at Lloyd’s
Africa’s re/insurance market is fearful at lost business going straight to China, amid the optimism about infrastructure projects, technology and economic growth closing the continent’s protection gap. David Benyon reports