News – Page 73
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NewsParametric ‘ugly duckling’ could become sector’s ‘future’
“Ugly duckling” parametric policies have the potential to evolve into the ”future of insurance,” according to Eric Schuh, chief insurance officer and chief financial officer at Element Insurance AG.
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NewsInsurance industry braces for soaring payouts from war in Ukraine
Stranded planes, battered ships, bombed-out buildings and unrecoverable debts created by Russia’s invasion of Ukraine have left the global insurance industry braced for soaring payouts and protracted legal disputes. The war in Ukraine could cost insurers billions of dollars in claims, with the aviation insurance sector alone facing potentially the ...
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NewsLloyd’s fines insurer over unacceptable behaviours
Lloyd’s of London has levied its biggest-ever fine of over £1m to managing agent Atrium over ’boys’ nights’ misconduct
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NewsBiodiversity risk to become material by 2024
Corporates have just two years to improve due diligence around biodiversity throughout their value chains - report
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NewsAviation sector faces losses “on a par with 9/11”
543 Boeing and Airbus aircraft will be seized by the Russian Government under new legislation
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NewsCharles Taylor InsureTech launches hub to empower industry’s value chain
Charles Taylor InsureTech has today (15 March 2022) launched a cloud-based Software as a Service (SaaS) capability proposition named InHub to enable the insurance value chain to drive better results.
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NewsBig three brokers exit Russia
Marsh, WTW and Aon have announced they will cease all business in Russia
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NewsMarsh pulls all Russian business
Intermediary business Marsh McLennan has decided to cease and exit all its businesses in Russia, following the state’s invasion of Ukraine last month (February 2022).
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NewsInsurtech UK to tap into US market with new insurance corridor
Insurtech startup trade association Insurtech UK yesterday (10 March 2022) launched an insurance corridor between the UK and Connecticut, USA.
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NewsDWIC 2022: Why prevention is better than cure
It is time to take full advantage of the workplace transformation in health and wellbeing
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NewsDWIC 2022: Is AI the next ‘silent cyber’?
Re/insurers are blissfully unaware of their growing exposure to AI-related liabilities, warned Simmons & Simmons
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NewsDWIC 2022: SIAB offers region a “brilliant vehicle”
Oman Insurance gained approval to launch Syndicate 2880 last year on the Lloyd’s DIFC platform
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NewsDWIC 2022: Why takaful needs an overhaul
Inherent issues with the Takaful model continue to hinder the market’s development in the GCC
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NewsDWIC 2022: Cyber re/insurers limit exposure to ransomware
Ransomware continues to shape the cyber risk landscape, explained DWIC roundtable panellists
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NewsDWIC 2022: 800 delegates flock to conference
Arif Amiri, CEO of the DIFC Authority, officially launched the fifth Dubai World Insurance Congress 2022
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NewsPolish insurer taps Tractable’s artificial intelligence platform
Polish insurer PZU will be using Tractable’s artificial intelligence (AI) platform to create immediate end to end assessments and estimates of vehicle damage.
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NewsGallagher launches fac business in the DIFC
Gallagher has taken a majority share of 51% of ACE Re Ltd (DIFC); Its team and clients will trade as Gallagher going forward
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NewsIndependent US broker buys ‘winner’ GRP
Florida-based independent broker Brown and Brown has agreed to buy UK intermediary business Global Risk Partners (GRP), providing longer-term capital to fuel GRP’s culture-driven acquisition pipeline.
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NewsFitch warns of spillover cyberattacks
Cyberattacks on businesses and government agencies have increased following the Russian invasion of Ukraine
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NewsTrade credit insurers pull back from Russia and Ukraine
Trade credit insurers have been pulling back from insuring goods or services that are being exported to Ukraine and Russia due to the ongoing conflict, which escalated in February 2022.
