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ViewpointsLloyd’s sets out recommendations for building simpler insurance products in response to COVID-19
Lloyd’s today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced coverage clarity for their customers.
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ViewpointsFuture of insurance: Rise of parametric covers
Special edition: Future of business. In The Future of Business series, sister title StrategicRISK, in association with Swiss Re Corporate Solutions, look at the scale of change in the industries that are driving real innovation and shaping the future of business, and consider the impact from a risk and insurance ...
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ViewpointsAI won’t save us from a cyber catastrophe
Vinton Cerf, an American internet pioneer and one of the ‘fathers of the internet’ recently shared his thoughts with Airmic deputy CEO and technical director Julia Graham during Airmic Fest
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ViewpointsFuture of insurance: Non-damage business interruption
Special edition: Future of business. In The Future of Business series, sister title StrategicRISK, in association with Swiss Re Corporate Solutions, look at the scale of change in the industries that are driving real innovation and shaping the future of business, and consider the impact from a risk and insurance ...
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ViewpointsBriefing: Insurers need to prepare for the economic and social fallout from Covid-19
The coronavirus pandemic has created a new world for insurers to operate in, and it is one that is made up of new and increased risks. Insurers will need to adapt to this new risk landscape if they are going to thrive in the new normal By insights editor Matt ...
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ViewpointsFitch: Asian Reinsurers Repositioning amid Catastrophe Losses and Pandemic
Insurers and reinsurers in Asia are likely to put renewed emphasis on ensuring the adequacy and appropriateness of their existing (re)insurance protection, following significant catastrophe losses in 2019 and 1H20 and in expectation of the tougher times following the coronavirus pandemic, Fitch Ratings says in a new report.
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ViewpointsHurricane Laura Losses Could Further Stress Insurers’ 2020 Earnings
AM Best expects losses from Hurricane Laura to stress its rated insurance companies’ balance sheets, which already have been weakened by the COVID-19 pandemic.
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ViewpointsBriefing: Covid-19 - a ‘manageable’ global catastrophe?
A newfound wind of confidence is in the air. The catastrophic, game-changing event to end all events – namely Covid-19 – has now been relegated to a “manageable” loss. That seems to be the growing consensus among analysts and industry consultants.
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ViewpointsRisk managers must heed COVID supply chain lessons
Among the key lessons from the crisis, RQA Group says there will be a move towards shorter, more localised supply chains and less reliance on the Far East
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ViewpointsBriefing: How Zurich is adapting to the hardening market
Going into the half year results season, analysts had predicted a shrinking of the amount Zurich was able to release from reserves. When the results were announced, however, reserving had remained stable and all the talk was about how prices were rising faster than claims inflation.
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ViewpointsBrokers need to engage business owners to combat underinsurance in a hard market
Underinsurance is not a new issue within the insurance sector, however the gradual shift from a soft market into a hard one has ramped up the potential risks for business owners who find themselves without adequate cover.
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ViewpointsProgress on Europe’s pandemic insurance schemes could be rapid despite hurdles
Creating public-private pandemic insurance schemes in Europe will be tough, according to risk specialists, suggesting several years of work. But there are some encouraging signs that development could be quicker.
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ViewpointsLong-term governance failures caused Beirut blast
Governmental shortcomings were to blame for the explosion in Lebanon, according to risk experts, who say lessons can be learned from the incident
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ViewpointsBlueprint One: a fundamental rewiring
Blueprint One has worthy aspirations and might do better than previous failed attempts to cut costs through technology at Lloyd’s, according to Bart Patrick, managing director for Europe at Duck Creek Technologies
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ViewpointsQ&A with Munich Re’s Farny: contrasting Asian insurtech with Europe
Tobias Farny is Munich Re’s chief executive for the Asia Pacific markets of China, Hong Kong, Taiwan, Australia and New Zealand
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ViewpointsMunich Re’s Eckl: Japan, Korea, India driving Asia’s cyber market
New rules in South Korea mandated third-party cyber cover for SMEs, while Japan and India are also big buyers
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ViewpointsQ&A with TMK: Cyber risk does not recognise borders
There has never been a better time to buy cyber insurance. Despite this, there is still a concerning lack of take-up among Asia’s insurance buyers, according to Alex Jomaa (pictured), cyber underwriter at Tokio Marine Kiln
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ViewpointsAl Zain’s mission to rebuild Trust Re
Transparency for investors and clients together with “institutionalising” corporate governance, are at the centre of Trust Re’s new chief executive’s plan to return the reinsurer to a growth trajectory
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ViewpointsHong Kong situation highlights competing regional hubs
Tony Gallagher, reinsurance broker Guy Carpenter’s CEO of Asia Pacific answers GR’s questions, as the region’s reinsurance players meet for the annual SIRC rendezvous in Singapore
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ViewpointsAxis Re targets Asian health business, sets new priorities amid shifting standards
China, India and Vietnam represent health reinsurance opportunities
