Covid-19

Companies globally face a multitude of risks, from the current volatile sociopolitical environment to the increased adoption of artificial intelligence (AI) and issues surrounding environment and social and governance (ESG). This has led to increased demand for insurance coverage from multinationals.

Insurers should brace themselves for much more volatility in the investment markets for the foreseeable future and will likely need creative solutions to improve their returns.

Insurance asset owners are hopeful that challenges like rising inflation and political instability will not lead to a deep recession in 2023.

Focusing on risk management is key to securing insurance in the changing yacht insurance market, according to marine specialists.

The Covid-19 pandemic is the mother of all systemic shock losses. According to analysis by insurance broker Howden, pandemic-related insured losses stood at $43.5bn by the end of 2021.

The market is returning to the Mediterranean spot for the first time since 2019

How recent headlines around insurers denying pandemic claims, insuring fossil fuels or even treating employees poorly could have a long-term impact on individual companies and the industry.

Improved airplane safety, COVID and the Ukraine war are among the changes the aviation insurance industry has seen, said Terry Wood, head of AXIS Aviation for AXIS.

As companies adjusted to employees working from home, and the experience of natural catastrophe striking new areas, the insurance industry is rethinking their claims processes, said Dave Chmiel, SVP, National Director of Claims North America, HUB International.

Depression is now the leading cause of disability in the world. Companies need to start by acknowledging that, and then open to the door to help employees, said Noreen McMullan, chief people officer, AXIS.

Com a pandemia, quais são as novas prioridades para os consumidores? Quais são suas principais preocupações e considerações ao comprar um seguro? Estamos prontos para enfrentar uma crise semelhante no futuro? Como os resseguradores podem ajudar a tornar as sociedades mais resilientes?

Tras la pandemia, ¿cuáles son las nuevas prioridades de los consumidores? ¿Cuáles son sus principales preocupaciones y consideraciones al comprar un seguro? ¿Estamos listos para enfrentar una crisis similar en el future? ¿Cómo pueden las re/aseguradoras ayudar a las sociedades a ser más resilientes?

The rapid response to COVID-19 from a wide range of manufacturing businesses called for accelerated risk assessment all along the insurance value chain.

The talent shortfall facing the insurance industry isn't helped by talk of technology replacing people, said Rohit Verma, CEO, Crawford & Company.

The lockdown didn’t stop employment practices liability insurance (EPLI) claims. Quite the opposite. Changing rules, social attitudes, and a shift in the workplace balance of power are creating new challenges for organizations.

Inflation risk is potentially quickening the Fed's rate hiking schedule becoming a key driver of downside economic risk, said Jake Meyer, senior economist with Swiss Re Institute.

Stephen Catlin and Paul Brand, who co-founded Convex in 2019, say keeping employees happy gives them an edge in the market.

The life market is being re-energized by new entrants and fresh capital, according to speakers at a recent Insider Engage webinar.

Andy Hottinger discusses the potential impact of COVID-19 and climate change on lines like casualty, motor, health, and professional liability.

HR professionals agree that insurers need to take a nuanced approach to hybrid working – if they want to keep employees onside.

As the pandemic continues to hamper shipping and disrupt labor, demand-driven inflation is likely to continue, said Michel Leonard, vice president, senior economist and data scientist, Insurance Information Institute.

Lockdown disrupted the world of work forever. In the first of two articles, HR experts discuss the big challenges that insurers and brokers face as they strive to attract and retain the best talent.

The sudden shift to mass remote working was brought about by the pandemic, but now companies are making more deliberate choices for long-term flexible working.

In honor of the IICF Week of Giving, October 9 – 16, 2021, the IICF and Insider Engage will spotlight a project each day to highlight the volunteer and giving work of our insurance industry colleagues.

The (re)insurance sector needs to face the mental health problems created by the pandemic and returning to the office.

After a rocky start, specialty insurers are doing much to support the world’s recovery from Covid-19.

Concert halls, theaters and stadiums sat vacant during the pandemic. Insurers can help get the ravaged events industry back on its feet.

Hurricane Ida has stirred up the ongoing challenge of catastrophe pricing.

Jim D'Onofrio, general manager, Liberty Mutual Reinsurance, shares how insurers can help prepare for the next 'Gray Swan,' which could include risks like forever chemicals, cyber, financial crisis, and pandemic. Click on the link below to view the video interview.

The psychological effects of the pandemic and quarantine are profound: social isolation, a tsunami of grief as people cope with losses, financial chaos, unemployment, uncertainty and business closures. Is this fueling a rise in diseases of despair? And what are the considerations for the insurance market on possible impacts on claims?