Operations
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The watchdog’s new product governance rules could be a catalyst for big change in the UK general insurance market.
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What natural disasters and calamities aren’t doing in New York, the state’s legislature just might.
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Nicola Parton, head of P&C Business Management at Swiss Re, explains how the rapid growth of third-party litigation funding could threaten the affordability – and even insurability – of some liability risks.
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Ripples from the Task Force on Climate-Related Financial Disclosures will impact insurance asset management: from asset allocation and manager selection decisions to more onerous data management and reporting requirements.
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The London Market Group wants to see nuanced refinement of the Solvency II UK regime. Unnecessarily burdensome requirements should be scaled back leaving what is actually important to clients, supervisors and firms.
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Ubiquitous “forever chemicals” could pose an unprecedented liability claims threat, risk experts warn
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The long-awaited arrival of IFRS 17 is now just 18 months away. The race is on to implement the major changes required and work out what the standard will mean in practice - not least for the bottom line
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Many UK insurers want to break away from the more prescriptive requirements of the Solvency II regime, but the room for manoeuvre may be limited
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Welcome to the third installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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Welcome to the second installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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Welcome to the first installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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In 2020, worldwide class action settlements tallied over $5.8bn, up from $3.6bn a year earlier – with 95% of those originating in the U.S.
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Insider Engage gets the experts’ views on some of the biggest legal and regulatory challenges facing the (re)insurance sector in 2021 and beyond
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It is to everyone's advantage to embrace this trend and settle for a fair number without the old-fashioned ritual dance. Plus: six things you must know when resolving cases during a pandemic.
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With social inflation threatening to spiral ever higher in the US, could UK carriers see the cost of claims follow a similar trajectory?
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D&O liability rates have already rocketed at recent renewals, but new board-level regulations on the horizon could raise the risk for company directors, putting further pressure on pricing
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The frequency of costly claims will also continue to impact individuals seeking homeowners coverage.
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Rising interest rates and the weakened economy have made public fixed income attractive to property and casualty insurers, who are shifting away from alternative assets to play in their comfort zones.
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In Partnership With NuveenInsurance asset owners are hopeful that challenges like rising inflation and political instability will not lead to a deep recession in 2023.
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With all asset classes producing negative returns, insurance asset managers are searching for creative ways to manage their investments, said Rip Reeves, chief investment officer and treasurer for AEGIS Insurance Services.
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UnderwritingIn Partnership With ArchSteven Loyens, Chief Actuary at Arch Insurance International, discusses the importance of a collaborative and integrated actuarial function, as businesses continue to navigate an increasingly data rich environment.
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The CEO of Lockton Re Bermuda sees a healthy market leading in to 2023 created through clear communication channels, disciplined underwriting, well prepared clients, enhanced broker options and a consistent step change to the rating environment across the primary and retro markets.
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As the dust settles on a hectic 1/1 renewal season, the Bermuda market is catching its breath and looking forward to 2023. On a trip to Bermuda earlier this month, a number of senior leaders told Insider Engage that the renewals were chaotic and underwriters were very busy the week between Christmas and New Year’s, as rates, terms and conditions hardened dramatically.