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  • Pandemic had profound impact on underwriting

    Global challenges, such as technological advances, climate change and COVID-19, have had a profound impact on the way insurance underwriters write risks according to the Society of Underwriting Professionals of Chartered Insurance Institute of UK.

    AIRPlus | 25 Jan 2022
  • Global: "Co-opetition" to become a major strategy for insurers as they converge with other sectors

    "Co-opetition" (i.e., competing and collaborating at the same time) will become a mainstay of insurers' strategies as they build ecosystems and deal with convergence with other sectors, says global professional services firm EY.

    Asia | 25 Jan 2022
  • Reinsurance: Outlook for reinsurers brightens on higher premium rates

    Bermuda (re)insurers should return to underwriting profitability in 2021, as combined ratio improvement and continued premium rate increases more than offset increased catastrophic losses, Fitch Ratings says.

    Asia | 24 Jan 2022
  • Instant online asset valuation service for insurance launched

    John Foord, the insurance-focused global asset valuation specialist, has launched a cloud-based platform providing insurers and reinsurers, in addition to asset owners and financiers with instant, highly accurate and real-time reinstatement and valuation costs for commercial and industrial fixed assets.

    AIRPlus | 20 Jan 2022
  • UK parliament launches inquiry into regulation of London insurance market

    The Industry and Regulators Committee of the House of Lords has launched an inquiry into the regulation of the London market - the UK's commercial insurance and reinsurance market.

    AIRPlus | 20 Jan 2022
  • Claims professionals say talent is vital to raise trust

    The Society of Claims Professionals of Chartered Insurance Institute has outlined its plans to assist its members both individually and collectively to get used to the new normal of working in 2022.

    AIRPlus | 20 Jan 2022
  • Reinsurance: Jan 2022 renewals mixed on price changes

    The reinsurance market showed mixed results at the January 2022 renewals as only loss-affected lines of business, such as property catastrophe, cyber or retrocession, continued to see significant price increases, Fitch Ratings says in a new report.

    Asia | 20 Jan 2022
  • Cyber security budgets could increase by 50% in 2022

    Cyber security budgets of US organisations could increase by as much as 50% in the next 12 months according to nine out of 10 respondents participating in a survey by cyber security firm Kaspersky.

    Asia Risk | 19 Jan 2022
  • Secondary perils take an increasingly larger share of CAT losses

    Secondary peril events are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to a new AM Best commentary.

    Asia Risk | 19 Jan 2022
  • Rainy days harm the economy

    Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).

    Asia Risk | 19 Jan 2022

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