Analysis – Page 4
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Analysis
Airmic 2021: How captives are changing the conversation for insurance buyers
Post-Brexit the UK government is looking for areas where the insurance market can “demonstrate economic success”, as well as understanding what is needed to make this happen, according to Owen Williams, global programme and captive regional director for the UK and Nordics at AXA XL.
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Analysis
Airmic 2021: The harsh market with a focus on cyber
Airmic announces the release of its latest Pulse Survey on insurance market conditions, this time with a focus on cyber risk insurance from a buyer’s perspective.
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Analysis
Captive growth surges, led by PCCs
Marsh helped clients form over 100 captives of all types around the world in 2020, almost double the usual formation rate
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Analysis
The ART of renewals
Alternative risk transfer and parametric solutions can offer more than just relief from a hard market
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Analysis
Flood exposures up by 24% since 2000
Population at risk of extreme flood is ten times higher than previously thought, finds WRN partner Cloud to Street
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McLarens taps Broadspire in TPA expansion
Reporting into global head of TPA, Kirsten Early, the six-strong team will support the development of McLarens’ TPA capabilities
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European floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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Wildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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Is the ‘harsh market’ starting to ease?
At mid-year, pricing for most classes of business was back to technical levels - but cyber remains an outlier
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Wegener: “Cooperation is essential. Resilience is critical”
Dirk Wegener has another two-year mandate as president of the Federation of European Risk Management Associations
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Analysis
IoT used in vaccine insurance solution
Insurance industry initiative offers supply chain protection, using temperature sensors, for COVID-19 vaccine shipments
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Asset-light economy presents new, disruptive risks
Corporations are holding more risk on their balance sheets as the value of intangible assets and potential for systemic risk grows
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Analysis
Airmic names Julia Graham CEO
Julia Graham, currently Airmic deputy CEO and technical director, succeeds John Ludlow as chief executive
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GVNW renewal survey shows “loss of trust”
Two thirds of German insurance buyers are actively seeking alternative risk transfer solutions, such as captive insurance and parametric covers
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Analysis
WTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure & hospitality, manufacturing, retail and transportation sectors
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Captive formation picks up in Guernsey
The jurisdication expects to see a “significant rise” in 2021 against the backdrop of a hardening commercial insurance market
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Lloyd’s launches systemic risk initiative
The COVID-19 pandemic has highlighted gaps in the knowledge, understanding, and mitigation of systemic and black swan risks
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Hard market drives captive usage
Airmic urges insurers and brokers to place a stronger emphasis on claims capabilities at renewals
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Analysis
Amrae: Time for insurers to rebuild trust
Ahead of Amrae’s virtual conference on 3 and 4 February, StrategicRISK spoke to the French risk association’s president Oliver Wild
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Analysis
Storm Christoph claim settled within ten hours
FloodFlash uses parametric cover to provide pay-outs to policyholders, using IoT sensors to monitor flood levels