Analysis – Page 4
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Analysis
COP26: Risk management “central” to climate mitigation
Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report
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Analysis
Beazley launches Lloyd’s first ESG syndicate
Syndicate 4321 will support those businesses that invest in ESG by offering additional capacity on a multi-line basis
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Analysis
Capacity and cost an issue amid COVID-19 – IUA
Despite this, the IUA’s chairman says capital coming into the commercial insurance market is a ‘healthy sign’
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‘Radical fresh thinking’ needed to tackle protection gaps
The Covid-19 pandemic has shone a - sometimes uncomfortable – spotlight on the insurance industry
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Insurers ‘bullish’ about London’s future post Brexit
Technology and automation are ‘top strategic’ priorities but more complex regulations remain a challenge
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Climate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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Analysis
Insurer M&A dips in 1H 2021 - Clyde & Co
UK leads consolidation activity in Europe and is second most active worldwide behind the US, ahead of Spain and Germany
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Insurers lack ‘meaningful change’ around D&I
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’, explains sister title Insurance Times
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Analysis
COVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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Covid-19 drives losses of £2bn for Lloyd’s
’Financial pressures will continue to affect businesses’ as economies emerge from the pandemic - Insurance DataLab
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US banks vulnerable to systemic cyber attack
Tail events from a systemic cyber risk event caused by a ’single point of failure’ could be “material”, warns Fitch
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Analysis
UK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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Analysis
Aborted Aon WTW deal a “victory for competition”
Insurance buyers stand to benefit from greater choice as regulators lose appetite for monopolistic tie-ups - Brokerslink
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Aon and WTW call off mega merger
Brokers terminate merger agreement following “an impasse” with the US Department of Justice
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Analysis
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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Cyber tops financial services risk register
Cyber attacks, pandemics and over regulation are among the biggest fears for CEOs at banks and insurers - PwC
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Pool Re forms advisory group for systemic risks
12 members have joined the group, planning to act to protect the UK economy as ‘when the next risk comes, we must be ready for it’
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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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Analysis
Prince Charles and global insurers join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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RIMS joins Business Continuity Coalition
The aim is to build a more stable insurance market that will support organizations as they navigate future pandemics