Risks associated with AI currently face a coverage gap, Armilla AI CEO Karthik Ramakrishnan told The Insurer TV on the sidelines of this year's Ferma Forum.
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Risk managers are having to continuously adapt their insurance strategies as complexities within the risk transfer market grow, according to the chief executive of the Federation of European Risk Management Associations (Ferma).
Retentions and reinsurance pricing are among the key focus areas for Asia Pacific (APAC) cedants ahead of the January renewal season, Guy Carpenter’s CEO for the region has said.
Serene Davis, global head of cyber at QBE Insurance, and Gamze Konyar, head of cyber and SVP at Marsh Europe, told The Insurer TV they expect the softening in the European cyber market to decelerate in 2025 and for dynamics to align more with the US market.
Corporate insurance buyers across Europe are increasingly turning to parametric solutions as risk managers’ understanding of the type of solutions available continues to grow, according to a panel hosted by
Demand for standalone terrorism cover is rising across Europe amid concerns around contested elections and sub-limits being placed on strikes, riots, and civil commotion (SRCC) exposures in property placements, according to Beazley’s Fred Kleiterp.
Environmental risks such as PFAS and the concern they are causing admitted carriers is driving smaller businesses and their retail brokers to seek coverage in the E&S market through wholesalers, according to Sara Gundersen, EVP and head of E&S casualty at Sompo.
Broker Howden has called on the industry to deliver a “joined up” risk transfer chain to better service the growing needs of clients, and to be braver when addressing the unknown.
As global risks become increasingly complex and costly, more corporate companies are turning to alternative risk transfer solutions to better manage their exposure, CEO for the EMEA region at Swiss Re Corporate Solutions, has told
Cyber insurance market participants must still be wary of the potential impacts of cyberattacks following a series of near misses in recent years, Munich Re’s head of cyber solutions for North America has said.
