The high cost of low-quality reinsurance dataSupercede’s Jerad Leigh highlights how bad data can lead to higher costs and lower trust.
GenAI and the Intelligent Risk Platform – Accelerating insights for risk decision-makersMoody’s RMS’ Moe Khosravy on the role of generative AI in enhancing risk insights.
The GenAI revolution in insurance – how carriers can deploy widely based on strong governanceEY’s Anita Sun-Young Bong, Ed Majkowski and Phil Vermeulen examine the impact of GenAI on the (re)insurance sector.
Reflecting a changing marketA modernised reinsurance industry requires a streamlined approach that isn’t hampered by manual processes. Howden Tiger’s George Harris Hughes and Michelle To explain how the firm’s in-house REflect solution is transforming how long-tail reinsurance is procured in the casualty market.
Unleashing growth by modernising an age-old industryEY’s Simon Burtwell and Sophia Yen on steps the industry can take to unleash growth.
Apollo unveils smart follow collaboration with Artificial LabsLloyd’s insurer Apollo has launched a smart follow collaboration with algorithmic underwriting insurtech Artificial Labs in a move it said would provide consistent and reliable capacity to London market brokers.
PPL deploys upgrade to Next Gen platformPlacing Platform Limited has deployed, on schedule, its first major upgrade since Next Gen was launched in March in a move which will hand users over 100 functional changes.
Climate disasters are leaving insurers at a lossIzik Lavy, CEO of GeoX, explores the potential of aerial imagery, AI and machine learning in securing the future of the insurance industry amid the compounding effects of climate change.
Largest 10 global brokers all live on PPL Next GenPlacing Platform Limited has revealed that the industry’s top 10 largest brokers are now live on its Next Gen platform.
Marsh extends Whitespace pilot to include more classesGlobal broking giant Marsh has agreed to increase its use of the Verisk-owned Whitespace platform by extending an existing pilot to include new lines of business, in a move which may see more placements moved away from the market-owned utility PPL, The Insurer can reveal.
DXC yet to disclose Lloyd’s transformation project break optionNYSE-listed DXC Technology is yet to formally disclose the existence of a ~$100mn break fee agreed with Lloyd’s which allows the London market to exit its evergreen exclusivity deal with the outsourcing firm once its ongoing modernisation initiative has concluded, The Insurer understands.
PPL: Number of risks bound on Next Gen doubles in last week of JunePlacing Platform Limited saw the number of risks bound on its Next Gen platform double in the last week of June as the e-trading platform experienced an accelerating trend in both uptake and usage.
Hearn to succeed Masojada as PPL chairFormer Inver Re CEO Steve Hearn is to succeed the long-serving Bronek Masojada as chair of the London market’s e-placement platform, Placing Platform Limited.
Accelerant unveils Risk Exchange to connect underwriters with capacityAccelerant has unveiled a new platform which connects specialty underwriters with a hand-selected panel of capacity providers while also offering other capabilities including access to a wide range of risk capital, data-driven underwriting and portfolio management.
TVAon’s Zakhary: Industry must seize “immeasurable opportunity” from energy transitionInsuring the transition presents an immeasurable premium and revenue opportunity for the sector, according to Sherif Zakhary, CEO of Aon's Strategy and Technology Group (STG).
Shared mobility could present $90bn GWP opportunity for insurers: AonA new report from broker Aon has highlighted 10 transformative trends that are reshaping the global risk landscape and in turn offering the opportunity to generate billions of dollars in additional premiums for proactive insurers.
IAG’s VC arm enters joint venture to scale climatetech start-upsIAG Firemark Ventures, the corporate venture capital arm of Insurance Australia Group, has partnered with Jerusalem Venture Partners and Margalit Startup City to develop climate technologies for climate change risk assessments.
Aon launches mid-market panel for up to $50mn in umbrella limits for tech clientsAon’s US middle market practice group has launched a new multi-carrier-backed panel designed for US technology clients that offers “broad, pre-negotiated terms and conditions” for risks up to $1bn in total insured value and up to $50mn in umbrella limits, The Insurer can reveal.
Climate change reversal technologies pose eco and geopolitical risks: Swiss ReTechnologies aimed at reversing the impact of climate change may in fact produce their own environmental risks as well as potentially fuelling societal tensions, Swiss Re has warned.
Swiss Re: AI technologies and digital systems could give rise to PL and E&O claimsThe growing use and capabilities of machine learning systems present new systemic vulnerabilities which could lead to increased loss accumulations and rising professional indemnity and E&O claims, according to Swiss Re.