David Molony, head of EMEA cyber solutions at Aon, on how the emergence of AI can help address the challenge of underinsurance.
Viewpoint
The Insurer news staff had no role in the production of this content.
This content is created by the brand marketing unit of The Insurer.
While there was abundant supply for cedants at the 1.1 renewals, reinsurers were concerned about the profitability of underlying business, with MGAs and new insurers receiving close scrutiny.
In September 2023, Moody’s announced the launch of its Moody’s RMS Cyber Industry Steering Group alongside founding members Axis Capital, Bitsight, Gallagher Re and Munich Re.
IT infrastructure is the invisible engine that drives our world. From apps on phones to the systems powering hospitals, banks and airlines, we rely on technology to keep businesses running smoothly.
Very early in my career I shadowed a motor fleet underwriter, sitting next to him on the box at Lloyd’s. I learned more about underwriting that day than any other.
Insurance has a reputation problem. While I doubt this is news to anyone, the problem has only grown over the past few years, with major insurers becoming the targets of public protests.
The debate over the potential of digitalisation and AI continued among panellists at an October roundtable hosted by The Insurer and Verisk, as participants called for clarity and even a closer look outside the industry.
Descended from Abyssinian gazelles, the last quadruped with unicorn DNA – the rarest animal of all – is the pushmi-pullyu. The horned, llama-like beasties are very hard to catch, because they have a head at each end and can always see you coming.
When you think about innovation, insurance is not always the first industry that comes to mind. Most people think about innovation in the technology, consumer goods or even entertainment sectors first. But insurance innovation can have a sizeable impact too, and a significant amount of it is driven by program managers.
The insurance industry, and particularly the London market, is in a far stronger position when it comes to attracting fresh talent than it was a decade ago. That’s worth celebrating, writes Wiser Academy managing director and CEO Crescens George.
