Dedicated to following the biggest stories hitting our headlines or industry topics which need to be explored further with key stakeholders
In the second instalment of our 2024 year in review series, we explore natural catastrophe losses with Scott Vincent, the growing role of parametric insurance in addressing coverage gaps with Henry Gale, and the insurance industry’s efforts to facilitate the transition to a net-zero economy with Rebecca Delaney.
December 27, 2024
The insurance market may not be fully accounting for the potential impact of Donald Trump’s return to the presidency on strikes, riots and civil commotion (SRCC) exposures, according to Babak Tavassolie, head analyst for political and credit risk at Scor.
The renewable energy market is suffering from a shortage of “credible” lead capacity due to a lack of experienced underwriters and inadequate modelling, according to Julian Richardson, CUO of green solutions at Munich Re Specialty.
Juniper, the trailblazing insurtech start-up co-founded by Ambra Zhang, is setting out to revolutionise reproductive healthcare with its innovative approach to health insurance.
Canada's natural catastrophe loss bill is projected to exceed C$8bn ($5.7bn) this year, driving adjustments in pricing, attachment points and deductibles, according to Jolee Crosby, CEO of Swiss Re Canada.
The London insurance market is abuzz following the launch of a trio of UK government consultations, with the moves heralded as a significant step forward for the industry.
The renewable energy market is suffering from a shortage of “credible” lead capacity due to a lack of experienced underwriters and inadequate modelling, according to Julian Richardson, CUO of green solutions at Munich Re Specialty.
Juniper, the trailblazing insurtech start-up co-founded by Ambra Zhang, is setting out to revolutionise reproductive healthcare with its innovative approach to health insurance.
Canada's natural catastrophe loss bill is projected to exceed C$8bn ($5.7bn) this year, driving adjustments in pricing, attachment points and deductibles, according to Jolee Crosby, CEO of Swiss Re Canada.
Dellwood Insurance Group’s founding CEO Michael Price has said that the success of the start-up will be driven by matching the “expertise and speed” of wholesale trading partners, adding that current P&C market conditions have a “multi-year runway”.
There is no expectation of a widespread shift in business away from the E&S market, with the sector’s freedom of rate and form allowing it to address challenging issues on the admitted side, according to Westfield Specialty’s founding president Jack Kuhn.
Moves by carriers to establish dedicated wholesale operations and a commitment to dual distribution has led to continued growth in submission counts, despite stabilising market conditions, according to Amwins brokerage co-presidents Jeff McNatt and Sam Baig.
Cyber pricing is being driven down by less disciplined market entrants taking a generalist approach to the segment, according to Westfield Specialty’s Jeff Kulikowski, who added that the insurer is willing to walk away from unprofitable business.
The level of threat activity has remained “reasonably consistent” in 2024, according to Coalition’s Chris Hendricks, who said it was “shocking” that threat actors are still finding success with attack methods that aren’t new.
Crawford & Company is targeting loss adjusting personnel with a very specific skillset as the role has experienced a “rapid evolution”, the firm’s CEO for international operations has told The Insurer TV.
David Vigier, chief commercial officer and head of captives strategy at HDI, told The Insurer TV that France’s regulatory overhaul in 2023, that led to it becoming a captive-friendly domicile, took years of lobbying from the risk management community.
California insurance commissioner Ricardo Lara’s recent moratorium on non-renewals is further tightening the state’s already-strained property insurance market, according to Michael Ray, CEO at Lloyd’s capacity-backed MGA Wildfire Defense Insurance Services.
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.
CFC’s head of innovation George Beattie has described the company’s carbon credit insurance strategy as a “deep bet” on the carbon market’s future shift from voluntary participation to mandatory government schemes.
An influx of capital to meet the growing demand for cyber coverage in Europe is expected to keep rates stable, according to Ralph Brand, president of Continental Europe Commercial P&C Insurance at Sompo.
The unofficial theme of this year’s insurance conference season has been the ongoing crisis in the US casualty market.
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).
Events like the recent Valencia floods are expected to become more frequent in Europe due to the warming of the Mediterranean, according to Anke Sielker, head of the reinsurance practice and head of insurance for EMEA at ICEYE.
Industry body the Council of Insurance Agents & Brokers (CIAB) has predicted that the president-elect’s proposed tariffs are unlikely to have a direct impact on the insurance industry, while the potential effects of his proposed tax cuts will largely depend on the final balance of the House of Representatives.
MS Amlin is expanding its general liability offerings for SMEs through delegated markets as it seeks to avoid the effects of social inflation on the casualty sector, according to the carrier’s chief underwriting officer Martin Burke.
