Delegates attending a recent Insurance Times and ICEYE roundtable explained that the increased frequency of storms was stretching the industry’s resources to the limit
’Our message is that we deal with brokers the way they want – we’re not going to force anybody to take an optimised trading route irrespective of premium size,’ says chief executive for UK regions
Industry must improve its communication with customers to mitigate flood of FOS complaints
Industry needs to ’adopt new technologies to future forecast’ because developing climate change risks are ’harder to insure as you can’t rely on historical data’, says senior manager
Rating agency AM Best has raised its outlook on the London market insurance sector from stable to positive in what has been seen as another endorsement for EC3 and while there is much to support optimism, the nature of the market means that challenges remain
’There’s now far too many technical risks that are now going through an eTrade model,’ says technical director
’There is no doubt that climate change increases volatility, frequency and also severity,’ says senior director of product management
Insurance Times asks industry experts what impact parametric policies can have on climate-based claims processes
Although data science has been a huge help to the insurance industry, it brings its own risks too and insurers must ‘understand the risks rather than go in blindly’, according to data science lead
Experts at March’s Fraud Charter event discussed the appropriate response to the shifting profiles of those carrying out fraud
With natural catastrophes affecting all worldwide jurisdictions in some way, shape or form, reinsurer emphasises that steps must be taken now to implement change and reduce insured losses
Broking M&A is focusing on the extremities of the UKGI marketplace, with smaller firms being eyed up and the ‘consolidation of the consolidators’ potentially on the cards too, says co-founder