Natural catastrophes (Nat Cats)
Q&A: Daniel Grimwood-Bird, McKenzie Intelligence Services
Daniel Grimwood-Bird, head of sales and marketing at McKenzie Intelligence Services, shares how the provider of geospatial data and analytics plans to insurance industry plans to make it big in the UK and US.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
60 Seconds With... Woodgate & Clark’s Glyn Brookes-Humphrey
Glyn Brookes-Humphrey, director of regional operations at Woodgate & Clark, reveals he would love to be a hunchback lawyer in Tudor times and why he doesn’t take anything or anyone for granted.
Red Cross pleads insurers to back humanitarian insurance approach
During its London Summit, The International Federation of Red Cross and Red Crescent Societies has appealed for more insurers to support its insurance mechanism, as funding for humanitarian needs reaches an all time high.
Travelers Europe’s CEO on the current complexity facing insurers
View from the top: Matthew Wilson, CEO of Travelers Europe, says one of the key issues facing insurers today is the multitude of challenges they are juggling simultaneously.
Climate change not primarily responsible for rising nat cat claims at Lloyd’s
Climate change will “amplify” other factors that increase natural catastrophe claims but are not the main driver of the upward trend observed in recent years, according to Lloyd’s.
Reinsurers’ share of nat cat losses shrinks as profits rise
The proportion of total industry natural catastrophe losses taken by reinsurers has fallen in recent years, with primary insurers retaining more risk.
Hurricane victims’ claims to be sped up with 360-degree imagery
McKenzie Intelligence Services has piloted CAT360 to boost insurers’ responses to US hurricane losses and speed up claims by providing ground-level imagery.
Q&A: Gary Brown, McLarens
Gary Brown, CEO of McLarens, speaks to Insurance Post about the loss adjuster's growth, global claims trends and preparing for catastrophic events.
Trade Voice: Airmic on managing the climate risks of tomorrow
Julia Graham, Airmic CEO, argues the events of last month demonstrate the important of tackling climate risks in both the near and far term.
Lloyd's approves California wildfire syndicate
Lloyd’s has approved the creation of a syndicate dedicated to underwriting wildfire-exposed commercial risks in California.
ABI calls on insurers to save ‘shocking decline’ in nature loss
The Association of British Insurers has launched guidance to help the industry become “nature positive”.
Diary of an Insurer: K2 International’s Zach Cohen
Zach Cohen, catastrophe modeller at K2 International, troubleshoots code, deals with muddy paw prints and helps underwriters grasp the implications of earthquakes.
Diary of a Insurer: Aon’s Bethany Jackson
Bethany Jackson, associate director of Aon, begins her working week with jet lag, meets with underwriters online and at Lloyds, and explores ways to foster and promote innovation.
Nat cat ‘new normal’ leads to emergence of globetrotting catastrophe adjusters
A “new normal” with regard to natural catastrophes has led to the rise of a globetrotting type of loss adjuster that is able to move from the aftermath of one event after another, according to McLarens.
How natural catastrophes and inflation are creating a perform storm for insurance
Data analysis: Increasing natural catastrophe losses and shortfalls in industry estimates point to the need for the insurance sector to better understand the risk factors at play today, according to the latest Swiss Re Institute report.
Big freeze pushes RSA's personal lines to Q4 underwriting loss
Adverse weather drove RSA’s personal lines business to an underwriting loss in 2022, with freezing winter temperatures and dry summer conditions pushing its full-year combined ratio to 106.2%.
View from the top: Aviva's Winslow on how to ensure that the construction of safe and low-carbon buildings continues
Adam Winslow, CEO of UK & Ireland GI at Aviva, reveals the steps insurers will need to take to insure low-carbon building construction, and why more than a move from concrete to sustainable timber will be required.
Reinsurers reveal key takeaways from 'challenging' renewals
Reinsurers have reported that renewals went down to the wire on 1 January, as rapid changes in economic conditions resulted in tense and late, but largely completed, insurance deals.
Lloyd's syndicates may need to revise plans as they grapple with unprecedented circumstances, says Tiernan
Many Lloyd’s syndicates may need to resubmit their business plans for 2023 in the New Year as they grapple with a set of market circumstances that are “without recent precedent”, Lloyd’s chief of markets Patrick Tiernan has said.
Airmic tips parametrics for key role as members label traditional policies' nat cat coverage inadequate
Over three quarters of corporate insurance buyers think that traditional property damage and business interruption policies do not adequately cover natural perils, according to a survey by Airmic.