Infrastructure
Storm Éowyn losses pegged at ‘moderate’ £520m
Perils has this morning (10 March) disclosed its initial industry loss estimate for Storm Éowyn, which affected the Republic of Ireland, Northern Ireland and the Central Belt of Scotland from 24 to 25 January.
Q&A: Jonathan Jackson, Previsico
Jonathan Jackson, CEO of Previsico, discusses practical uses of the firm's flood risk forecasting service and its primary areas of growth over the coming year.
Government releases AI security code
The UK government has released an artificial intelligence cyber security code of practice aimed at helping organisations secure their AI systems.
Cyber insurers face increased loss ratios
As ransomware perpetrators are now targeting larger organisations in search of higher ransom demands, cyber insurers face a a greater hit to their credit ratings, Moody’s has warned.
Percayso’s quote platform; Lloyd’s milestone; Brokerslink’s president
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Environmental Audit Committee launches flood resilience inquiry
The Environmental Audit Select Committee has launched an inquiry to identify how to boost England’s flood resilience.
Sabre to launch motorcycle brand in Q1 2025
Sabre has confirmed in a market statement that it intends to launch an online-only motorcycle insurance brand in Q1 2025.
Why the NHS needs cyber insurers’ help
Tom Draper, head of insurance, UK, at Coalition, explains how the NHS is vulnerable to cyber attacks and explains ways insurers can come to the rescue of the nation's healthcare provider.
McLarens warns cash-strapped councils against self-insuring social housing
As the crisis in social housing continues, Gordon Winstanley, public sector lead at McLarens, observes local authorities are looking to reduce their insurance spend but he warns this is not without risks.
Storm Bert shows insurers must demand building rules change
Editor’s View: If you want to know why people recoil, rather than embrace you, when you say you work in insurance, Emma Ann Hughes recommends you type into Google: ‘What does the insurance industry need to do about the growing number of named storms?’
Lloyd's Neal calls CrowdStrike 'warning shot' to insurers
John Neal, CEO of Lloyd’s of London, has described the CrowdStrike outage as a “warning shot” for insurers on the importance of cyber resilience.
Diary of an Insurer: MS Amlin's Kate Bandhu
Kate Bandhu, head of casualty claims at MS Amlin, stays connected with accounts, looks to expand the use of robots to new areas, and finds the best interactions are face-to-face.
Insurance CEOs most confident of net zero ability
Insurance CEOs were the most confident about meeting net zero targets by 2030 among the sectors surveyed by KMPG in its 2024 outlook.
Aviva’s Rokstone partnership; EXL’s language model; Aon’s broking promotion
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Top 100 UK Insurers 2024: Axa
Axa grabs the eight spot on Insurance Post’s Top 100 UK Insurers 2024 list.
Unexpected insurance fallout of the prison crisis
Andrew Steel, partner and police defence lawyer at national law firm Weightmans, and member of the Forum of Insurance Lawyers’ Public Sector & Blue Light Sector Focus Team, explores the insurance implications of Operation Early Dawn amid the UK’s prison…
Lessons to learn from the CrowdStrike outage
Laura Miller examines how the CrowdStrike outage impacted various insurances, including property, business interruption, professional liability, D&O and product liability insurances.
Kingfisher’s commercial acquisition; RSA’s D&O product; Zurich’s head of SME
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Only 3% of underwriters reckon pricing tech is perfect
A staggering 97% of UK actuaries and underwriters see room for improvement in the pricing technology they use, according to research from hyperexponential.
Esure makes ‘sizeable’ savings from gen AI applications
Esure has said it could potentially save up to 8% on its frontline operations, and claims resource costs through generative artificial intelligence use.
GoCompare’s partnership; Axa’s claims service; Davies’ chief AI officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.