From the impact of the UK Financial Conduct Authority business interruption test case, and other BI cases around the world, to the ongoing hardening market, 2020 is expected to leave quite a legacy for 2021. Industry leaders share their hopes, fears and warnings as we head towards the New Year.
As a year that will remain in the collective memory for years to come, Intelligent Insurer asked re/insurance industry leaders to tell us what the main developments have been for the industry in the past 12 months and how they think this will affect 2021. From the crucial role of technology to the ongoing fallout from the UK FCA’s business interruption test case, our interviewees had plenty to say about this unprecedented year, and what they hope to see in the year ahead.
Christian Stobbs, managing director, Asia, Markel International
There has been no greater global peacetime business interruption (BI) than COVID-19. It goes without saying that every business has been affected in some way, says Christian Stobbs, managing director, Asia, Markel International.
Year in review 2020, long shadow, FCA BI test case, business interruption, hardening, Markel, Asia, Lloyds, COVID-19, BLM, insurance, risk, underwriting