Data on how aviation exposure values have shifted during the COVID-19 pandemic have revealed an issue that could trip up unwary insurers as the world begins to ease lockdown. Intelligent Insurer reports.
Doing what you’ve always done can leave you trailing the competition in today’s innovative market. As the pandemic encourages people to be more amenable to change, it's the ideal time to get ahead by embracing augmented underwriting, says Todd Rissel chairman and CEO of insurtech e2Value.
As many countries begin easing lockdown, all eyes are on what comes next. Policymakers hold the key to achieving the best possible recovery after the most severe recession in our lifetime, and they need to step up, says Swiss Re’s chief economist. Intelligent Insurer reports.
Equity raises are increasing as pandemic pressures bite - but the future winners and losers are far from clear
As the pandemic stress test continues, re/insurers are preparing for what comes next, including expectations of a hardening market. This is driving a growing trend for equity raises, with some building war chests and some taking advantage of new opportunities, while others look to protect their credit rating in a fight for survival. Intelligent Insurer reports.
Blockchain has the potential to do more than cut costs and create efficiencies for re/insurers – it can also be used to drive growth and assimilate varied insurtech platforms. And those companies that fail to realise its potential will be left behind.
Difficulty in resolving disputes over pandemic business interruption payouts has led the FCA to bring a group of representative examples in front of the UK High Court to secure an industry-wide resolution. Intelligent Insurer reports.
California Department of Insurance orders demanding that insurers refund policyholders affected by COVID-19 shutdowns may not be as draconian as they first seem. Intelligent Insurer investigates.
Insurers are at a crossroads as AI drives industry evolution. Richard Hartley, CEO of insurtech Cytora, outlines the areas to watch as things progress.
Considering new ideas and products may not always seem like a priority in times of crisis, but, says Fernando Villar COO EMEA at Swiss Re, this is precisely the time when innovation and partnerships can make a real difference.
From its inception, cyber underwriting has faced difficult challenges including a limited amount of historical data. Now, partly driven by the global pandemic, an increase in cyber threat levels and demand for protection could represent a prime opportunity for a rethink. Jack Kudale, Cowbell Cyber founder and CEO, highlights key things to consider in such a change.