In tandem with other covers, cyber insurance provides the best cybersecurity shield, says James Graham of Travelers Europe.
Worst-case scenario fails to materialise, but challenges remain for EC3.
The re/insurance industry has a real opportunity to drive a positive shift around global warming change via ESG strategies, says CCR Group’s Sébastien Jallet.
A balanced and proportional regulatory framework for new and evolving technologies is vital to enable its widespread use, according to the authors of a report by the International Underwriting Association.
There were sober and disciplined renewals in Asia-Pacific despite chaotic world events. After continually fighting fires since the COVID-19 pandemic hit, however, the key question may be how the market will respond to a period of calm.
Renewals in the region were disciplined and perhaps even dull, but the diversity of the countries and differing lines means that drama is never far away. Capacity, as ever, is key, says an Intelligent Insurer panel.
The cyber insurance market remains one of the fastest-growing lines of business for carriers—and it remains set to become as large as the P&C sector.
From checking on crew and shipping assets trapped by conflict, to tracking superyachts owned by sanctioned Russians, the possibilities of space insurtech for re/insurers are huge, says Skytek’s CEO.
With sustainable investment well ahead of ESG integration elsewhere in the re/insurance industry, the sector badly needs someone to take the lead. It won’t be down to regulation alone, an Intelligent Insurer panel heard.
The re/insurance industry is often accused of lagging when it comes to embracing ESG issues, but there are good reasons for its caution, around investments and underwriting.