Verisk’s Shavel: AI making it easier to calculate casualty exposuresWith deteriorating conditions in the casualty market dominating discussions at this year’s Rendez-Vous, Verisk CEO Lee Shavel has flagged AI as a powerful tool for (re)insurers to better calculate their exposures.
There are advantages to operating in Lloyd’s, particularly the licences. It is undeniable that these are attractive and would open new possibilities for the groupConvex CEO Paul Brand says the group is weighing up a 2025 Lloyd’s entry
Moody’s Brookes: Improved cyber and secondary perils data creating ILS opportunities TVImproved data and analytics around cyber incidents and secondary perils will spur continued growth in the ILS market, according to Ben Brookes, managing director, consulting services, insurance solutions at Moody’s.
TV News in FocusWSIAAxa XL’s Lee: Carriers remain cautious on E&S property despite profitable 2023Axa XL’s E&S property head Christoper Lee has said market conditions are beginning to stabilise following improved profitability in 2023, although concerns over evolving secondary perils and elevated cat activity mean insurers continue to approach the segment with caution.Fri 8 Mar 2024
TV News in FocusProperty catastropheRT’s Brenda Austenfeld: Fatigue rising among US property buyersBuyer fatigue is rising among US insureds as they become increasingly exasperated with continued rate hikes and coverage restrictions.Tue 5 Mar 2024
TV Close QuarterWildfiresICEYE’s Lathrope: Satellite imaging “revolutionising” industry response amid devastating 2023 wildfiresIn a year characterised by frequent and severe natural disasters, 2023 has seen an unprecedented integration of satellite imaging capabilities into the disaster response mechanisms of insurers.Tue 19 Dec 2023
TV News in FocusClimateNSF’s Ransom urges industry to join US agency-led initiative to improve climate modelsAll insurance-related companies are encouraged to take part in a forthcoming US federal initiative designed to improve climate and catastrophe models, according to National Science Foundation program director Dr Barbara Ransom.Fri 17 Nov 2023
Closing the protection gap: Paula Jarzabkowski and Julian Enoizi on the need for a collaborative approach