Risk Management
News
Lloyd’s chair says risks posed by space weather presents ‘significant threat’
’If we are to underwrite the risk, we must understand it,’ says chair
News Analysis
Rooftop risks – how is the insurance sector tackling the proliferation of solar panels?
’Solar panels, while a valuable renewable energy source, present a number of risks that homeowners and insurers need to consider,’ says head of product
News Analysis
In Focus: Are brokers at risk of losing market share as embedded insurance grows?
’If distribution is moving from analogue to digital – and the brokers aren’t moving with it – that creates a vacuum,’ says director
News
Biba announces new partnership with Premium Credit
’Premium finance is a vital product which opens access to insurance for many who don’t necessarily have the funds to pay upfront,’ says chief executive
News
Admiral commits to Flood Re’s Build Back Better scheme
’We know how devastating the damage, inconvenience and emotional burden a flood in the home can be,’ says head
IT Interview
Mark Plews: ‘Proactive’ risk management is ‘an increasing part’ of Markel UK’s service for care sector
Insurer is determined ‘to highlight that it is [a] false saving to reduce investment [on] risk management’, says underwriting director
News Analysis
Briefing: Sector must showcase ‘collaboration, certainty and creativity’ to bolster reputation
New Generation Programme report reveals approaches that have boosted or hampered the insurance industry in the past – the sector must make positive strides with these learnings if it is to grow trust with consumers
News Analysis
Briefing: Musk and other tech disruptors have their eyes on insurance
The insurance industry is unpopular but profitable, while also largely reliant on legacy technology
News Analysis
UK government’s housing expansion plans has industry nervous for flood risk impact
Recent storms coupled with the Labour government’s plan to build 1.5 million homes by the next parliament – a target set by prime minister Keir Starmer in October 2023 – gives the insurance industry pause for thought around balancing flood risk management, property insurance and demand for housing
News
CII aims to help insurers build public trust with new report
’Public trust is a vital component of insurance,’ says chief executive
News
Cyber insurance growth brings range of challenges for insurers
’Cyber insurance is unlike other lines, such as household, where insurers would limit the number of insured properties in high-risk areas,’ says senior insurance analyst
News
Cyber MGA inks deal with RSA to launch new London market facility
President says deal ’will help our clients and broker partners build insurance towers efficiently’
News Analysis
Briefing: Continued flood risk brings possible property protection gap to the forefront
A new protection gap between insured and uninsured property losses, driven by flooding in the UK, means it is more important than ever for brokers to be proactive when supporting clients
News Analysis
Briefing: Is underinsurance onus pushed onto policyholders to address?
Strategic planning director says it is policyholders’ ‘responsibility’ to ascertain building valuation information to avoid underinsurance, but is there an implication that brokers are not doing enough here?
News Analysis
Industry deems regulatory focus on operational resilience a ‘sensible move’
The FCA is collaborating with its regulatory peers to introduce new rules around operational resilience, seeking to mitigate ‘intolerable harm’ arising from disruptive events
News
Gallagher reveals 2024 protests impacted more than one in four UK businesses
’It is clear that all kinds of civil unrest in the UK is a problem and is weighing heavily on the minds of business leaders,’ says director
News
Drone MGA secures capacity for new liability product
’As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions,’ says managing director
News Analysis
In Focus: How should UKGI underwrite emerging technologies like VR gaming and advanced robotics?
According to TechUK, more than 400,000 articles about artificial intelligence were published in UK media across 2023 – but how is the insurance sector seeking to underwrite uncharted tech tools such as robotics and virtual reality worlds?
News Analysis
Briefing: Soaring EV sales spark new underwriting concerns over fire risks
Electrified vehicles now represent a 7.7% share of the UK’s used car market, which could impact the severity of lithium-ion battery risks insurers are grappling with
News
Flood Re urges government to invest £1bn annually in flood defences
’We must continue to mitigate the damage caused by flooding to ensure the insurance market has the ability to provide affordable cover to those at risk,’ says director of communications and transition
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