Category Archives: Global insurance trends
Aspirin effect equivalent to eradicating smoking says RMS
Financial modelling experts have confirmed the potential impact of daily Aspirin doses on life expectancy and said UK pension liabilities could rise by £100bn. Recent medical reports have confirmed the … Continue reading
Insurers’ hands increasingly tied says EIU research
By Ralph Savage Ongoing macroeconomic uncertainty, proposed tough new regulatory regimes and risk of contagion are the biggest long-term challenges facing insurers around the world, according to a new report … Continue reading
2012 Cat losses to reach $125bn says Swiss Re
Total insured losses from natural catastrophes and man-made disasters will reach approximately US$125 billion in 2012, according to Swiss Re’s latest preliminary estimates. The reinsurance giant reported today that natural … Continue reading
Commercial risks leaning towards liability and growth markets
Commercial insurance is a $600 bn business globally, the US accounts for 40% of it Liability insurance is gaining importance compared to property insurance in the rapidly changing mature economies … Continue reading
JLT warns investors over Jordan/Syria axis
King Abdullah of Jordan is entering a critical period for his regime, claims Elizabeth Stephens, Head of Credit and Political Risk Analysis for global insurance broker JLT. The conflict between … Continue reading
Major risks threaten frontline services says Zurich report
The future of many hospitals, local authorities and charities is at stake as the UK faces an increase in major incidents, warns a new report out today. The Risk and … Continue reading
Groupama UK keeps distance from S&P downgrade
Following the decision today by Standard & Poor’s to downgrade the security rating of Groupama Group, François-Xavier Boisseau, CEO at Groupama Insurances in the UK said: “Although as a Groupama … Continue reading
Majority of insurers planning Solvency II shift
Insurers are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements, according to a report out today. Conducted by the Economist Intelligence Unit, … Continue reading
Father of the Web warns insurers against data profligacy
Sir Tim Berners-Lee has urged insurers to avoid the temptation of using increasing amounts of publicly available data about consumers on the web to price their products.
The inventor of the World Wide Web made a plea to the industry at the British Insurance Brokers’s Association conference in Manchester yesterday, requesting that information we share about ourselves on line – particularly by young people through social networks – should not be gathered for the purposes of pricing risk.
