Articles
Insurance
Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR. 12 September 2018
Insurance
Lloyd’s syndicates have just weeks to submit a business plan mapping a route to profits, and those that fail will be closed, Jon Hancock, performance management director of Lloyd’s, confirmed to Monte Carlo Today. 12 September 2018
Insurance
The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today. 12 September 2018
Insurance
The majority of re/insurance professionals believe that the Lloyd’s profitability review will have some impact on the wider market, whether that be through the hardening of some lines or triggering more discipline, or even weakening Lloyd’s overall influence. 12 September 2018
Insurance
The use of blockchain is already having a very positive effect on many parts of the industry, but cryptocurrencies must stabilise and solve challenges around privacy before they can play any meaningful role, David Edwards, CEO of ChainThat, told Monte Carlo Today. 12 September 2018
Insurance
Buyers are seeking hard answers and assurances from carriers in relation to any potential fallout from the UK’s departure from the EU, Steve Hearn, group chief executive officer of broker Ed, told Monte Carlo Today. 12 September 2018
Insurance
It’s very easy for the market to be critical of Lloyd’s, which undoubtedly has cost challenges, but a mixture of new technologies, capital-efficient portfolios and a more bullish attitude towards pricing can help syndicates adapt. 12 September 2018
Insurance
Against an industry backdrop of slim underwriting profitability, slim investment returns and a stymied ability to release reserves, all of which are true for Lloyd’s syndicates at the moment, carriers must look more closely at how they access capital—and how they work their own capital, Eric Paire, head of Capital Advisory at Aon Benfield, told Monte Carlo Today. 12 September 2018
Insurance
Automation in the commercial insurance space has taken longer to evolve than in personal lines because the data is less homogenous, but the pace is now accelerating and technology is set to transform the job of underwriters, as Intelligent Insurer finds out. 11 September 2018
Insurance
AXIS Re plans to fundamentally change its offering by becoming more client-focused, offering bespoke, structured, reinsurance deals and expanding its footprint in Asia. By doing this, and making other changes, it is targeting becoming a top 10 reinsurer, Steve Arora, chief executive of AXIS Re, told Monte Carlo Today. 11 September 2018
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