Insurance Day delivers in-depth coverage, analysis and expert insight into the topics and trends across the major insurance markets. Professionals across the globe rely on our comprehensive view to keep them well informed of the most important developments and changes affecting the industry. We are part of Lloyd’s List Intelligence, the industry experts delivering actionable maritime insight, data, and analytics trusted by 60,000 professionals to drive commercial advantage, evaluate risk, and support the efficient, and lawful movement of seaborne trade.
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CILA President Steven Wallace and Executive Director John Bissell were interviewed by Rasaad Jamie of Insurance Day on 'Loss adjusters must be proactive in addressing the insurance sector's challenges'. Read more below: https://lnkd.in/eykXFDwP #lossadjusting #claims #claimsmanagement #insurance #future
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Serial defects in renewable energy projects, particularly offshore wind farms, remain a significant risk for insurers, as the rising demand for clean energy drives larger turbine capacity and rapid technological advancements. Writing in Insurance Day, Patrick Foss, Jonathan Embling and Virginia Zarin discuss the emerging risks for insurers arising from serial defect losses in offshore wind projects. Read the article: https://lnkd.in/eQSH85Hu #serialdefectlosses #offshorewindprojects #insurance
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In a recent article published by Insurance Day, Duncan Pease, Head of International Cyber Claims at AXIS (AXIS Capital), and Tony Kriesel, Head of Professional Lines and Specialty Claims at IQUW, chair and deputy chair of the LMA’s Cyber Claims Group, discuss how cyber insurance extends beyond risk transfer to include broader risk advisory expertise and value-added services throughout the risk lifecycle. “A key component of the cyber insurance value proposition lies in the claims experience and data insurers can provide. Most critically, these insights help insurers to raise the standards within the cyber industry.” Read the full article: https://lnkd.in/eh3RRmMW. #LMA #CyberInsurance #CyberClaims #IndustryInsights
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In a recent interview with Insurance Day, Head of AmTrust International, Peter Dewey, says the division will continue focusing on intensive growth in its existing underwriting portfolio. Access the full interview ➡️ https://bit.ly/4bxa8rV
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Elizabeth Jenkin, Underwriting Director at the Lloyd’s Market Association, highlights the potential of the newly introduced transition risk code, designed to support syndicates in covering novel green technologies. Speaking to Insurance Day, Elizabeth explains that as the global renewables market continues to grow, with investments reaching US$1.8 trillion in 2023, this initiative signals a significant move towards embracing the future of green tech insurance. This innovative step allows syndicates to explore transition risks without affecting their near-time overall performance metrics, fostering a more sustainable approach to underwriting. Read more about this transformative development: https://lnkd.in/eajKCcRV
Join our colleagues at Lloyd's List for their next Geopolitical Risk webinar later today! The team will be presenting alongside experts from security and defence intelligence company Janes. For more information, see below ⬇ https://lnkd.in/eCdwmWzC
We are delighted to announce that our Features Editor Louise Isted has been named Insurance & Risk Profile Interviewer of the Year at the WTW (formerly Liazon) Media Awards! The articles that won the Louise the prize were interviews with Stephen Catlin, executive chair of Convex Insurance, and also SiriusPoint chief executive Scott Egan. You can read both articles here free to view: https://lnkd.in/edDmgWNF https://lnkd.in/eeHaRzhY For more information on the awards and other winners, see below ⬇ https://lnkd.in/eH2Wr3Yr
The cutover to phase one of Blueprint Two has been delayed a second time, with testing running weeks behind schedule. The decision has been supported by both the Council of Lloyd’s and the Lloyd’s Market Association, amid concerns testing delays meant it was “no longer safe” to attempt cutover in October. Velonetic, which is building the technology, said testing was running around eight weeks late but did not provide a timeline for when the new cutover date would be set. https://lnkd.in/gD__KUBw
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Following the hottest year on record and the shifting conversation from reversing global warming to adjusting to it, Insurance Day published a detailed report on climate adaptation and resilience for re/insurers. The report features an interview with ICEYE's Stephen Lathrope and Rupert Bidwell, who share how our natural catastrophe insights enable ICEYE customers to help communities deal with the impacts of #ClimateChange. Find the full interview on pages 42-44 at https://hubs.li/Q02CpWx20.
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Advancements in technology coupled with rising commercial opportunities have reinforced the need to update the laws and regulations governing “beyond visual line of sight” (BVLOS) drone use in the UK. Writing in Insurance Day, senior corporate affairs lawyer Joanna Manthorpe and associate Lewis McAuley-Jones detail Kennedys’ responses to the CAA and Law Commission consultations, including the need to consider insurance data sharing now, and not a later date. Access the full article here: https://lnkd.in/en6u9XKE You can also read the article on Insurance Day: https://lnkd.in/ewh7_Rk8 #DroneRegulation #Drones