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Underwriters burdened by manual data entry
13 August 2024Hyperexponential's State of Pricing 2024 report surveyed underwriters and pricing actuaries across the UK and US
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CRO Forum adds social fragmentation to 2024 emerging risks radar
09 August 2024Economic trade conflicts and sanctions have also been included as emerging risks to watch
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Guy Carpenter warns of "Kitty Cat" cyber events and predicts $1bn max insured loss from CrowdStrike
02 August 2024Less than 1% of companies globally with cyber insurance were impacted, the broker said
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Cyber insurers could face largest loss in 20 years from CrowdStrike outage
25 July 2024Insured losses are estimated to be between $400m and $1.5bn, says CyberCube
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Insured losses from CrowdStrike outage could exceed $1bn for Fortune 500
24 July 2024Parametrix said the portion of economic losses covered under cyber insurance policies will not be more than 10% to 20%
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AI is only used for reserving by a fraction of insurers worldwide
23 July 2024But LCP survey found 53% of teams said they plan to increase usage in the future
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System failure and business interruption the major loss triggers from global IT outage
22 July 2024Business interruption losses unlikely to be covered by general insurance policies, says APCIA
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LMA: IT outage chaos unlikely to breach op risk impact tolerances
19 July 2024Matt Wood, head of technology at the Lloyd's association explains insurance implications
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NYDFS issues guidance on AI discrimination
11 July 2024Insurers in the state are expected to demonstrate the "actuarial validity" of AI
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GenAI could mean a 10%-30% boost for insurers' risk functions
03 July 2024Consultancy McKinsey says the insurance sector is still defined by manual processes and legacy systems