Archive

  • Underwriters burdened by manual data entry

    13 August 2024

    Hyperexponential's State of Pricing 2024 report surveyed underwriters and pricing actuaries across the UK and US

  • CRO Forum adds social fragmentation to 2024 emerging risks radar

    09 August 2024

    Economic trade conflicts and sanctions have also been included as emerging risks to watch

  • Guy Carpenter warns of "Kitty Cat" cyber events and predicts $1bn max insured loss from CrowdStrike

    02 August 2024

    Less than 1% of companies globally with cyber insurance were impacted, the broker said

  • Cyber insurers could face largest loss in 20 years from CrowdStrike outage

    25 July 2024

    Insured losses are estimated to be between $400m and $1.5bn, says CyberCube

  • Insured losses from CrowdStrike outage could exceed $1bn for Fortune 500

    24 July 2024

    Parametrix said the portion of economic losses covered under cyber insurance policies will not be more than 10% to 20%

  • AI is only used for reserving by a fraction of insurers worldwide

    23 July 2024

    But LCP survey found 53% of teams said they plan to increase usage in the future

  • System failure and business interruption the major loss triggers from global IT outage

    22 July 2024

    Business interruption losses unlikely to be covered by general insurance policies, says APCIA

  • LMA: IT outage chaos unlikely to breach op risk impact tolerances

    19 July 2024

    Matt Wood, head of technology at the Lloyd's association explains insurance implications

  • NYDFS issues guidance on AI discrimination

    11 July 2024

    Insurers in the state are expected to demonstrate the "actuarial validity" of AI

  • GenAI could mean a 10%-30% boost for insurers' risk functions

    03 July 2024

    Consultancy McKinsey says the insurance sector is still defined by manual processes and legacy systems