Tensions ran high during InsuranceERM's virtual panel discussion on the legal risk implications of the Covid-19 pandemic, as experts discussed the next steps in arguably the biggest legal crisis the insurance industry has ever seen. Paul Walsh reports.
Covid-19 has prompted life insurers to upgrade their underwriting technology to use data in previously unimagined ways. A policyholder's driving history, pharmacy records, and the tone of your voice can now all be analysed as evidence. Sarfraz Thind examines the latest trends.
Litigation over business interruption coverage for Covid-19 is massing across the globe. The lawyer leading the charge in the US believes this could be the most expensive legal battle in history. How strong is his case and should insurers be worried? Sarfraz Thind reports
The US life insurer's CFO talks to Sarfraz Thind about the present and future impact of Covid-19, the company's approach to risk management and his transition from the CRO role
On the eve of a potential hearing of the retroactive business interruption bill in the New York State Assembly, the bill's architect Robert Carroll explains his rationale to Sarfraz Thind and why he is hopeful of winning the argument
US insurers have been getting a beating in their response to the Covid-19 crisis. Their latest move to rebate auto premiums shows the fissures in their approach and the lack of a cohesive regulatory response. Sarfraz Thind reports
As economies shut down and industries struggle with a new work paradigm, insurers are changing their structures to cope with the manifold challenges of the pandemic. Gustavo Ortega, head of technology, innovation and operations risk management at Voya Financial, talks to Sarfraz Thind about one of the biggest operational risk events in history
Insurers are being asked critical questions about their role in protecting consumers from the coronavirus pandemic. Despite calls from on high, the industry says it will not cover business-interruption and workers compensation losses. As the crisis deepens, industry bodies say such demands could threaten the stability of the sector. Sarfraz Thind reports
The spread of Covid-19 has not come as a surprise to everyone. Analytics firms are looking at the thousands of situations to model pandemics every day. However, it seems insurers are not quite up to scratch. Sarfraz Thind reports
Ray Farmer is the new president of the National Association of Insurance Commissioners. In this Q&A with Sarfraz Thind, he talks about flood coverage, international regulation and how he intends to raise climate awareness