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Insurance Ireland prescribes tonic for Irish re/insurance market
23 July 2024The Irish trade body issued its six-point submission ahead of this October's budget package in Ireland
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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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Beazley not anticipating major hit from CrowdStrike outage
23 July 2024Fitch Ratings says high single-digit billion loss will not have material impact on re/insurers
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CNP's Vincent Damas calls for global interoperability of green taxonomies
22 July 2024UNEP FI is leading a collaboration to support a unified global green taxonomy
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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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Limited impact for insurers from Microsoft outage, says AM Best
19 July 2024Insurer cyber protections, terms and reinsurance likely to limit losses
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ABI's Hannah Gurga champions AI and regulatory reform at PRA roundtable
19 July 2024Cheif of the UK's insurance association highlights opportunities for AI in reporting
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Flood Re covers more households despite stormy outlook
19 July 2024A third of all claims since Flood Re's inception were received in 2023/24, in the wake of the winter storms
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Microsoft IT outage will be significant loss for insurers
19 July 2024Challenge for firms where both operations and coverage hit by outage