News

  • CrowdStrike IT outage wake-up call for technology use, says WR Berkley CEO

    23 July 2024

    Insurer does not expect material losses from event at this stage

  • Insurance Ireland prescribes tonic for Irish re/insurance market

    23 July 2024

    The Irish trade body issued its six-point submission ahead of this October's budget package in Ireland

  • 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

  • Beazley not anticipating major hit from CrowdStrike outage

    23 July 2024

    Fitch Ratings says high single-digit billion loss will not have material impact on re/insurers

  • CNP's Vincent Damas calls for global interoperability of green taxonomies

    22 July 2024

    UNEP FI is leading a collaboration to support a unified global green taxonomy

  • 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

  • Limited impact for insurers from Microsoft outage, says AM Best

    19 July 2024

    Insurer cyber protections, terms and reinsurance likely to limit losses

  • ABI's Hannah Gurga champions AI and regulatory reform at PRA roundtable

    19 July 2024

    Cheif of the UK's insurance association highlights opportunities for AI in reporting

  • Flood Re covers more households despite stormy outlook

    19 July 2024

    A third of all claims since Flood Re's inception were received in 2023/24, in the wake of the winter storms