Of Special Interest


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28th August 2022

Newslink Global Insurance Trends-Editor's Weekly Highlights

This week, S&P Global Ratings said that it expects the Lloyd's market will post a robust underwriting performance in 2022-2024 as rates harden in many lines, after returning its first underwriting profit since 2016 last year-the rating agency also reported that conditions for insurance-linked securities(ILS) investors are improving after several difficult years due to a growing number of natural catastrophes-at the same time, the demand for protection from cyber risk is increasing, but the capacity offered by the (re)insurance sector is not growing at the same pace, leading to significant policy rate rises and a protection gap. Gallagher Re global (re)insurers’ financial results report for H1 2022 summarised key themes emerging from global (re)insurers’ financial results for the first half of 2022. GlobalData estimated that the Japanese general insurance market will reach $133.1bn in 2026.
A guest article by Christina Hill, Verisk, indicated that fewer than 30% of top global insurers have a digitised value chain, that their claims management operations are inefficiently limited by legacy systems, and they have poor API integration. AXA Climate is to use RMS HWind as a trigger metric for parametric insurance policies.
Compre announced it had received regulatory approval to acquire the French medical malpractice portfolio from a European-based insurer for an undisclosed sum. Marsh launched the world’s first insurance facility for green and blue hydrogen project risks, whilst its Ukrainian grain insurance facility with Ascot secured its first placement. There were senior appointments at Canopius and Liberty Mutual.


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