Of Special Interest


[x] [x]

4th September 2022

Newslink Global Insurance Trends-Edtor's Weekly Highlights

This week, S&P Global Ratings said the natural catastrophe business of global reinsurers has been reshaped by five years of losses that were higher than they anticipated-"Half of the top 21 global reinsurers have increased exposure and the other half have made reductions, with the aggregate catastrophe budget rising almost 20% to $15.5bn in 2022," said S&P Global Ratings credit analyst Charles-Marie Delpuech in the report "Global Reinsurers Part Ways On Natural Catastrophe Risk-Even As Prices Rise"-the company also released "S&P Global Ratings Top 40 Global Reinsurers And Reinsurers By Country: 2022". Gallagher revealed that UK councils have been hit by 10,000 cyber-attacks every day so far in 2022. Which? indicated that despite the loyalty penalty ban introduced by the Financial Conduct Authority(FCA), many UK personal lines insurance customers are seeing price rises. Aviva in its latest guest article highlighted that more over 65s in the UK are still working than six years ago.
Member companies of the Association of Bermuda Insurers and Reinsurers(ABIR) recorded a 21% year-over-year increase in net premium written in 2021. The Chartered Insurance Institute(CII) has teamed up with Pearson to support the launch of T Levels, a new route into a rewarding career in the insurance and personal finance profession-the 125-year-old professional body is part of the panel that validate content for the two-year Finance T Level courses, which follow-on from GCSEs and are equivalent to three A levels.
Ariel Re is the first Lloyd’s business to become a signatory of the Standards Board for Alternative Investments(SBAI)-the SBAI is an alliance of allocators and asset managers supported by over 250 institutional investors and investment managers, which has created an Alternative Investment Standards framework. Sompo International signed an agreement to sell the run-off Endurance at Lloyd’s(EAL) business to RiverStone, and DARAG Group announced the conclusion of a new agreement with an undisclosed US-based captive insurance company. esure announced a positive half-year trading report. There were senior appointments at QIC, Compre, and TigerRisk.


Increasingly, financial services companies and their regulators are taking a global view as instant communications make the world a smaller place and are accelerating the maturity of developing countries. Insurance Newslink 29 years ago predicted this trend and over that period of time has uniquely brought together strategic intelligence from source across all insurance/reinsurance markets and related IT/InsurTech trends into an internet-based Research Matrix database self-service and reporting facility. As technology and analytics progresses, with such advances as machine learning, artificial intelligence, and dispersed digitisation uplift following the COVID-19 pandemic, the service will play an increasingly important role in adding value to internal company analytics in a global market context.
Today, Insurance Newslink has over 55,000 expertly selected articles from source indexed across a Matrix of date, continent /country, company, regulatory, company, research/publications, and IT applications by business function. Our Banking Newslink Global Trends service commencing in 2000 has over 36,000 articles, and Financial Newslink combines both services at www.onlystrategic.com
Insurers, reinsurers and banks need to know about each other’s positioning and IT suppliers of all types and sizes need to understand the key business and regulatory issues and opportunities. The surge of InsurTech, FinTech and digitisation initiatives have emerged from all over the globe-only a few years ago, the Chinese were finding out about progress in the US and Europe and could well now be ahead of the field. Speedier change is impacting the mind-set of the customer/consumer.
The service acts as a strategic catalyst enabling quicker, better decisions across market players and suppliers bringing global market,IT, and regulatory trends together, adding value for student through to CEO.
Our content is read broadly equally across The Americas, Europe, and Asia Pacific by all ranges of management and we are increasing the number of distribution partners. Our service is available from a single user to a corporate subscription.
For the past 40 years, we have worked with over 100 market players and major technology suppliers-go to our consultancy site-Shillito Market Intelligence Ltd at www.shillito.org.uk for more background and a list of some of our clients. For the last 29 years, our Newslink Global Trends Research Database has been proven as the core content for our numerous white papers, university business school lecturing, training, speaking, and chairing events globally.