The global reinsurance market has endured a complex and in many cases frustrating renewal process which has gone down to the wire, according to the 1st View January reinsurance renewals report published today by Gallagher Re, the global reinsurance broker. As anticipated before negotiations began, the two areas of most constraint were peak-zone […]
The latest from the Swedish Club, which highlights how inflation is inevitably pushing up premiums as we move towards 2023. In recognition of the need to maintain a balanced approach, the Board of The Swedish […]
ACSO lobbying has brought about policy changes in Civil Justice, as the minutes of the latest meeting of the CPRC, published yesterday, reveal. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1122232/cprc-4-november-2022-minutes.pdf Matthew Maxwell Scott, executive director of ACSO, said that CPRC minutes […]
Here’s an interesting nugget we found, as Insuritas in the USA sent out this insurance product conversion rate info; “Some 71% of those who received a quote in October took out a policy.” That is […]
The latest from North P&I; North P&I Club signals intention to apply a 10% General Increase in 2023/24 premium rates amid swirling economic uncertainty and mounting inflationary pressures.The current benign marine insurance conditions within P&I […]
This Opinion piece is by Richard Cooke, UK Business lead, Keepler Data Tech and it looks at how PAYG cover will become the default setting in a time of recession. The cost-of-living crisis is already […]
Is the insurance industry entering a new age of austerity, where consumers cancel shortly after taking out cover? Maybe so and perhaps PAYG cover is less painful when it comes to all kinds of insurance. […]
SCOR has published its financials for the first three quarters of 2022, with the accent on challenging reinsurance pricing, Cat claims, plus a return to more normal mortality rates following Covid19. Although it’s worth noting […]
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