Insurers must tighten up cyber exclusions: Horgan
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HARARE, The underwriting community needs to do more due diligence on policy wordings to make sure cyber exclusions in property and other lines of business will actually apply when an event occurs, according to Paul Horgan, head of North America commercial insurance at Zurich NA.
In an interview, the executive told The Insurance
Boost sets reinsurance panel to cover InsurTech partners
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HARARE, Boost Insurance has set in place a reinsurance facility led by Nephila Capital and backed by Markel Digital and RenaissanceRe to support the InsurTech launch platform it has created, The Insurance Insider understands.
The arrangement secures a key element needed by New York-based Boost to begin helping InsurTech
Three critical components of a cyber policy
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HARARE, Modern cyber policies provide coverage against a vast array of digital hazards. As hackers change tactics, insurance companies are forced to evolve in order to make sure insureds are protected against emerging risks.
Although cyber criminals seem to be one step ahead of the authorities, leading cyber insurance companies are
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HARARE, Insurers must adapt to the new digital environment and provide customers with the same degree of customisation they receive in other industries. This requires the traditional insurance model to make way for strategies that incorporate a lifestyle-centric approach, says Stuart Blyth, director at SilverBridge.
With pressure coming from more agile insurtechs, insurers
Willis and Marsh brokers to launch M&A intermediary
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HARARE, Three London market M&A insurance brokers have resigned from their respective firms to establish a boutique brokerage specialising in transactional risk, this publication has learned.
Alan Hands, placement leader at Marsh’s UK transactional risk team, and two Willis Towers Watson brokers, Clemens Kueppers
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HARARE, A new report based on US Bureau of Labor statistics has found that most motor vehicle accidents involving company cars occur during the personal time of employee drivers.
Specifically, the report said that 60% of company car accidents happen during an employee’s personal time, while the remaining 40% of collisions were work-related.
CarData Consultants, a provider
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HARARE, The retreat of US leadership. Growing geopolitical competition between major powers. Decaying liberal democratic governance. The world order is turning on its side – and businesses have much to lose in the limbo.
Political violence risks are on the rise worldwide, according to Aon‘s 2018 Risk Maps for Political Risk, Terrorism, and Political Violence. One-fifth
Toyota will be watching you drive – and may adjust your premiums accordingly
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HARARE, Toyota Motor Corp. said it plans to save big fleet operators money by expanding its data analytics, telematics and network security platform into Europe.
The London-based unit is starting with US$6.3 million (£4.5 million) in seed money from Toyota and plans to hire as many as
Marsh Q1 growth slows as GC accelerates
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HARARE, Marsh & McLennan Companies’ (MMC) primary broking business reported slowing underlying revenue growth in the first quarter within a set of group results which exceeded expectations.
The pace of underlying growth at Marsh declined to 2 percent for the first quarter, slowing from a growth rate of 5 percent in the same
Insurers urged to take the lead as terrorism risks surge
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HARARE, The deadly van attack in Toronto on Tuesday (April 23) serves as a horrific reminder that “we live in uncertain times.” While the incident, which left 10 dead