Archives for June 22, 2021
Inflation to “sharply increase” hurricane claims costs, warns Swiss Re
By Steve Evans ----- Inflation is driving prices higher and while the insurance and reinsurance industry may have been hoping that claims inflation from litigious claims could be close to…
Cyber industry loss ratio at record-high 67% in 2020: Aon
By Matt Sheehan --- A new report on the US cyber market by re/insurance broker Aon shows that the overall industry loss ratio jumped up by percentage points last year…
Pension industry raises concerns around withdrawal behaviour
Withdrawal behaviours are among the top concerns of a third of pension providers in the UK, with two-thirds fearing this concern will grow as more people rely solely on a…
Insurance Europe outlines “vital” need to remove key re/insurance access barriers
By Charlie Wood --- Insurance Europe has underlined the importance of removing market access barriers between European re/insurers and the countries Argentina, Brazil, Canada, India and Indonesia. The governing body…