Market News
New AON Underwriting Platform Focuses on Intellectual Property Risks
AON has launched a new underwriting platform offering what the company says is the largest known delegated capacity for intellectual property (IP) liability risks. In 2018, AON announced the development of an insurance facility providing $100 million in capacity for IP infringement liability exposures. Read More
COVID-19, Economic Downturn Likely To Extend Hard Market: Willis
The COVID-19 pandemic and the economic downturn will likely extend a hard commercial insurance market for North American buyers through 2021, according to Willis Towers Watson. North American commercial insurance buyers will continue facing upward pricing pressure across most insurance lines, along with newfound scrutiny of coverage terms and conditions. Read More
IAIS Monitoring COVID-19 Impact on Global Insurance Sector
The International Association of Insurance Supervisors (IAIS) says it is monitoring developments and working with other standard-setting bodies to asses the impact of the COVID-19 pandemic on the global insurance sector. The IAIS stressed the importance of the insurance industry to provide protection against the heightened uncertainties created by the pandemic. Read More
New Structures, Technology, Captives May Help Cover Intangible Assets
Though intangible assets are becoming an ever-growing part of many companies' value, there are significant disconnects between the way many organizations approach coverage of their tangible and intangible assets. Addressing those growing exposures could be a function of parametric coverage designs, new technology, and captive insurance structures. Read More
FERMA Task Force Looks To Address Nondamage Business Interruption
The Federation of European Risk Management Associations (FERMA) has launched a task force to create proposals for addressing business interruption coverage for catastrophic risks that don't cause physical damage. The task force, which includes senior risk managers from FERMA members, plans to publish initial results by the end of May. Read More