Market News
Power Grid Cyber Threats Spark Need for Customized Cyber Coverage
According to A.M. Best, specialty insurance groups in the energy and utility sectors have been exploring avenues to leverage their industry knowledge into areas of profitable but conservative and controlled growth in cyber insurance. Read More
Widening Terrorism Re-insurance Coverage Availability Crucial for Resilience
JLT Re's latest report analyzes the dynamics behind the evolving terrorist threat and examines how the terrorism re/insurance market has reacted. JLT Re advises that although significant progress has been made, there is still more to do in order to deliver a sustainable proposition that offers comprehensive protection to buyers. Read More
Risk Maps Reveal Heightened Political Violence and Political Risk
AON has published its 2018 "Risk Maps," covering political risk, terrorism, and political violence. Political violence risks are rising globally due to geopolitical tensions, a weakening of liberal democratic governance, and the repercussive effects of chronic conflicts around the globe. Read More
Allianz: Insurers To Play Crucial Role in Artificial Intelligence
In the recent report "The Rise of Artificial Intelligence: Future Outlook and Emerging Risks," insurer Allianz Global Corporate & Specialty (AGCS) identifies both the benefits and emerging risk concerns around the growing implementation of artificial intelligence (AI) in society and industries, including the insurance sector. Read More
ILS Market Update: Capacity Greater than Ever
Outstanding capacity under catastrophe bonds is greater than ever, according to Willis Towers Watson Securities. The first quarter of 2018 saw $3.1 billion of underwritten, widely distributed non-life insurance-linked securities (ILS) capacity issued through 12 catastrophe bonds, compared to $1.7 billion through 5 bonds in the same quarter of 2017. Read More