ID Comment
The next Gold Rush? Why deep-sea mining sparks controversy
Technology and regulation race against – not with – each other, as companies and nations seek to harvest the world’s abyssal plains
CrowdStrike is the cyber insurance market's first stress test
The global IT outage will spark a revaluation of cyber insurance wordings, particularly in relation to business interruption
How to lose the debate on climate change
Global warming is not a belief nor a point of view, but a threat. However, climate activists who endorse criminal activity are on a hiding to nothing
Global chaos from Microsoft IT outage highlights systemic cyber threat
Cyber insurers will be scrambling to understand their exposures to the outage as businesses worldwide are affected
'Build Back Better' needs to be the norm for flood insurers
Just 30% of claims to come through Flood Re have included Build Back Better resilience provisions – that proportion needs to rise
Buyers of cyber insurance are still unclear about what it covers
As penetration of cyber coverage continues to increase, it is important insurers and brokers work with buyers to make sure they are crystal clear on the scope and limits of their coverage
Lloyd’s transition risk code is a welcome addition
New TRX risk code will allow syndicates to ‘dip their toe’ into transition risk
Sanctions compliance will continue to challenge marine insurers in the year ahead
The dark fleet now comprises 12% of the global trading fleet, according to Lloyd’s List
Keeping a lid on cyber war is still a priority for Lloyd’s
The corporation’s chief underwriting officer is looking to rein in dispensations given when mandatory cyber war wording was introduced
Year of elections unlikely to move the needle on PV rates
Despite concern among businesses about the unprecedented number of elections taking place in 2024, the political violence insurance market appears largely unmoved
ID Comment: Still more work to do at Lloyd’s after strong 2023
With a doubling of underwriting profits, the market has delivered an impressive performance in 2023 – but one swallow does not a summer make
ID Comment: Aviva's Probitas deal is a canny move
The UK composite insurer has been weighing a return to Lloyd’s for some time. In Probitas, Aviva has found a business that presents a remarkably good strategic fit
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