The cyber insurance market is set to triple in size over the next decade, but will still cover less than 1% of the economic impact of cyber crime

Climate change brings a wide array of challenges and opportunities for the insurance industry

John Neal, chief executive of Lloyd’s, wants private capital to make up 20% of the whole market

Efforts to prevent the scrutiny of investigative journalists are not new, but strategic lawsuits against public participation have been some of the most financially burdensome

Artificial intelligence’s potential to improve sustainability efforts is flying under the radar

Traditional approaches to underwriting have long been plagued by inefficiencies, costing insurers billions in lost premiums and stifling growth opportunities

The race to provide an online offering for D&O insurance has led to over-simplification in situations demanding nuance and subtlety

Supply chains are at increased risk of interruption by hostile actors, with Houthi attacks in the Red Sea forcing shipowners to reroute vessels

With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts

Last year was demanding for professional lines insurers, grappling with challenges such as inflation and economic uncertainty. As we enter 2024, some of these considerations will persist, while new ones will emerge

There has been a significant reset in the re/insurance sector in how costs of catastrophic risks are shared. This shift, together with improved pricing adequacy, helps the industry send clearer signals to clients and society about the rising cost of evolving risks and how to mitigate them. With volatility persisting, keeping pricing adequacy in focus is crucial

Farm diversification creates new risks that must be carefully managed, so the insurance industry must adapt and coverage that aligns with the evolving needs of modern agricultural businesses