Saturday, January 28, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Insurance

Insurance News: Increasing risk, inflation, and regulation | Insurance Blog

Updates Finance by Updates Finance
July 12, 2022
in Insurance
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


As changes in risk and macroeconomics—especially inflation—continue to influence insurance industry dynamics, regulators remain engaged to help insurers and customers adjust accordingly. But not all interventions are achieving their intended outcomes.

In this month’s Insurance News Analysis, Joanne Laffan and I discuss the unintended consequences of the UK Financial Conduct Authority rules intended to prevent loyal customers from paying higher premiums than new customers. We examine why it may not have had its desired effect.

In the US, regulators are exploring whether federal insurance to cover catastrophic cyber-attacks may be needed. This comes after a government report warned that the private insurance market and the Terrorism Risk Insurance Program offer limited protection.

Meanwhile, as Australia is increasingly hit by extreme weather events, NRMA Insurance has teamed with the South Australian State Emergency Service (SASES) to amplify community preparedness programs. Joanne and I discuss this continuing trend toward public-private partnerships aimed at helping to mitigate risk. We also discuss how macroeconomic recovery from the pandemic might be stifled and what impact that could have on the insurance industry.

See more Insurance News videos.

You might also like

Oliver Wyman appoints global head of cyber risk

Understanding cargo coverage: What brokers should expect for the transportation and logistics market

Novatae targets $2 billion in premium – CEO


Get the latest insurance industry insights, news, and research delivered straight to your inbox.

Disclaimer: This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors.
Disclaimer: This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.



Source link

Tags: BlogIncreasingInflationInsuranceNewsRegulationRisk
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Oliver Wyman appoints global head of cyber risk

by Updates Finance
January 27, 2023
0

Oliver Wyman, a management consulting business of Marsh McLennan, has appointed Souheil Moukaddem (pictured above) as global head of its cyber risk platform. Moukaddem will oversee...

Read more

Understanding cargo coverage: What brokers should expect for the transportation and logistics market

by Updates Finance
January 27, 2023
0

Understanding cargo coverage: What brokers should expect for the transportation and logistics market           Which factors will shape the cargo insurance market in 2023?...

Read more

Novatae targets $2 billion in premium – CEO

by Updates Finance
January 27, 2023
0

“I will try and take this from $800 million in premium to $2 billion in the next two and a half to three years,” said Richard Kerr (pictured),...

Read more

Swiss Re group CUO moving to SCOR to serve as chief executive

by Updates Finance
January 27, 2023
0

“Over the past 25 years with Swiss Re, Thierry made great contributions to many parts of our business, from reinsurance to former Life Capital business unit, to group...

Read more

Gallagher reveals 2022 full year results

by Updates Finance
January 26, 2023
0

The global broker’s broking segment saw 2022 net earnings of $1.2 billion (adjusted: $1.8 billion), an increase from the previous year’s $1 billion. In the risk management segment,...

Read more
Next Post

Bitcoin Erases Last Week Gains As Price Sinks Below $20,000

Related News

Triple-I Blog | Fla. P&C Crisis Worsens As Hurricane Season Begins

June 10, 2022

Should You Save More For Retirement Or Pay Off Your Mortgage Early?

October 11, 2022

Ways to build a Couch Potato portfolio

October 14, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Increasing capacity, tax remission essential to capture markets vacated by China, says EEPC 
  • Best Juicer of 2023 – CNET

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?