Business

UK SMEs Underprepared for Top Cybersecurity Threat
Insurance UK SMEs Underprepared for Top Cybersecurity Threat

In an era where digital presence is synonymous with business survival, a deeply concerning paradox has emerged for the United Kingdom's small and medium-sized enterprises, with data revealing that a staggering majority have suffered a cyber incident yet remain critically under-protected. This

Why Must Delegated Authority Brokers Evolve to Survive?
Insurance Why Must Delegated Authority Brokers Evolve to Survive?

The delegated authority broking model that once defined the industry is no longer viable, as the ground has irrevocably shifted beneath it. With delegated business now accounting for approximately 45% of Lloyd's of London's total premium and on a trajectory to become the dominant majority, the

Why Are 73% of Insurance Leaders Planning Tech Upgrades?
Technology & Trends Why Are 73% of Insurance Leaders Planning Tech Upgrades?

Imagine an industry at a pivotal moment, where nearly every professional agrees that the tools they rely on are holding them back, yet the path forward is fraught with obstacles. This is the reality for the insurance sector today, where a staggering 73% of leaders are gearing up for significant

Marine Hull Market Trapped in Price War Amid Rising Risks
Insurance Marine Hull Market Trapped in Price War Amid Rising Risks

Setting the Scene: A Market Under Pressure Imagine a global shipping industry, the backbone of international trade, navigating through a perfect storm of rising risks and relentless competition, yet unable to secure the financial buffers needed to weather the challenges. This is the reality for the

Can AI Mimic the Mind of an Expert Insurance Underwriter?
Technology & Trends Can AI Mimic the Mind of an Expert Insurance Underwriter?

Imagine a world where an insurance underwriter’s decades of hard-earned intuition and expertise could be distilled into a single, powerful tool capable of assessing risks with uncanny precision. This isn’t the stuff of science fiction but a tantalizing possibility within reach thanks to

How Is Marine Insurance Adapting to New Risks?
Insurance How Is Marine Insurance Adapting to New Risks?

Imagine a massive cargo vessel stranded mid-ocean, not due to a storm or mechanical failure, but because a cyberattack has crippled its navigation systems. Such scenarios are no longer the stuff of fiction but a stark reality facing the marine insurance industry today. As global trade continues to

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