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Expectations and relevancy: What’s at risk for the P&C industry

September 30, 2020 by Adam Malik

If the property and casualty insurance industry doesn’t “come to grips” with meeting client needs, the industry is at risk of losing relevancy in the marketplace, warned an industry consultant. Phil Cook, who is also chairman of Omega Insurance Holdings,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber line expected to be one of the leading P&C growth areas in the U.S. over the next few years: A.M. Best

June 23, 2017 by Canadian Underwriter

The cyber line of business is expected to be one of the leading growth areas within the property and casualty space in the United States, with cyber coverages estimated to increase between US$7.5 billion to US$20 billion by 2020, a

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

WannaCry ransomware attack “arguably the first ever cyber-catastrophe”: RMS cyber expert

May 16, 2017 by Canadian Underwriter

The global WannaCry ransomware attack is “arguably the first ever cyber-catastrophe,” an expert in cyber risk management from RMS said on Tuesday. Tom Harvey said in a statement that the cyberattack “clearly demonstrates the systemic nature of the risk, with

News CatastrophesInsuranceLegalMarkets / CoveragesMergers and AqcuisitionsReinsurance

Business interruption payouts should be based on historic results even in post-disaster economy: AEIC speaker

October 11, 2016 by Angela Stelmakowich

The Fort McMurray wildfire will likely raise questions about the basis for business interruption (BI) insurance payouts in a post-catastrophe economy, but historic results are the best indication of what otherwise would have occurred, Emily Stock argued during the 43rd