Weekly News Roundup – 11th November
Research from Swiss Re has estimated the protection gap for cyber insurance being as high as an astonishing 90%. Improvements in data quality and modelling, as well as the need to update policy language with standardised exclusion clauses, have been cited as the most urgent updates. For those football fans among us, take a look at Lloyd’s prediction for the winner of the World Cup. Using a model ranking teams ‘based on the collective insurable value of their players’ Lloyd’s has named the anticipated champion and determined that all tournament players have an estimated insurable value of almost £22bn.
Most risk professionals still exclude climate risk from priorities: Airmic (Source: Insurance Business Magazine)
A recent survey by Airmic indicates that fewer than 5% of risk professional name climate change as a top priority and that short-term effects are more concerning than the long-term to them.
Cyber insurance: strengthening resilience for the digital transformation (Source: Swiss Re)
An in-depth look at how businesses, the insurance industry and governments can work together to provide sufficient cyber cover.
Lloyd’s advances framework to measure transition to net zero in underwriting (Source: Insurtech Insights)
John Neal reveals the development of a Lloyd’s measurement framework to support syndicates in transitioning to a net zero position by 2050.
Lloyd’s goes for hat trick of predictions picking England for World Cup glory (Source: Lloyd’s)
Following two successful winner predictions, Lloyd’s names England as this year’s trophy holder.