Weekly News Roundup – 27th January

Costliest European windstorm since 2010. Australian flood losses most expensive on record. Global economic losses from natural disasters 4% above the 21st century average. 2022 had some unenviable stats, as shown by Aon’s latest research. BIBA has released its annual manifesto, as it strives to bring stability to consumers and businesses in the current economic climate.

Global insured losses from natural disasters topped $130B in 2022 in 5th costliest year (Source: Insurance Journal)
Hurricane Ian was responsible for about 40% of insured losses globally according to Aon’s 2023 Weather, Climate and Catastrophe Insight.

What does ChatGPT make of the insurance industry’s technology landscape for 2023? (Source: Digital Insurance Agenda)
It’s the modern technology on everyone’s lips and DIA have used it to see what it had to say on the insurance industry’s tech trends for the next 12 months, with interesting results.

BIBA Manifesto 2023 revealed – delivering stability (Source: Insurance Business Magazine)
This year’s manifesto vows to deliver stability, whilst focussing on issues including the cost-of-living crisis, the hard market, overburdensome regulation, cyber and more.

The perfect storm or the perfect opportunity? The impact of economic turbulence on insurance in 2023 (Source: Digital Insurance Agenda)
An upcoming webinar discusses where the industry should be focussing its time and money, given the economic climate and whether the current financial crisis will affect tech adoption.

Dead Happy puts murderer Harold Shipman in advert (Source: FT Advisor)
Insurer Dead Happy has come under fire for featuring a serial killer on their recent life insurance campaign.

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