Weekly News Roundup – 14th April

Howden’s latest political violence (re)insurance market report highlights how SRCC events have overtaken terrorism losses for the period 2015 to 2022, namely due to “recent geopolitical and macroeconomic developments”. Autonomous vehicles are set to disrupt the auto insurance market (unsurprisingly) and Lloyd’s have become BIBA’s 21st partner. Read all this and more in this week’s update.

Civil unrest exceeds terrorism in terms of insured losses (Source: Business Insurance)
A recent report from Howden indicates that civil unrest has “caused more than $10 billion in insurance and reinsurance losses since 2015”.

Moody’s: autonomous vehicles to drive auto insurance transformation (Source: Global (Re)Insurance)
The rating agency says that autonomous vehicles will reduce accident frequency but also, long-term, will impact profits and premiums.

Drone opportunity for insures amid ‘explosion’ in uses? (Source: Insurance Times)
Progress in drone technology means viable opportunities in a variety of sectors.

Lloyd’s joins as a BIBA partner (Source: BIBA)
BIBA and Lloyd’s have joined forces, with the world’s specialist insurance market looking to enhance access to it for brokers.

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