Weekly News Roundup – 27th October

It’s been another busy week in the insurance conference season with Baden-Baden taking place, during which; Guy Carp hosted a session exploring the demand for development of alternative structures to meet capacity and client needs,  Extinction Rebellion made an appearance demanding the industry pull out of fossil fuels and experts debated how to appropriately price SRCC risks to reduce the protection gap.

The Insurer Baden-Baden 2023 Day 3 (Source: The Insurer)
According to The Insurer, US casualty dominated the conversations and the general consensus was that Europe is not immune from US casualty drivers. However ,a more stable 1.1 is expected.

Proactive cyber: The future of cyber insurance (Source: CFC Underwriting)
Join UK cyber experts on this webinar to hear about real-life examples of proactive cyber in action.

Reinsurance broker Augment Risk launches global parametric specialty to challenge traditional indemnity/reinsurance market (Source: Business Wire)
The newest division will develop parametric reinsurance products “designed to provide a surgical approach to managing CAT exposures”.

Lloyd’s sounds the alarm: global economy faces US$3.5 trillion cyber attack risk over five years (Source: Insurtech Insights)
According to a Lloyd’s study with the Cambridge Centre for Risk Studies, the US, China and Japan would bear the brunt of the economic fall out of an anticipated cyber attack targeting a major financial services payments system.

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