Weekly News Roundup – 3rd November

In the 10th edition of AXA’s Future Risks Report released this week, global experts rank climate change as the number one emerging risk. No surprises there but you might be interested to know it didn’t even make the top ten when the first report came out a decade ago! The increased accessibility to AI brings a number of issues related to privacy, regulation, cyber security and more. CFC explores how the industry can futureproof itself against this uncertainty. Finally, make sure you sign up for the MGAA’s latest webinar which discusses how MGAs can “work with insurers to create something unique”.

AXA Future Risks Report 2023 (Source: AXA)
75% of experts think that risks are more interconnected meaning more “transversal and holistic solutions” are needed to “avoid future crisis”. In its top ten ranking of emerging risks, climate change took the top spot.

Debunking AI hysteria: The reality of new and evolving risks (Source: CFC Underwriting)
With access to AI tools increasing  across industries CFC warns that it is “vital to tread cautiously” and highlights the nuances between and AI risks and standard technology risks in this article.

Israel and Hamas conflict – the potential impact outside of its borders (Source: youTalk Insurance)
Pool Re examines the shockwaves being felt from the current conflict in the Middle East, including increased terror threats in the UK, heightened vandalism and a rise in acts of antisemitism and islamophobia.

How to find your niche and work with your insurer to build your scheme (Source: MGAA)
Join this dynamic session to learn how to find a niche sector, build a successful scheme, and work with an insurer to scale it up.

Cowbell continues rapid growth in 2023, increasing its new customer base 49% year-over-year (Source: Cowbell)
We’ve been helping Cowbell launch in the UK and they’ve been going like the clappers. With a recent new investment and new customer growth up by nearly 50%, they are one to watch!


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