Supposedly 90% of Fortune 500 CEOs play golf and no doubt some have been affected by course closures due to flooding. Instech’s new report details how parametric flood insurance is offering protection to previously uninsurable country clubs and their fairways. McKinsey have released a podcast delving into why AI can be transformative to insurance productivity but explained that it doesn’t always have to be part of a company’s roadmap. OneAdvent’s in-house expert, Andy Coleman, shares his thoughts on the potential impact of CrowdStrike’s recent outage on D&O insurance.
Large-Area Flooding: Overexposed and underinsured (Source: Instech)
In collaboration with Floodbase, this report explores the issues with flood insurance, the data platforms tackling these problems and closing the golf course flood insurance gap.
Shiny objects: Insurance productivity in an era of AI and automation (Source: McKinsey)
This podcast explores how AI has “brought new energy” to the insurance productivity conversation and “why CEOs shouldn’t get distracted by the novelty of AI when traditional tools could encourage growth”.
What impact will the CrowdStrike Outage have on D&O insurance? (Source: OneAdvent)
According to various reports, the insurance industry is set to face up to $1bn in losses following the CrowdStrike incident, due to the triggering of (mainly) cyber and business interruption policies. OneAdvent asked in-house expert, Andy Coleman, what he thought the impact might be on D&O insurance.
V20 report calls on World Bank to reconsider parametric cat bond triggers (Source: The Insurer)
The group of countries known as the Vulnerable 20 have asked the World Bank “to reassess the usefulness of this complex and costly financial instrument” after the Jamaican government’s World Bank-issued catastrophe bond made no pay out following Hurricane Beryl.
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