The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the International Underwriting Association …
New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between different parties involved in responding to resulting insurance …
Phil Hobbs, president and managing director of Liberty Special Markets (LSM), has been elected as the new chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, head of Commercial Insurance at Zurich UK, who is retiring. Hobbs has …
The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association (IUA) has revealed. In a survey of its members, the organization recorded 27% of respondents mentioning climate change and wider …
Lloyd’s confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalize, streamline and fully automate processing for the Lloyd’s and London market. Lloyd’s described the …
Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets. The joint venture intends to “deliver both world class technology …
Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by the International Underwriting Association (IUA). Companies identified simplifying processes to enable processing without manual intervention as their highest strategic …
Robert Kuchinski, head of Commercial Insurance at Zurich UK, has been elected as the new chairman of the International Underwriting Association (IUA). He replaces Patrick Tiernan who recently announced he would be leaving his role as managing director UK Commercial …
A new group for senior claims managers in the London insurance market has been established by the International Underwriting Association (IUA). The Claims Strategy Committee will oversee and coordinate all claims-related issues discussed by companies. It has been set up …
Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City. A new report from the International Underwriting Association also shows that another £6.197 …
