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...for certain policies and digital triaging of broker submissions plus automation of certain tasks for others....
...In September, Lloyd’s of London defended a move to limit systemic risk from cyber attacks by requesting that insurance policies written in the market have an exemption for state-backed attacks....
...Lloyd’s of London insurer Beazley has launched the first cyber catastrophe bond, opening up one of the fastest-growing areas of the underwriting industry to investors as companies and governments seek to...
...“Maybe call Lloyd’s of London.” So, I did....
...Automation has crept into the so-called “follow” market at Lloyd’s, which is when insurers take a later tranche of the risk on a particular policy....
...Last year saw a record-breaking number of natural catastrophes causing at least $1bn in insurance losses: 37 separate events, according to data from insurance broker Aon....
...Santander’s figure, however, included those accounts it closed for “non-compliance to policy”....
...The number of owner-occupiers with a mortgage has fallen by 2mn since 2002 and sits at levels last seen in the 1980s, according to Building Society Association research....
...to work beyond a certain point....
...It also misses certain other nuances, such as companies (eg Marks & Spencer) that fell out of the index then got back. To which you might say “why bother at all?”...
...There were a “number of teams of underwriters” that were developing add-on policies that could cover state-backed attacks, it added....
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...you do,” says Catherine Hill, head of policy and public affairs at the charity Fertility Network UK....
...Lloyd’s of London, the world’s oldest insurance market, is locked in a fight that will shape the future of the industry’s newest gold mine: selling protection against cyber attacks....
...With both sides playing hardball, Hamas leaders in Gaza are aware their only “insurance policy” and leverage in the talks are the hostages, said Dalalsha....
...Western powers have deployed a number of naval vessels to the region to help provide protection for commercial shipping....
...I would like to take this moment to thank those of you who have written to me about the impact of the war, and also point to this useful explainer for following the latest developments....
...We will digitise operating theatre processes allowing the same number of consultants to do an extra 200,000 operations a year....
...Stamp has always considered himself to be good with numbers and is a member of Mensa. But those aren’t the traits that he says make him a great superforecaster....
...The combined impact of the chancellor’s policies aimed at bolstering investment and lifting employment is to raise the level of GDP by 0.3 per cent in 2028-29, according to the OBR’s estimates....
...Whether you drive a Beamer or a banger, the soaring cost of motor insurance may have caused you to gasp when your policy came up for renewal. I lost a day of my life searching for cheaper cover....
...to say, cover the cost of the mortgage or at least prepare to sell the property so they’re not facing those mortgage costs....
...Now, we do recognise that in London and certain other very expensive parts of the country, there’s differences, but it will still really help....
...Philip Booth, professor of finance, public policy and ethics at St Mary’s University, Twickenham, London: Better — mortgage rates will fall, some taxes will fall and wages will continue to rise at a faster...
...But while those are at most qualified quantitative guesses, for the longer term we can try to identify patterns in the forces of change, which could be more informative than short-term prognostication....
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