News
CII PRESIDENT ON WHY INSURANCE CUSTOMERS NEED BROKERS MORE THAN EVER
"As president of the Chartered Insurance Institute (CII) and group CEO of Aston Lark, Peter Blanc (pictured) has something of a bird’s-eye-view of the UK insurance market – a view that lends itself well to forecasting what the future has to hold for insurance professionals.
“It has been an interesting few years because, as we’ve moved more and more online with so many activities, I’m a bit worried that insurance hasn’t quite found its proper niche yet,” he said. “There’s lots of insurance being sold online where it’s questionable whether the quality of the product is quite as it should be. Of course, one of the big problems with insurance is that you never quite know how good the product is until the point of claim. And the point of claim is far too late to be finding out you bought something that wasn’t quite right.”
(Insurance Business UK - February 2022)
CYBER INSURANCE - WHAT’S GOING ON IN THE MARKET?
"Ever since it first emerged as the new kid on the insurance block a few decades ago, cyber insurance has displayed many of the characteristics of a rolling stone – steadily picking up speed and energy and never staying still long enough to gather any real predictability. The trends and shifts sweeping the space are innumerate, but as highlighted by Lindsey Nelson (pictured), cyber development leader at CFC, among these are some key developments."
(Insurance Business UK - February 2022)
DRONES, MEDICAL MALPRACTICE AND CYBER ARE TOP TECH RISKS FOR 2022
"Drones, medical malpractice and cyber are the top technology-related risks for this year, according to international law firm DAC Beachcroft.
Its latest global insurance industry predictions lists technology as one of six key themes for 2022. Other important categories for this year are class action lawsuits, climate change, global risks, regulation and modernising the workplace."
(Insurance Times - January 2022)
COP26 UNDERLINES INSURANCE INDUSTRY’S ROLE IN TACKLING CLIMATE CHANGE
"Almost 200 countries have agreed to the Glasgow Climate Pact at this year's COP26 climate summit – and, of course, the insurance industry is one of the industries committed to addressing climate change.
During the conference, 190 countries agreed to the Glasgow Climate Pact at COP26 to “phase down” coal, deemed the biggest industrial source of greenhouse gas emissions, and develop stronger climate plans in 2022.”
(Insurance Business UK - November 2021)