Friday, July 15, 2022
HomeInsuranceInsurance coverage Information: Growing danger, inflation, and regulation | Insurance coverage Weblog

Insurance coverage Information: Growing danger, inflation, and regulation | Insurance coverage Weblog

As modifications in danger and macroeconomics—particularly inflation—proceed to affect insurance coverage business dynamics, regulators stay engaged to assist insurers and clients modify accordingly. However not all interventions are reaching their supposed outcomes.

On this month’s Insurance coverage Information Evaluation, Joanne Laffan and I talk about the unintended penalties of the UK Monetary Conduct Authority guidelines supposed to stop loyal clients from paying greater premiums than new clients. We study why it could not have had its desired impact.

Within the US, regulators are exploring whether or not federal insurance coverage to cowl catastrophic cyber-attacks could also be wanted. This comes after a authorities report warned that the non-public insurance coverage market and the Terrorism Threat Insurance coverage Program provide restricted safety.

In the meantime, as Australia is more and more hit by excessive climate occasions, NRMA Insurance coverage has teamed with the South Australian State Emergency Service (SASES) to amplify group preparedness packages. Joanne and I talk about this persevering with development towards public-private partnerships aimed toward serving to to mitigate danger. We additionally talk about how macroeconomic restoration from the pandemic could be stifled and what affect that might have on the insurance coverage business.

See extra Insurance coverage Information movies.

Get the newest insurance coverage business insights, information, and analysis delivered straight to your inbox.

Disclaimer: This content material is offered for common info functions and isn’t supposed for use rather than session with our skilled advisors.
Disclaimer: This doc refers to marks owned by third events. All such third-party marks are the property of their respective homeowners. No sponsorship, endorsement or approval of this content material by the homeowners of such marks is meant, expressed or implied.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments