Solving Global Challenges Requires Risk Expertise

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Insurers at ICMIF's Meeting of Reinsurance Officials conference said a wave of international efforts aimto address global risks, but it's up to the insurance community to remain key parts of those solutions.

 

Lloyd's Beale: Time for Insurers to Step Up the Research, Development

Inga Beale, CEO, Lloyd's, said the insurance industry invests less in researching risks and developing new products than industries such as manufacturing.

 

Willis' Douglas: World is Counting on Insurance for Risk Expertise

Rowan Douglas, CEO, capital, science & policy practice, Willis Towers Watson, said several new global initiatives are aimed at matching the abundance of insurance capital and expertise with uncovered risk throughout the world.
 

Mutual Insurers Wrestle With Onslaught of Emerging Risks

Insurers and reinsurers said a range of new and expanding risks, including cyber liability, drones, autonomous vehicles and even new farm risks is challenging the underwriting ability of the mutual insurance sector.
 

Flood Re Sees Its Coverage Rising

Aidan Kerr, operations director, Flood Re, said the reinsurer is aiming to cover 200,000 U.K. households for flood risk in the shorter term and eventually reach up to half a million by operating in the background of the homeowners' insurance market.

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