Executives from Lloyd’s, Peak Re and ERGO say claims inflation, misread war-risk terms and a wide protection gap are testing (re)insurers as they follow clients into new markets.
More uninsured businesses are citing price and product scope as barriers to cyber cover, even as purchase intent rises and extortion attacks on small, non-US firms are expected to expand.
The earthquake left a trail of destruction across Nagqu City, collapsing at least 339 homes, forcing more than 12,000 people to relocate and disrupting rail and road links.
The partnership adds Peak Re to GAIP's expanding network as the platform works to address protection gaps across the region through greater industry collaboration.
The parties will also cooperate to support risk pooling across emerging regions, while undertaking advocacy and policy initiatives to strengthen financial resilience and address insurance protection gaps....
The partnership adds Lloyd's Asia to GAIP's growing network as the platform seeks to address regional protection gaps through greater industry collaboration.
Part of Generali's broader expansion of MSME-focused programmes across Asia-Pacific, the challenge aims to address protection gaps facing MSMEs in India.
The trade bodies, whose members represent around US$200bn in gross written premiums, will share evidence on resilience, regulation and extreme weather, alongside emerging risks such as cyber and AI.
