Face-to-Face with Electronic Support... an advantage?
A number of studies published recently compare and contrast the contribution of the social aspects of our business with electronic communications and how these might differ between, say, London and...
View ArticleMaking life easier for our coverholders
Allowing brokers and agents to underwrite insurance on behalf of syndicates has been a very effective and long standing model at Lloyd’s. These ‘coverholders’ (of which there are around 2,600...
View ArticleSpace weather is not just science fiction
My team has just launched our latest report on “Space Weather: Its impact on Earth and implications for business”. Working on this report has made me realise just how vulnerable our planet is. The...
View ArticleWashing up after Badens Oktober risk fest
Baden-Baden is probably still clearing up after hosting the insurance and reinsurance industry’s very own Oktober riskfest. All week the lobbies and salons of the grand hotels lining the banks of the...
View ArticleScience of Risk
To this end, along with partners, we created the Lighthill Risk Network which has promoted debate on topics ranging from nanotechnology to cyber crime. This year Lloyd's has launched its first annual...
View ArticlePromoting Lloyd's service companies and coverholders in the Midlands
When I was based in Sydney, one of our Australian coverholders (who bizarrely was a fanatical Birmingham City supporter) regularly took great delight in contacting me to discuss the fortunes of our...
View ArticleSame Day Service, Please
The cost benefit of any new project will always be identified first (as part of good project governance). But on many occasions not all of the benefits are identified at this stage. Instead, they...
View ArticleECF - Scope Increases
Thanks to enhancements made earlier this year, Aviation Claims can now be handled by ECF in about a third of the time than on paper. This faster-paced claims handling is of major benefit to aviation...
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A milestone...
I remember when we reached 10 and 100 and of course 1000... The pilot is focused on Marine - although, of course, any class can be sent over the Exchange and not just endorsement messages, Signed...
View ArticleSTP - what does it mean?
My own definition of STP would be a world where basic information is not re-keyed. There will always be additional keying as individual firms add richness to the data for their own analysis to improve...
View ArticleEmerging technology, emerging risks
However, are they as quick in protecting their companies from potential risks posed by these emerging technologies? One thing is for sure is that criminals are certainly moving quickly to exploit any...
View ArticleReinsurance renewals - how was it for you?
The only sectors with a clear upward bias were marine and energy, credit, bond and political risk, brokers say. As Guy Carpenter points out in its report, Points of Inflection - Positioning for Change...
View ArticleDice seriously underestimating risk
That’s an average of two. Frankly I can't believe it. I expected an average of 3.5. My die is seriously underestimating risk. I'm off to buy another one that works... With the above in mind, consider...
View ArticleShowing support for the MGAA
The Committee published its Proposal in October 2010 and held a meeting with some 70 or so prospective members in November. The response was very positive. Since then we have held two further meetings...
View ArticleTime for a Cat Risk USP in Solvency II standard formula?
The withdrawal of personalised scenarios doesn’t leave global reinsurers with any choice but to plug global premiums into a factor based calculation method; silly numbers result => GIGO. This...
View ArticleUpgrade Paths
Inevitably the conversations ventured into “what’s next” for message handling to support the endorsements pilot as it moves to cover all endorsements during 2011. Many managing agents originally opted...
View ArticleSolar Storm Surge
These flares can disrupt technology and communications on Earth. However, far from being a one off, such occurrences may be a sign of things to come as we head towards a period of increased solar...
View ArticleKeeping things simple for Coverholders
For those of you who read my previous blog you’ll be aware of the good work that the market is doing in standardising the reports we request of our coverholders across the world. Last week we made...
View ArticleThe UK Insurance Sector: less people, more engagement!
I had always thought of Bristol as a relatively high employer of insurance staff but it was interesting to hear from the Regional Manager of the coverholder, who advised me that with a team of...
View Article2011 Hurricane forecasts begin
This year there seems to be broad consensus that we’re in for another active season, although not as busy as last year. The benchmark for seasonal Atlantic hurricane outlooks remains Colorado State...
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