As risk and macroeconomic changes, particularly inflation, continue to influence insurance industry trends, regulators continue to help insurers and customers adjust accordingly. However, not all interventions achieve their intended results.
In this month’s insurance news analysis, Joan Laffan and I discuss the UK’s unintended consequences Financial Conduct Authority Rules aimed at preventing loyal customers paying high insurance premiums than new customers. Consider why you didn’t get the desired effect.
In the United States, regulators are considering: federal insurance You may need to cover a devastating cyber attack.This is because a government report states that the private insurance market Terrorism Risk Insurance Program Provides limited protection.
Meanwhile, damage caused by abnormal weather is increasing in Australia. NRMA Insurance, in collaboration with the South Australian Emergency Service (SASES), Community preparedness programs. Joanne and I discuss the continuing trend toward public-private partnerships to: Helps reduce risk.We will also explain how Macroeconomic recovery from the pandemic may be subdued and what impact this may have insurance industry.
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