week commencing 17/03/19:

As we wait with bated breath (and slight fatigue) on the latest in the Brexit saga, what has been happening in insurance this week? Read on for our picks of the market press.

Hannover Re bridges the gap between insurtechs and insurers

The firm has launched an online platform called hr | equarium which offers access to a diverse range of solutions, making it easier for the market to find and implement new technology. External-link [Asia Insurance Review]

Leading brokers share strong 2018 results

The top five listed brokers saw a 7% rise in their collective net profits in 2018, with a key trend to watch this year reported to be takeover activity. External-link [Insurance Day]

Swiss Re looks to AI to predict fire risks

Artificial intelligence could help correlate data when looking at fire risks says Swiss Re, with the causes and severity of wild fires being hard to foresee as climate change increases risk. External-link [Insurance Business Australia]

Aftermath of terrorism in Christchurch

New Zealand’s terror threat level, moving from low to high, has wider implications for terrorism insurers, beyond active shooter coverage, with fears of a reprisal still prevalent. External-link [RMS]

Lloyd’s reports gender pay gap has shrunk by 8 points

Lloyd’s attributed the marked improvement to having a more equal gender balance across its senior staff. It has also improved family care benefits and flexible working policies to gain further improvements. External-link [Insurance Insider]

London, New York and Hong Kong named as top three financial hubs

The Big Apple kept its name as the leading financial centre of the world, with London just seven points behind according to the 25th Global Financial Centres Index. External-link [Commercial Risk Online]

Record losses see exec pay packets shrink

Senior executives in the London insurance market saw their bonuses significantly cut due to the catastrophe losses of the last two years according to annual reports, with Beazley executive directors seeing the biggest drop in 2018. External-link [Insurance Day]

Devastation of Cyclone Idai calls for increased investment in infrastructure

The Red Cross has estimated 90% of the city of Beria, home to around half a million people, has been damaged or destroyed by this week’s cyclone, highlighting the need to improve key infrastructure in order to better withstand such catastrophes. External-link [Insurance Day]

UN calls for mariners to track ships to enforce sanctions

Marine insurers should be compelled to screen automatic identification systems transmissions for ships at risk of breaking international sanctions says the United Nations Security Council as it calls on governments to introduce legislation. External-link [Insurance Insider]

Modern offices stifle creativity

We need more solitude to foster innovation report creativity gurus, with open-plan offices and the hot desking culture reported to stifle thinking and new ideas. External-link [Financial Times]

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