week commencing 18/03/18:

With the announcement of the Brexit transition deal earlier this week, the nation has once again plunged into fierce debate. Never ones to shy away from intellectual discussion, we at Luther Towers have of course joined in with enthusiasm. Should the conversation get too fiery at the dinner table this weekend, we’ve collated our pick of highlights from the insurance sector to discuss instead…


Natural disasters push Lloyd’s further into loss for 2017
Cat losses in a year of natural disasters pushed Lloyd’s market to a £2 billion pre-tax loss in 2017, but even without these claims Lloyd’s underwriting result weakened compared to the previous year. External-link [Insurance Insider]


New Brexit continuity clause announced by XL Catlin
Following industry fears about the future of contracts during the Brexit transition, XL Catlin has introduced a new continuity clause on its policies. External-link [Insurance Post]


Arizona fatality brings pause to Uber’s AV programme
The death of a pedestrian in Arizona following a collision with an autonomous vehicle has led to Uber suspending all testing in the US. External-link [Strategic Risk]


Digital cover in the age of cyber warfare
Almost no part of the world’s insurance industry has grown as quickly as cyber cover in recent years. With insurers balancing the potential for growth against the financial consequences of large attacks, the debate about pricing rages on. External-link [Financial Times]


2017’s ‘legacy moment’ is still going strong
Signs of last year’s ‘legacy moment’ continuing unabated into 2018 are fully evident with new multi-million-dollar legacy portfolios regularly being brought to market. External-link [Insurance Insider]


Asian insurers eye future expansion in Australia
Australia could provide an attractive target market for Asian insurance companies as they look for growth and diversification opportunities in the next few years. External-link [Insurance Business Magazine]


How AI is boosting the evolution of the insurance industry
With new technologies and their applications emerging all the time, the industry is being forced to adapt – even as tech efficiencies start to herald job losses. External-link [Telegraph]


Opinion: the controversies of the Brexit transition deal
The long-awaited and hard-fought Brexit transition deal was published earlier this week and, predictably, not everybody was pleased. Laura Board weighs in on the nation’s biggest debate of the year so far and the implications for the insurance sector. External-link [Insurance Insider]


How to fix the Facebook fallout
Facebook has endured one of the worst weeks in its history amid the ongoing Cambridge Analytica data usage scandal. With regulatory bodies and governments on both sides of the Atlantic piling on pressure, how should the company and the wider industry react? External-link [The Economist]


Note:

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