Kleiterp says IPs not up to scratch and in need of rebooting

Kleiterp says IPs not up to scratch and in need of rebooting

Kleiterp says IPs not up to scratch and in need of rebooting

Fred Kleiterp, regional CEO, EMEA at Swiss Re Corporate Solutions, says the existing customer experience with global programmes is still not “up to scratch” and needs to be rebooted to help risk managers deal with the currently highly volatile and uncertain modern global economy. In a recent blog post, Mr Kleiterp argues that technology provides the answer to tackling the…

Where was the coordinated approach to Covid-19?

Where was the coordinated approach to Covid-19?

Where was the coordinated approach to Covid-19?

One of the challenges of the Covid-19 pandemic was the speed with which it happened, but the different approaches and reactions from governments around the world caused huge challenges for business, according to a group of risk managers in Switzerland, meeting as part of our Risk Frontiers Europe 2020 survey. David Howells, director, group risk management at Tetra Laval, summed…

Insurance cannot pick up pandemic bill, so risk managers must step up

Insurance cannot pick up pandemic bill, so risk managers must step up

Insurance cannot pick up pandemic bill, so risk managers must step up

While many around the world have looked to their insurance policies to cover the costs of the Covid-19 pandemic, a group of Swiss risk managers taking part in our Risk Frontiers Europe 2020 survey agreed that it was completely unreasonable to expect insurers to foot the entire bill. But work was needed to determine exactly how insurance may respond and,…

Market to harden further

Market to harden further

Market to harden further

wiss insureds will continue to see insurance premiums rise for the foreseeable future, warns Edoardo Leusciatti, partner at SRB Assekuranz Broker AG, a Brokerslink partner in Switzerland. There have only been a few lines of business (LOB) where coverage applied for Covid-19, Edoardo Leusciatti, partner at SRB Assekuranz Broker AG, Brokerslink Partner in Switzerland tells Commercial Risk Europe. “This includes…

Swiss Re Corporate Solutions’ IPA platform gives access to German insurer

Swiss Re Corporate Solutions’ IPA platform gives access to German insurer

Swiss Re Corporate Solutions’ IPA platform gives access to German insurer

Swiss Re Corporate Solutions is set to provide access to its International Programme Administration (IPA) platform and network services to German insurer Württembergische Versicherung. Swiss Re Corporate Solutions has signed a memorandum of understanding with Württembergische Versicherung to configure its IPA platform for its first insurer in Germany. Swiss Re Corporate Solutions said the collaboration enables Württembergische Versicherung to pursue…

Risk managers unlikely to forget insurers that fail to deliver at renewals

Risk managers unlikely to forget insurers that fail to deliver at renewals

Risk managers unlikely to forget insurers that fail to deliver at renewals

The approach being taken by many insurers in the hard market is proving challenging, threatening long-term relationships and likely to cost insurers dear in the longer term, warned a group of Swiss risk managers taking part in our Risk Frontiers Europe survey. Insurers across the world have been crystal clear that they want to increase the cost of commercial insurance,…

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

The global P&C insurance industry produced another underwriting profit last year and a combined ratio of 97.4%, according to Aon’s 15th annual Insurance Risk Study. The figure is a slight improvement on the 98% combined ratio in 2018 and was buoyed by an overall 95.5% combined ratio in Europe. Asia-Pacific and the Americas each averaged 98%. The combined ratio was…

Swiss Re to reorganise legal entity structure of Corporate Solutions unit

Swiss Re to reorganise legal entity structure of Corporate Solutions unit

Swiss Re to reorganise legal entity structure of Corporate Solutions unit

Swiss Re has announced that it intends to reorganise the legal entity structure of its Corporate Solutions business unit. It said this, together with the announcement in June that the Life Capital business unit will be disbanded, represents a further streamlining of the legal entity structure of the group. According to Swiss Re, as part of the changes, the group…

TMF Group’s index highlights global business complexity

TMF Group’s index highlights global business complexity

TMF Group’s index highlights global business complexity

Curaçao, Israel and the US are among the simplest jurisdictions in terms of their legislative environment, while Indonesia tops the list as the most complex, according to TMF Group’s Global Business Complexity Index 2020. The index is generated from an in-depth survey of TMF Group’s in-market experts in 77 jurisdictions. The index shows there is significant global variation in the…