A new report from the World Economic Forum identifies the biggest risks facing the world – and the important role insurance can play in mitigating them.
Risk expertise and analytics provided by Lloyd’s insurer Amlin is helping Formula E race team Amlin Aguri develop a winning strategy, according to Peter McCool, Technical Director of Amlin Aguri.
The insurance industry needs to adopt more innovative thinking and forge collaborative partnerships with governments and other service providers if it is to solve the problem of underinsurance, according to a new report from industry think-tank, the Geneva Association.
By opening its doors to private energy investment Mexico is expected to boost demand for specialist (re)insurance.
Lloyd’s syndicates have provided an innovative solution to the problem of getting damaged ocean-going racing yachts and their crews home safe and sound, a solution now being used by teams taking part in the Volvo Ocean Race.
As driving becomes more computerised, what are the potential associated cyber vulnerabilities and how might they be exploited by hackers?
Lloyd’s is providing specialist insurance to the FIA Formula E Championship, an exciting new all-electric motor racing sport that kicks-off in Beijing this weekend.
When the plight of 33 miners trapped underground at the collapsed San Jose copper-gold mine in Chile became a global news sensation in August 2010, it brought public attention to safety risks in the mining industry.
The US medical professional liability landscape is currently in a state of transition. Lloyd’s underwriters are set to play a bigger role across the pond following the launch of two specialist underwriting platforms in the US.
Fast forward to 2025 and it is estimated that China will have 221 cities with over one million inhabitants and an urban population of one billion, according to McKinsey.
A British team led by Olympian Sir Ben Ainslie is on course to challenge for The America’s Cup, one of the world’s toughest sailing events, a process that will require first rate risk management and insurance.
Under government plans the UK could have its first space port up and running by 2018, supporting the development of a new-breed of low cost spaceplanes that can take tourists to very high altitudes and orbit satellites into space.
As every aspect of life and business becomes digitised, so too does our ability to understand how individual events relate to each other and this will change the way we live.
As sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers.
Sustained economic growth and the introduction of open market policies are creating new opportunities for foreign insurers to diversify their interests in Colombia.
As China's wealth and consumerism grow, so too does its demand for insurance to protect assets - from homes and cars to works of art, jewellery and fine wine.
The FBI puts the worldwide cost of crimes linked to art at nearly $4bn a year – eclipsed only by the drugs and arms trades. And yet fewer than half of stolen works are insured.
Soon, billions of objects will have their own IP address. And this connected world could turn insurance models on their heads.
They’re a daily occurrence, and while the mildest tremors go unnoticed, the most violent tear the countryside apart, reduce cities to rubble and generate terrible personal and economic losses. Better buildings, infrastructure and emergency responses all play a key role in mitigating earthquake risk.
With the 2014 World Cup now behind us, how did our insurable value measures fare as predictors of success on the pitch?
Pro-cyclists are among the hardest of all athletes to insure, but that doesn’t deter Lloyd’s specialist underwriters.
As the world grows ever more dependent on satellite technology, space operators are beginning to face up to an increasing threat from cyber attacks, according to Denis Bensoussan, Head of Space at Beazley.
Big sporting events can mean big money for advertisers and sponsors. But with the costs of potential scandals involving premiership footballers and other leading sports celebrities, these campaigns can come at a price.
Race-goers and tennis fans will be praying for good weather in the next few weeks as the British summer sporting calendar gets into full swing with Royal Ascot this week and Wimbledon on Monday.
Construction underwriters ready their capacity for the UK’s 40bn high-speed rail network.
Lloyd’s has predicted that based on insurable value, Germany has the most expensive team competing in the 2014 FIFA World Cup and therefore should come away with the prize in Rio.
Asian Development Bank (ADB) focused on Asia's natural catastrophes exposures in a recent report, calling on Lloyd's research to voice its concern about the region's high level of underinsurance.
Errors and omissions liability can be so costly for technology companies as to be catastrophic. A new consortium at Lloyd’s has brought together the capacity and claims expertise designed to help businesses protect themselves against an E&O bombshell.
The first-ever African catastrophe insurance pool has been launched to cover drought losses in five countries, with the hope that it will expand over time to encompass more of the African countries within the World Food Programme.
Mega infrastructure and energy projects in the Middle East and North Africa (MENA) have been grabbing the headlines, creating opportunities for insurers and reinsurers.
A raft of environmental regulation around the world, the increasing cost of remediation and high-profile environmental accidents: these are some of the reasons why risk managers regularly cite environmental liability as one of the emerging risks keeping them awake at night.
As wearable devices become a reality, lloyds.com considers the likely data and privacy implications for businesses.
The application of emerging autonomous technologies could see self-driving cars, futuristic flying machines and other robotic devices become part of our daily lives within a few decades. However, legal and regulatory changes, as well as new insurance products, will be needed to make this vision of the future a successful reality, according to a new Lloyd’s report.
Using satellite information to better understand and monitor natural catastrophes has gained pace in the insurance industry in recent years. This is, in part, thanks to a reduction in costs and a growth in understanding of the benefits.
As the green shoots of economic recovery have started to show in key markets like the UK and US, demand for mergers and acquisitions (M&A) insurance has been rising.
Cybercrime is on the increase, but an increasing awareness of the problem is expected to drive demand for more specialist insurance.
Unforeseen production delays due to cast injuries, damaged equipment, accidents and natural disasters can spell disaster for a film’s bottom line, according to a Lloyd’s panel debate at FILMART, Asia’s largest film trade show.
Well-built infrastructure underpins resilient economies, but the quality of construction practices vary across the globe. As an increasing number of emerging markets embark on ambitious infrastructure plans, insurers have a key role to play in safeguarding standards.
The key to remaining resilient and keeping brands and reputations intact is responding quickly and appropriately, according to a recent report from Airmic.
Recent extreme weather in the UK – the wettest winter since Met Office records began in 1912 - has disrupted a number of events. However, specialist event insurance will have softened the blow for many of those with cover.
A severe flu pandemic could cost 4.8% of global GDP – or more than $3tn, according to the World Bank. The statistic is a sobering reminder that, beyond the deadly human toll, pandemics pose a serious economic threat – and preventing them should be a priority, not just for health and agriculture experts, but for insurers too.
80 years after Lloyd’s pioneered directors and officers insurance in the US, Lloyd’s syndicates Beazley and Hiscox have joined forces to form a D&O consortium that is designed to enable the provision of higher limits of insurance to US clients faced with litigation risks.
The UK construction sector is seeing its fastest increase in commercial work since August 2007 – a sign that it may finally be out of the doldrums and a positive indicator for underwriters.
Technical advancements and regulatory changes could see many more unmanned aerial vehicles (UAVs) taking to our skies in years to come, but Lloyd’s underwriters are already insuring this fledgling technology.
High profile skiing accidents have refocused attention on the potential hazards associated with winter sports and the importance of taking appropriate safety measures.
The Chinese Year of the Horse is upon us, and with it comes the release of numerous commemorative coins cut from precious metals. We speak to the broker that places insurance at Lloyd’s on behalf of one of the UK’s leading bullion merchants.
The insurance industry’s ability to model the potential impact of natural disasters around the world has been advanced by the launch of an open source framework that’s backed by Lloyd's and a community of well-known (re)insurers and brokers.
Predicted to cost $50bn, the 2014 Winter Games in Sochi, Russia, will be the most expensive in Olympics history. We explore the complexities of providing cover for this type of large-scale sporting event.
From the procurement of the steel to pumping the first gas, Lloyd’s is leading the insurance of Shell’s pioneering liquefied natural gas (LNG) facility, Prelude.