Thu, 12th Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 12th Sep 2024" was published on September 11, 2024.

September 11, 2024 · Insurance News Wrap

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Summary

This week's podcast covers significant changes in both motor insurance and cybersecurity. The rise of autonomous vehicles means a different insurance landscape, shifting from driver liability to product liability due to the technology involved. By 2030, it is predicted that half of all new vehicles will be both electric and self-driving. New cybersecurity firm, Coalition Re, is providing insurers with a detailed understanding of cyber risks in their portfolios, and precise pricing for non-proportional reinsurance contracts, whilst providing a range of risk mitigations tools. The podcast also emphasises the importance of understanding every detail in insurance policies, citing cases of rejected claims due to overlooked information or inadequate coverage. As always, Financial Services Online advises viewers to keep their insurers informed of any changes and to carefully examine their policies.n

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