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On January 15, 2021, the UK Supreme Court issued its widely anticipated decision in the Financial Conduct Authority’s business interruption (BI) test case. Learn about the reinsurance implications of the case from Guy Carpenter’s experts.
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed.
David Priebe, Chairman, Guy Carpenter, highlights how, while the industry is facing a range of new risks in 2021, it is presented with new opportunities. He discusses the key industry themes for 2021, including the development of COVID-19 losses and settlement of claims, consistency around communicable disease and cyber wordings and exclusions, climate change impact, protection gap assessments and solutions, capital and technology.