As the world emerges from the COVID-19 pandemic, the insurance industry will not go back to business as usual. Rather, insurers are moving to face new risks and new regulations.
In this month’s Insurance News Analysis, Abby Compton and I talk about the steps insurers would like to see from the US and UK governments.
President Joe Biden issued two executive orders. mandates the creation of a Climate-risk strategy. The other needs government contracted IT service providers Share information on cyber incidents. Both have potential benefits and have potential compliance implications for insurers.
moves in the uk Allow self driving cars on roadways. There may be concern about the risks associated with autonomous driving technology. Either way, that technology is coming, and insurers need to prepare.
we also discuss Complications of Travel Insurance between changes in travel restrictions and some encouraging earnings report.
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