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The Age of Interconnected Risks How Interdependencies Are Shaping the Next Generation of Systemic Crises Executive Perspective
The global economy is entering an age of interconnected risks. Public debt, slowing productivity growth, demographic ageing, climate change, concentrated critical infrastructure, rapid digitalisation, artificial intelligence and geopolitical tensions are no longer isolated sources of risk. They are increasingly connected through complex economic, financial, technological and social interdependencies.
New German Federal Court Ruling on Motor Vehicle Comprehensive Insurance: How to Avoid Unexpected Repair Costs
Germany’s Federal Court of Justice (Bundesgerichtshof – BGH) has clarified that policyholders with comprehensive motor vehicle insurance (Kaskoversicherung) may be personally liable for excessive or unnecessary repair costs. The German Automobile Club (AvD) therefore recommends that policyholders agree on the expected repair costs with their insurer before authorizing any repairs.
U.S. Bill Seeks to Make Staged Auto Insurance Fraud a Federal Crime
In the latest developments in the international auto insurance market, Insurance Journal, a leading insurance publication, reports that bipartisan legislation has been introduced in the U.S. Congress to make insurance fraud involving deliberately staged motor vehicle accidents a federal crime.
The global auto insurance market continues to face significant profitability challenges.
The latest data from South Korea’s Financial Supervisory Service (FSS) show that the country’s auto insurers returned to underwriting losses after six years of profitability.
Pezeshkian Proposes Establishment of a Joint BRICS Reinsurance Company
Iranian President Masoud Pezeshkian has called for stronger intra-BRICS trade, greater use of national currencies, expanded joint financing mechanisms, integrated trade infrastructure, and enhanced cooperation in the digital economy and reinsurance sector.
How to Reduce Home and Auto Insurance Costs
In a recent article published by Kiplinger, David Rodeck, with contributions from Rachael Green, examines the significant rise in home and auto insurance premiums in recent years.
Road Safety - What the demographics tell us
According to the Council of Bureaux (COB), road deaths are not evenly distributed across different demographic groups. Data analysed by COB shows significant differences in road-fatality risks depending on sex, age and mode of transport.
BAC Limits Vary Significantly Across the Green Card System
According to a comparative review by the Council of Bureaux (COB), blood alcohol concentration (BAC) limits vary considerably across the Green Card System.
38,854 Road Lives Lost Across the Green Card System in 2024
According to new research by the Council of Bureaux (COB), 38,854 people lost their lives in road traffic accidents across the Green Card System in 2024. This marks the first time COB has compiled and calculated total road fatalities across the entire Green Card Area, using national data sources for countries outside the European Economic Area.
Autonomous Vehicles and the Future of Motor Insurance An article by Mauro Carli, Senior Equity, Insurance and Asset Management Research Analyst at Lombard Odier
The rapid development of autonomous vehicles is expected to create both significant challenges and strategic opportunities for the global motor insurance industry. Although the timing and speed of this transformation remain uncertain, the long-term trend is clear: the traditional motor insurance market is likely to shrink as autonomous driving becomes more widespread.