With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
The Move to a Standard Energy Market Questionnaire
Some underwriters describe current Energy insurance market conditions as the perfect storm with a large amount of capacity chasing a lower level of business so a disciplined underwriting approach is essential. In a softening market, in particular, risk selection is key and good quality data is essential to enabling underwriters to make risk selection decisions in a timely and consistent fashion.
In the article that follows, Russell Group MD Suki Basi outlines the need for the energy sector to establish a standard questionnaire to aid in the understanding and modelling of underlying Energy exposures at the time of risk selection. Click here to upload the article, which originally appeared in Marine and Energy Risk magazine.