Lloyd's warns on liability risk accumulation

Lloyd's has urged insurers to make greater use of data
analytics as it warned of the catastrophic potential of emerging
science-based liability risks.
In a new report published in collaboration with liability
catastrophe modelling company Praedicat, Lloyd's said there has
been a longstanding problem of insuring commercial liability amid
technological and scientific change.
Science-based risk can lead to liability catastrophe, as seen
with asbestos, Lloyd's noted, but to date the insurance
indust