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Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. These attacks caused a five-year high of $12.5 billion in losses, with investment scams making up $4.57

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Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. March 2010: Launch of LMI Mobile Under-insurance Calculator, believed to be the world’s first iPhone application for the insurance industry. May 2012: LMI launch PolicyComparison.co.uk

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Piracy Incidents Decline, But Horizon Isn’t Clear

Triple-I: Business Insurance

Source: International Chamber of Commerce/International Maritime Bureau (IMB) Many people outside the maritime and insurance industries don’t realize that piracy remains a costly peril in the 21 st century. Global insurer Zurich estimates the annual cost of piracy to the global economy at $12 billion a year.

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The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. As we inch closer to 2025, several trends are emerging that promise to reshape the landscape of business insurance. By the 20th century, the insurance industry began to reflect broader societal shifts.