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Insurance News​The UK pharmaceutical sector is poised to outperform its European counterparts in terms of growth, but persistent productivity challenges could impede progress and profitability, according to new research by QBE. QBE’s latest report on the UK life sciences sector projected that pharmaceutical output would increase by 4.1% in real terms in 2023. (Mika Pangilinan, 13/7/2023, Insurance Business UK, 'UK pharmaceutical sector poised for growth but challenges loom – QBE report')Specialist insurance provider CFC has announced the launch of an innovation facility aimed at developing and underwriting products under the Lloyd's "ICX" innovation risk code. The facility, led by the CFC 1988 syndicate, will utilize CFC's unique innovation approach to explore underwriting opportunities while managing downside risk, the company said. (Steven Byerley, 13/7/2023, Insurance Business UK, 'CFC unveils innovation facility')​Global broker WTW has announced that it will integrate climate data into its broking property renewals, a move that aims to help clients assess their long-term risks associated with their property portfolios and develop effective risk management strategies. The inclusion of climate data will enable clients to evaluate future exposures to climate change, WTW said. By analysing a range of climate indicators, companies can gain insights into how climate change may impact their portfolio by 2050. Some key indicators include extreme heat, rainfall, and fire weather risk. Assessing these indicators can help organisations contextualise climate change and its potential effects on their property assets. (Steven Byerley, 11/7/2023, Insurance Business UK, 'WTW to add climate data in broking property renewals')Blink Parametric is looking to hire 30 colleagues, the majority of which will be based in the insurtech’s new European Union headquarters in Cork. Unveiling the new City Quarter office on Monday, Blink Parametric said the vacancies span presales, full stack

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