Analysis – Page 19
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AnalysisEuropean winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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AnalysisThe risk of underinsurance posed by inflation
Brokers have a ‘real opportunity’ to showcase their value in the face of cost and supply chain pressures
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AnalysisFelixstowe strike to impact $800m in trade
The 8-day strike will add to current supply chain woes, with Maersk warning of a ‘significant impact’
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AnalysisAs wildfires rage, firms urged to prepare contingencies
Top business continuity and safety considerations include need for stand-fast alternatives and financial constraints
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AnalysisRussia and China behind majority of state-sponsored cyber attacks
The private sector suffered from 37 state-sponsored cyberattacks so far in 2022 as hackers target companies for monetary gains
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AnalysisFM Global offers policyholders $300m resilience credit
The credit will be applied as a 5% premium offset against policies with renewals between 1 October 2022 and 30 September 2023
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AnalysisNHS hit by massive ransomware attack
The latest attack on the NHS 111 system has been confirmed to be a ransomware attack on a managed service provider
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AnalysisEconomic stresses drive social unrest in LatAm
Some countries have seen as much as a tripling in social unrest on the back of increasing inflation
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AnalysisCyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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AnalysisGlobal commercial insurance rates up 9% in Q2
This is the 19th consecutive quarter of increases with cyber insurance pricing continuing to rise significantly
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AnalysisHowden to buy French broker CRF
It is Howden’s first acquisition in France since appointing Nicolas Aubert as CEO, Howden France
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AnalysisEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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AnalysisRussian gas cut off would backfire - Dragonfly
A short-term suspension is possible, but Russia is unlikely to risk losing a crucial revenue stream longer-term
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AnalysisEurope counts cost of extreme heat, drought and wildfires
In many parts of Europe, human-caused climate change has resulted in annual average temperatures rising by more than 1.5°C - Munich Re
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AnalysisLloyd’s, Aon examine long-term impacts of Ukraine conflict
Ability of businesses to diversify and ‘hedge’ portfolios and supply chains to reduce dependencies are key to minimising risk exposure
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AnalysisCalls for solar industry to mitigate fire risk
With the number of PV installations dramatically increasing around the world, the threat of fire is growing
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AnalysisJBA issues stark UK flood warning
Cost of severe flood events could rise by up to 42% by 2050 due to climate change
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AnalysisBlack Sea grain deal will ease supply bottlenecks
UN Secretary General Antonio Guterres has hailed the accord a “beacon of hope”
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AnalysisLack of affordable cover a ‘significant barrier’ to SME growth
The cost of insurance should not be excluded from the cost of doing business debate, says FSB director
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AnalysisWorld ‘unprepared’ for magnitude of cascading climate risks
As the intensity of heatwaves, storms and floods speeds up, so do the time horizons for rising global instability, warns Maplecroft
