Analysis – Page 9
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Analysis
Davos: Pressures on food, energy and inflation may be peaking
But growth prospects remain “bleak” in Europe and geopolitical tensions will continue to shape the global economy
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Analysis
Royal Mail ‘cyber incident’ causes widespread disruption
Ransomware attacks have risen sharply since Russia’s 2022 invasion of Ukraine
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Demand for BII shoots up after COVID test cases
Insurance class to see a period of “growth and stability”, but appetite for pandemic cover remains muted
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Analysis
UK’s Net Zero Review calls for business incentives
Firms must be encouraged to invest in decarbonisation, says review, as IoD asks for leadership from government
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Analysis
Recession to prompt rise in claims and disputes
Law firm cites climate change, ESG and cyber exclusions as key sources of concern for insurers
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Analysis
Cost of living crisis triggers a “pandemic of fraud”
The imminent recession is acting as a ’breeding ground for fraudulent claims’ - survey
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Analysis
Chartered IIA appoints Anne Kiem OBE as CEO
The need for professional internal auditors has never been more important, says Kiem
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Analysis
Banking CROs face ‘torrent of interwoven complexities’
Cybersecurity is the main risk globally for three out of four banking CROs, while geopolitics tops concerns for those in Europe
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Analysis
Cost of living crisis tops WEF Global Risks 2023
Geopolitical rivalries and inward-looking stances will heighten economic constraints going forward
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Analysis
“Hopes of a Net Zero future are fading” - WEF Global Risks
We are heading towards ”a slower and more disorderly climate transition” as short-term crises take precedence
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Analysis
Regulators to clamp down on greenwashing
Greenwashing allegations are becoming more common, and this trend is expected to accelerate, warns Clyde & Co
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Analysis
2022 nat cats set records with $270 billion in losses
Europe’s summer of extremes resulted in costly wildfires, hailstorms and business and trade disruption
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Analysis
Brazil protests draw comparisons to US Capitol riots
The storming of key government sites by Bolsonaro supporters, reconfirms the country’s political fractures
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Analysis
Commercial insurance rate hikes continue
Insurance pricing rose by an average of 5.7% in 2022, the sixth consecutive year of rate increases
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Analysis
Nearshoring is happening faster than expected
Apple, GM and Boeing lead the trend as US-based corporates source suppliers closer to home
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Analysis
UK leads recession for the Eurozone in 2023
The UK economy is set to shrink by 0.9% compared to the Eurozone - which is predicted to shrink by 0.4% - Allianz Trade
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Analysis
Jennifer Santiago named RIMS 2023 President
Kevin Bates is named RIMS secretary and David Arick and Kristen Peed become vice president and treasurer respectively
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Analysis
Directors feel more confident as new year dawns
The IoD Directors’ Economic Confidence Index rose slightly, but remains low after three years of shocks
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Analysis
Facebook’s Meta hit with hefty GDPR fines in 2022
EU businesses were fined over €830m for GDPR violations in 2022, with Meta paying over 80%
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Analysis
Winter storms cost insurers $4.2 billion in 2022 - CRESTA
Weather-related catastrophes again dominated insurance industry losses in 2022, with three major events in Europe