Analysis – Page 7
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AnalysisLuke Carrivick appointed executive director of ORX
He replaces Simon Wills, who is stepping down after 18 years’ service in the role
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AnalysisAllianz Risk Barometer: Fallout from global crises dominates survey
Inflation, financial market volatility, a looming recession and the energy crisis are top risers for 2023
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AnalysisDavos: 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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AnalysisRoyal Mail ‘cyber incident’ causes widespread disruption
Ransomware attacks have risen sharply since Russia’s 2022 invasion of Ukraine
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AnalysisDemand 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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AnalysisRecession 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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AnalysisChartered IIA appoints Anne Kiem OBE as CEO
The need for professional internal auditors has never been more important, says Kiem
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AnalysisBanking 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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AnalysisCost 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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Analysis2022 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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AnalysisCommercial 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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AnalysisNearshoring 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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AnalysisUK 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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AnalysisJennifer 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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AnalysisWinter 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
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Analysis2023 to be one of Earth’s “hottest on record”
Mean temp rise up to 1.3°C above pre-industrial period as UK experiences its hottest year on record
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AnalysisOnly 20% of firms feel prepared for supply chain disruptions - study
Socio-economic changes and shifting consumer demands are among some of the challenges facing organisations
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AnalysisUnderinsured or underinformed?
Increasing numbers of business owners are underinsured for their commercial property – but is this a deliberate decision?
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AnalysisESG presents ‘significant exposure’ for D&Os
Fallout from a global recession, lax cyber security and an uptick in litigation are other key risk drivers for 2023
