Analysis – Page 28
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AnalysisStudy reveals true cost of ransomware
84% of firms are hit again after submitting to ransom demands; with data corrupted during the recovery for 43%
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AnalysisCOVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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AnalysisAXA France offers restaurateurs €300m BI settlement
Support package provides a lump sum indemnity settlement to cover the equivalent of 15% of 2019’s catering turnover activity
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AnalysisIoT is a supply chain risk "game-changer"
Aon’s vaccine insurance solution demonstrates the technology’s potential in the insurance market, says GlobalData
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AnalysisClaims shop window applauded for pandemic-driven innovation
Insurance Times editor Katie Scott explains why this year, celebrating claims excellence is all the more pertinent
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AnalysisAmrae: Cyber insurers in “vicious cycle”
Claims frequency and severity grew substantially between 2019 and 2020, outpacing cyber insurance premium growth
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AnalysisSocial engineering: Sophisticated and underinsured
Social engineering attacks are on the rise, but losses can pose a grey area where insurance is concerned
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AnalysisSedgwick predicts post-pandemic recall surge
Product recall events are on the rise despite ongoing operational challenges experienced by global car and OEMs
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AnalysisWorkplace reopenings present new risks
Long COVID, differing attitudes to social distancing and reluctance to return to the workplace are among the key challenges
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AnalysisAXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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AnalysisRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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AnalysisHail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing
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AnalysisFM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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AnalysisCloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube
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AnalysisPhysical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
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AnalysisHiscox cyber study suggests complacency
German firms were hardest hit by cyber attacks and ransomware is now commonplace, with one in six firms targeted
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AnalysisWTW launches climate transition risk framework
New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance
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AnalysisQ1 commercial insurance prices rose 18%
Quarter is the first to show a fall in the average rate of increase since Q4 2017; UK continues to lead with rate hikes of 35% - Marsh
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AnalysisFERMA welcomes ‘Open Insurance’ initiative
A more transparent commercial insurance market will have “tremendous value” for risk and insurance managers
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AnalysisGeneva Association urges action on pandemic backstop
Governments must take on role of insurer-of-last-resort in future pandemic risk solutions, finds thinktank
