Analysis – Page 6
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Analysis
Risk is essential to an enterprising economy - UK Economic Secretary
The government must create the “right regulatory environment” to allow insurers and brokers to innovate
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Global nat cat losses surpassed $313 billion in 2022 - Aon
Windstorm Eunice was the costliest individual European windstorm since 2010, with droughts also causing severe impacts
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Ferma urges Swedish Presidency to address cyber protection gap
Risk association calls for focus on cyber and sustainability protection gap to bolster EU competitiveness
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Parametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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How short-term challenges are impacting the net-zero transition
Charles Sincock explains how global risks are altering our journey to net zero and what this means for businesses
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Zurich teams up with South Pole to support clients’ net zero goals
‘Demand for climate resilience services has grown exponentially in recent years’, says global head
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Swiss Re CorSo promotes CRO Arquint to EMEA CEO
She replaces Fred Kleiterp, who is leaving the company to become European general manager at Beazley
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Food and fuel top global cargo thefts
Thefts from hijacking have fallen as a proportion of cargo theft; these are now second to theft from facilities
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Cyber war endorsements could invite innovation
Credentials stolen via phishing remains the most common cyber attack vector for businesses
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Business leaders caught in “onslaught of interconnected risks”
Economic concerns top Aviva’s risk index, as net business confidence in the UK economy plummets
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Emerging risk must be the responsibility of all
Insurance sector must ‘stay curious and think ahead’ to cope with emerging risks, rather than simply passing the buck to other industries
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‘Green shoots’ as insurance pricing begins to soften - Airmic
The pace of increase in directors’ and officers’ liability insurance premium rates is slowing
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IoT explosion presents massive (and growing) cyber exposure
Just 4% of experts worldwide are “confident” that connected devices are properly secure, warns WEF
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Allianz 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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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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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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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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Franck Baron to step down as Parima chair
He has become president of the International Federation of Risk and Insurance Management Associations
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Crowe names Alex Hindson head of sustainability
He joins from insurer Argo Group, where he was chief risk and sustainability officer