Analysis – Page 7
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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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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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AnalysisCost 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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AnalysisFranck 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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AnalysisCrowe names Alex Hindson head of sustainability
He joins from insurer Argo Group, where he was chief risk and sustainability officer
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AnalysisMake 2023 the year of zero trust
Uber, Optus and Medibank are cautionary tales in corporate network access, writes MyCena’s Julia O’Toole
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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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AnalysisChubb launches dedicated climate transition unit
The unit brings together traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering
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AnalysisWhy cyber is the biggest risk for 2023
Cyberattacks in Europe have been growing steadily, but the insurance capacity crunch continues
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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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AnalysisUK’s Pool Re welcomes new duty of care Law
Locations with a capacity of 800 or over will require a risk assessment and implementation of a security plan
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AnalysisAGCS launches dedicated ESG division
Gabrielle Durisch will join from Zurich Insurance Group in April 2023 as global head of ESG & Sustainability Solutions
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AnalysisNuclear verdicts show no sign of slowing
Drivers include rising corporate mistrust, growth in litigation funding and fake advertising
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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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AnalysisInsurance sector ‘perfectly positioned’ for carbon removal action
Swiss Re’s senior risk manager advises underwriters to not be ‘scared’ of providing cover for carbon removal
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AnalysisInsurer targeted over controversial Adani coal project
Activists received a tip-off that Probitas1492 is insuring the Adani Carmichael’s thermal coal project rail line, haulage operation and port
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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
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AnalysisDemand for contract frustration grows as economy deteriorates
Cost of insurance against defaults on sovereign debt jumps by 102% as corporates also seek cover for cancelled contracts
