Analysis – Page 6
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Analysis
Kessler: Pandemic risk was ignored
Decisions-makers have “been making things up as they go along” and the “failings of public risk management are plain”, accuses SCOR CEO
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Analysis
Amrae: Risks rising for 46% of firms
89% have faced at least one risk that has threatened to destabilise their organisation in the past 12 months - QBE France
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Analysis
In support of a green economy
Europe suffers from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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Analysis
Insurers complicit in ransomware rise - warning
Insurers are inadvertently funding organised crime by covering ransom payments, says former NCSC chief
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Analysis
Howden: Better risk transfer solutions needed
COVID-19 has brought the growing ‘intangibility’ of risk into focus, a trend that will accelerate
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Analysis
Wide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
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Analysis
COVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
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Analysis
Terrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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Analysis
Cyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
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Analysis
Cyber protection gap widening
Flattening market trend is “at odds” with a heightened threat environment - Guy Carpenter
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Analysis
Eurozone to benefit from reshoring - sigma
Global supply chains are undergoing fundamental and accelerated restructuring, with re-shoring a growing trend in Europe
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Analysis
Lloyd’s targeted by climate campaigners
Protests outside the Lloyd’s market reflect growing pressure on the insurance industry to take action on heavy polluters
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GVNW and German brokers call for state-backed pandemic solution
German risk and insurance association teams with brokers to call for a government-backed pandemic solution
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Analysis
Beirut explosion, 5 years on from Tianjin
The large blast in Beirut, Lebanon is expected to result in a significant insurance event as the death toll and casualties from the explosion continue to rise.
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Analysis
Nat cats cost global economy $75 billion in 1H 2020
Insurers paid out $30+ billion due to natural catastrophes in the first six months of the year
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Analysis
Firms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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Analysis
Airmic welcomes Lloyd’s recovery proposals
Proposals include solutions for non-damage business interruption and systemic catastrophe events
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Infrastructure to drive growth post COVID - sigma
There will be strong growth in investment in renewable energy, smart and resilient infrastructure
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Analysis
US riots a “catastrophe” event - PCS
The riots have become the first PCS-designated riot catastrophe event covering more than one state
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Analysis
UK Pandemic Re group appoints Amber Rudd
Jon Dye, chairman of ABI and CEO of Allianz Insurance, has also agreed to join the UK Pandemic Re Steering Group