Analysis – Page 7
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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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Analysis
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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Analysis
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
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Analysis
Pandemic risk act enters US Congress
Like the Terrorism Risk Insurance Act (TRIA), federal government would serve as a backstop to maintain marketplace stability
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Analysis
FERMA calls for EU-wide NDBI resilience framework
The framework would respond to a range of catastrophic events, such as pandemic and cyber-attacks, that create severe non-damage business interruption losses
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Analysis
Covid-19 heralds hardest of hard markets
Few insurance classes are expected to emerge unscathed as markets harden in the wake of coronavirus - Insurance Times
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Analysis
Don’t damage trust, Airmic warns insurers
Insurers can “either interpret ambiguous contract wordings with their balance sheet in mind, or they can act as partners to long-standing customers”
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Analysis
Pandemic heightens terror risk - Pool Re
States weakened by the serious economic consequences of the pandemic will be more vulnerable to the emergence/resurgence of terrorist groups
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Analysis
Restart facilities with care - AGCS
20% to 30% of AGCS fire claims are related to the condition of electrical equipment and installations