Analysis – Page 6
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AnalysisInsurer CNA hit by cyber attack
The insurer, which underwrites cyber insurance via subsidiary CNA Hardy, said the “sophisticated” attack on 21 March caused network disruption
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AnalysisOECD: Insurers need “skin in the game” on pandemics
Insurance sector needs to play more active role in future pandemic solutions, says OECD secretary-general Angel Gurría
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AnalysisZurich launches resilience unit for emerging risks
It will include services in the areas of climate change, supply chain and cyber risk management
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AnalysisCOVID-19: Financial services firms seek resilience
The concept of operational resilience has grown as a result of the pandemic - global study
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AnalysisWTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure & hospitality, manufacturing, retail and transportation sectors
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AnalysisCaptive formation picks up in Guernsey
The jurisdication expects to see a “significant rise” in 2021 against the backdrop of a hardening commercial insurance market
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AnalysisLack of strategic vision on cyber fraud
Poor protection of vulnerable people and inefficient information sharing are hampering efforts to tackle cyber fraud
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AnalysisAirmic contributes to UK resilience debate
Country is vulnerable due to “the absence of risk assessment across sectors and organisations” and “diminishing influence on the global stage”
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AnalysisEIOPA moots multi-peril risk pools
Capital markets could be an additional layer of risk transfer to improve society’s capacity for bearing business interruption risk
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AnalysisSpanish snowfall claims to reach €1.8 billion
Storm Filomena brought wintry conditions and cold temperatures not seen in Spain in two decades - Impact Forecasting
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AnalysisLloyd’s launches systemic risk initiative
The COVID-19 pandemic has highlighted gaps in the knowledge, understanding, and mitigation of systemic and black swan risks
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AnalysisLloyd’s offers AI-enabled reputational risk cover
Product helps mitigate the risk to profitability posed by reputational crises and offers real-time threat insights
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AnalysisFCA: thousands of firms “at heightened risk of failure”
A market downturn driven by the pandemic risks significant numbers of financial firms failing, warns UK regulator
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AnalysisInsurance hikes could be "nail in the coffin"
Mactavish expects rates to continue to rise in 2021 and says that some companies will be unable to pay for their cover
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AnalysisGlobal GDP to grow by 4.7% in 2021
Amid uncertainty over the COVID-crisis, public policy should focus on sustainable infrastructure development and inclusive growth - sigma
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AnalysisSilent cyber: Can you hear it?
With events such as WannaCry classified as a cyber catastrophe event, silent cyber issues have developed into coverage disputes
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AnalysisGlobal insurance pricing up 20% in Q3
All regions, except Latin America (9%), reported double-digit pricing increases, led by the UK (34%), Pacific (33%), and the US (18%) - Marsh
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AnalysisAccenture and MIT create supply chain resilience stress test
The new standard will assess a global supply chain’s ability to mitigate the impact of disruptive events
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AnalysisGVNW’s Mahnke urges insurers not to burn bridges
GVNW chair Dr Alexander Mahnke says insurers risk undermining relationships with their commercial buyers
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AnalysisInsurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
