All insurance articles – Page 23
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AnalysisBoards have “fragmented” approach to cyber risk - WEF
Boards have made gains in recent years by recognising cyber as an enterprise risk, but greater resilience is needed
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AnalysisKessler: 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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AnalysisFitch: Insurers are “green economy enablers”
The ability to channel investment into sustainable projects is viewed as a sizeable growth opportunity for the insurance sector
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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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AnalysisGoogle offers cloud cyber risk protection
Google Cloud partners with Munich Re and Allianz Global Corporate & Specialty to provide cloud specific cyber insurance
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AnalysisInsurers must cater to emerging cyber risks
A panel of cyber insurance experts discussed potential risks surrounding IoT products and upcoming technologies
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AnalysisGreensill crisis threatens steel supply chain
Greensill Capital is the main source of supply chain finance for steel tycoon Sanjeev Gupta
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AnalysisUS winter storm claims to exceed $10 billion
In Texas, claims could surpass Hurricane Harvey, with rolling power cuts hitting manufacturing and energy firms, according to AIR Worldwide
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AnalysisABI: Insurers took reputational hit on COVID
Speaking at the association’s virtual conference, director general Huw Evans said the industry had to ”learn the lessons” from the FCA test case
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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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OpinionNDBI: Exposed and unprotected
Caroline Woolley explains why it’s much better to play ‘let’s pretend you have a loss’, than trying to deal with expectation gaps after an event
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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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AnalysisBI take-up drops after claims rejections
The UK supreme court business interruption ruling “may save insurers’ reputations” in long run - survey
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AnalysisUK firms underinsured for flood risk
Nearly three quarters of businesses are aware of their flood risk, but less than half have comprehensive flood cover
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AnalysisD&O protection gap grows as rates soar
Escalating premiums and lack of capacity could see firms refusing to purchase or reducing cover, leaving senior professionals on the hook for claims
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Analysis2020 nat cat tally hits $78 billion
Hurricane Laura caused an insured loss of $8 billion to 9 billion, the largest weather-related loss event - Willis Re
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AnalysisCommercial insurance rates rise 22% in Q4 2020
Nearly all regions reported double-digit price increases, led by the UK (44%), Pacific (35%), and the US (17%)
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AnalysisHard market drives captive usage
Airmic urges insurers and brokers to place a stronger emphasis on claims capabilities at renewals
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AnalysisIn 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
