All risk news articles – Page 48
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AnalysisInsurers on the hook for up to $80 billion in COVID claims
Total claims could exceed those of 9/11, underscoring the need for a government backstop - Willis Towers Watson
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AnalysisCOVID-19 will change risk management - IRM
The future will see a sharper focus on resilience and strategic risk management, predicts survey
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AnalysisFCA seeks “clarity” on business interruption claims
Insurers given up to six months to reassess whether their products are still offering value to customers
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AnalysisCOVID-19 biggest shock to the global energy system since WWII
”Energy industry that emerges from this crisis will be significantly different from the one that came before” - IEA
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AnalysisDigitisation can mitigate supply chain disruption - study
Companies and solution providers will need to integrate previously siloed areas of supply chain management
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AnalysisHow to avoid restart risks
Pre-start up safety reviews can help reduce losses when idle facilities are put back into operation - Swiss Re Corporate Solutions
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AnalysisRIMS calls for pandemic risk insurance program
91% of RIMS members are supportive of a TRIA-type program for insurance claims relating to losses resulting from a pandemic
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AnalysisCOVID-19 to fuel rise in data breaches
Analysis reveals a 227% increase in coronavirus related fraud cases reported to the UK’s NECC
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AnalysisAXA XL offers virtual risk assessment
Tool will highlight potential new risks as manufacturers adapt their businesses during the pandemic
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AnalysisCybercriminals profiting from COVID distraction
There are increasing aggregation risks associated with the shift towards remote working, warns AIR Worldwide
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AnalysisIs blockchain the solution for broken supply chains?
Resilience of supply chains “can be improved” through the deployment of blockchain technology - World Economic Forum
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AnalysisWTW launches cyber marine cover
Product includes business interruption cover in the event of a cyber incident that disrupts operations
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AnalysisInsolvency risks soar amid COVID crisis
Virgin Australia has become one of the biggest casualties of the COVID-19 outbreak so far
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AnalysisCOVID-19 will “enhance protectionism” - Control Risks
Companies will be pressured to ‘onshore’ their supply chains, predicts Charles Hecker
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AnalysisBI claims present an “existential threat” - Willis Re
Estimates the global reinsurance sector will take a $30 billion hit to its capital base from COVID-19
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AnalysisAirmic welcomes pandemic steering group
“It’s really important we learn the insurance lessons of the current pandemic” - John Ludlow
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AnalysisChubb’s Greenberg warns against retroactive BI payments
Evan Greenberg warns against ”self-inflicted harm from government attempts to force insurers to retroactively pay uncovered business interruption claims”
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FeaturesSpotlight on business interruption insurance
The COVID-19 outbreak has laid bare the limitations of business interruption insurance, with companies across the globe discovering gaps in coverage
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AnalysisUK insurers set up pandemic steering group
The move has invited criticism; Mactavish says the ”sector has failed in its response to coronavirus”
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Analysis80% of boards unprepared for COVID-19 - EY
Just a fifth surveyed before pandemic said firms were ’very prepared to respond to an adverse risk event’
