All News articles – Page 2
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NewsBI and pandemic top Allianz Risk Barometer 2021
Pandemic is a “reminder that risk management and business continuity management need to further evolve”
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More UAE employees want ‘comprehensive’ insurance cover for mental health
“COVID shifted the focus of the individual, and employers need to face up to that when designing their health benefits,” said David Healy, CEO EMEA at Aetna International.
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THB places the first risk with Global Health Risk Facility through Syndicate 1796
THB brought PFSCM together with the GHRF - an alliance of insurance and technology partners providing comprehensive and data-driven cargo insurance and risk mitigation services for the storage and transit of life-saving medical supplies - including temperature-sensitive Covid-19 vaccines.
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AM Best releases Country Risk Assessment Report on Iraq
The Country Risk Tier of CRT-5 for Iraq reflects a very high level of economic, political and financial system risk.
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Hiscox response to Supreme Court Judgment
In order to achieve clarity for customers on the application of relevant policies as quickly as possible, Hiscox agreed in May 2020 to assist the Financial Conduct Authority (“FCA”) by participating in the Industry Test Case alongside seven other insurers.
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SCOR develops a cyber risk management tool through an innovative partnership with CyberCube
The reinsurance industry must manage the risk of large cyber events potentially impacting multiple insured portfolios. Reinsurers are facing a multi-faceted and fast-evolving cyber threat that requires ever greater modeling and analytics capabilities. SCOR has leveraged its leading edge internally developed CAT Platform designed to manage natural catastrophe risk ...
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Zurich Insurance to drop out of Nord Stream 2 project: Reuters
Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said.
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Supreme Court BI ruling has produced ‘wordings lottery’ – Mactavish
The firm’s chief executive further believes that ‘the relationship between brokers and insurers requires robust and immediate regulatory action’
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Insurers must act quickly to compensate customers and rebuild trust says Insurtech UK
Insurers will need to rebuild trust with customers following the Supreme Court ruling, but the pandemic has also highlighted the need for digitalisation
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Airmic hails historic Supreme Court ruling
The Supreme Court ruling opens the door for up to £1.2 billion of business interruption claims
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UK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital
The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital.
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Supreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are set to benefit from the judgment
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Allianz announces medium-term green targets for some investments
It is the first time that Allianz, which is also one of the world’s largest investors, has announced interim targets.
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Marine insurers primed to raise rates after Red Sea attacks
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.
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RenaissanceRe announces estimated net negative impact on Q4 2020
For the fourth quarter of 2020, the Company expects to report net income available to common shareholders; however, it expects to report an operating loss attributable to common shareholders.
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Control Risks: “Don’t miss the rebound”
Long COVID, patchy vaccine rollouts, emerging digital threats, climate change and the US China relationship are Top 5 risks for 2021
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Specialist Risk Group buys construction sector MGA
Chief executive Downey says ‘developing a market leading MGA capability is a central element of our strategy’ for 2021
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Briefing: FCA reveals anxiety over firms’ financial resilience, but is its heart in the right place?
Despite unveiling a ‘stark’ financial picture of Covid-hit brokers and intermediaries, helping firms stay in business does not seem to be the regulator’s number one priority
