All News articles – Page 4
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NewsLloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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NewsInsuring the transition to net zero
Why insurers have a critical role to play in the shift away from fossil fuels
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NewsMarsh launches ESG risk rating measure
Insureds can use the results to improve their ESG risks, and gain access to additional insurance market capacity
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NewsDigitising large and complex claims
How remote claims technology is helping make claims handling faster and more flexible
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NewsInsurance industry braces for soaring payouts from war in Ukraine
Stranded planes, battered ships, bombed-out buildings and unrecoverable debts created by Russia’s invasion of Ukraine have left the global insurance industry braced for soaring payouts and protracted legal disputes. The war in Ukraine could cost insurers billions of dollars in claims, with the aviation insurance sector alone facing potentially the ...
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NewsGallagher Re: 2021 third largest cat year for re/insurers
Reinsurance broker urges a rethink of the impact from “secondary perils” as extreme weather events drive loss tally
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NewsGlobal catastrophes cost $343 billion in 2021 - Aon
European floods in July were the costliest disaster on record for the Continent at $46 billion
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NewsUkraine-Russia tensions call for greater cyber resilience
GCHQ is urging UK firms to bolster their cyber security in response to the malicious attacks in and around Ukraine
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NewsAXA XL launches environmental risks service
Corporates can better understand their environmental exposures by tapping into multiple data sources and advanced analytics
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NewsCOCorporates facing ‘resilience fatigue’ - Beazley
Institutional burnout is a particular threat in pandemic-exposed sectors such as health, travel, education and hospitality
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NewsESG is not a fad but an urgent business priority, says IoD
Organisations must identify the risks and opportunities that relate to environmental, social and governance considerations, directors urged
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NewsUK consortium to tackle systemic risk
Backed by Pool Re, it will support the creation of private-public solutions and develop new risk transfer products
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NewsUS Xinjiang bill demands full supply chain visibility
Key challenge for companies is to determine traceability of their often highly complex supply chains
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NewsLloyd’s of London reveals new operational structure behind Blueprint Two
Initially published on 5 November 2020, Blueprint Two is the delivery phase of the market’s Future at Lloyd’s strategy, which is focused on modernising the marketplace through digitalisation.
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NewsCyber threats ‘growing faster than ability to prevent and manage them effectively’
The recent ”intensification” of cyber attacks indicates that ”cyber threats are now growing faster than our ability to prevent and manage them effectively”, according to Carolina Klint, risk management leader for continental Europe at broker Marsh.
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News84% of leaders concerned about world outlook – World Economic Forum
Around 84% of global experts and leaders are worried or concerned about the outlook for the world, according to research by independent international organisation the World Economic Forum (WEF).
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NewsInternational Underwriting Association reveals 2022 business plan
The International Underwriting Association (IUA) has published its business plan for 2022, setting out clear focuses around climate risk, business interruption, regulatory changes and pandemic responses.
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NewsClimate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
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NewsD&O rates in the UK ‘are not out of the woods yet’ – Gallagher
Despite supply challenges surrounding D&O insurance, increased awareness of ESG factors could encourage more entrants to this market, reports broker
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NewsCII’s Society of Insurance Broking to focus on attracting fresh talent to sector in 2022
Kevin Hancock, SIB’s chair and Yutree Insurance’s managing director, said: “We must do more to make insurance a more accessible degree course and to increase the availability and awareness of insurance apprenticeships, which are both excellent routes into our profession.
