Risk Management
Quiz of the week – 15 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Gravity of cyber risk stressed as climate change tops risk list
Failure to act on climate change was named the top global risk by the World Economic Forum today (14 January), as a Marsh leader claimed cyber risk is widely underestimated outside the US.
BI remains top global risk while cyber is UK's biggest threat
Business interruption is the top global risk for the fourth year running, according to the Allianz Risk Barometer 2016, with cyber attacks, geo-political instability and technology failure identified as new possible drivers of BI losses.
Business interruption from cyber attacks a growing concern, says AGCS
Business interruption is the top risk globally for the fourth year in succession according to Allianz's Risk Barometer 2016 - an annual survey of risk managers.
Airmic urges buyers to take control through Insurance Act guide
Risk management association Airmic has today (6 January) launched its guide to the Insurance Act 2015, urging risk managers that it is their responsibility to take control of the buying process.
Insurers urged to keep abreast of construction sector developments
Allianz and Euler Hermes are urging insurers and brokers to keep up-to-date with changes in the construction industry following the publication of a joint report.
New chair for Oric announced
Oric International has appointed Dee Lehane to chair the operational risk group’s board.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Uncertainty around high risk corporate travel destinations may impact coverage
Countries that constitute 'high-risk destinations' are becoming a grey area for companies wanting to protect their employees during overseas corporate assignments, as terror incidents lead to demand for comprehensive multinational programmes.
Brain Training: 10 things you need to know about... corporate manslaughter
10 things you need to know about... corporate manslaughter
Man-made BI risk greater than threat from natural disaster
Business interruption claims are largely from man-made events despite risk managers fearing natural catastrophes disrupting supply, according to a report by Allianz Global Corporate & Specialty.
Climate change framework sees increased support from insurers
Insurance leaders are mobilising to support a new framework to improve climate resilience, launched at this month’s United Nations Conference on Climate Change, or COP21, in Paris, with companies including XL Catlin already backing the plans with action…
Aon appoints Tunnicliffe as UK risk management boss
Aon Risk Solutions has appointed Andrew Tunnicliffe as CEO of its UK operation replacing Jim Herbert who will take on the role of Europe, Middle East and Africa chief development officer.
Quiz of the week - 4 December
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No vote urged for Towers Watson shareholders
Towers Watson shareholders are again being urged to vote against the proposed merger with Willis Group by proxy adviser company Glass Lewis and Co.
Serious crash claim costs up by 11% per policy each year
Amounts claimed in severe motor accidents rose but the number of claims made stayed steady, according to a report by the Institute and Faculty of Actuaries.
Oric records 2014 operational loss events cost £301m
Members of operational risk group Oric International submitted 884 loss events during 2014 with a total value of £301m.
Reserving certainty a fillip for insurers in Enterprise Bill amendment
A proposed amendment to the Enterprise Bill under consideration by the House of Lords is being championed as giving insurers more certainty around reserving for damages relating to late claim payments.
Cyber and economy increasing concerns in financial system risk
Economic downturn, cyber attack and geopolitical risk pose the most concern for the UK’s financial system, according to the Bank of England’s biannual systemic risk survey.
Quiz of the week - 27 November
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Analysis: The explosive risks of mis-declared cargo
The explosions at China's Tianjin Port on 12 August brought home the fatal consequences of improperly storing dangerous cargo.
Expertise from A-Z: Safe as houses
Overseas investment in London has meant high and stable property prices. How can insurers stay in touch in such a competitive arena?