Clik here to view.
Conduct risk strategy unclear for insurers: PwC
Over half of insurance companies do not have a clearly defined conduct risk strategy in place, according to a new survey from PwC. The survey revealed that insurers are aware of the importance of...
View ArticleClik here to view.
2013 predicted as active hurricane season: Willis Re
Experts agree that 2013 will be above average for hurricane activity, according to the “2013 Atlantic Hurricane Season Outlook” from Willis Re.Major centres are unanimous in forecasting an active...
View ArticleApril 2013 best month for ILS funds
Insurance-linked securities (ILS) funds have seen best April since 2007. It was also the best performing month of the year with average return of ILS funds in April reaching 0.83%.Investors have...
View ArticleClik here to view.
Central Europe braces for more flooding
Water levels on the Rhine, Danube and Neckar rivers have swelled as a result of heavy rain causing flooding in the region. Downpours are expected to continue, marking the start of one of the wettest...
View ArticleClik here to view.
European risk managers face challenges structuring multinational insurance...
ACE recommended managers of European multinational businesses reassess how they insure their US exposure as part of a global insurance program.ACE and international law firm Cozen O’Connor published a...
View ArticleClik here to view.
Lack of Nat Cat data affecting firms’ premiums: Marsh
Marsh and CS STARS are releasing a NAT CAT Risk Map to assist clients in managing their natural catastrophe risks and gain more control in their insurance renewal negotiations.Heavy losses sustained as...
View ArticleClik here to view.
Disasters and climate change cost developing nations $1.2 trillion over last...
Shinzo Abe, Prime Minister of Japan, warned heads of African government of disasters and climate extremes setting back developing countries by years.“Over the past 30 years, developing countries alone...
View ArticleClik here to view.
AIG will re-join S&P 500 index just 4 years after bailout
AIG has had a symbolic victory after nearly collapsing in the US financial crisis just a few years ago. The international insurance company will re-join the S&P 500 after the stock market closes...
View ArticleClik here to view.
US insurers face minimum $4bn payout from May storm damage: AON
Severe windstorm events in May affected regions of the US causing widespread damage resulting in significant payouts for US insurers, according to Aon Benfield catastrophe report.This included the...
View ArticleClik here to view.
Foreign insurers to quadruple market share in China: Ernst & Young
Over the next five years, foreign insurers plan to quadruple their market share in China’s general insurance market, according to recent research by Ernst & Young.This marks further growth in the...
View ArticleClik here to view.
Airmic 2013: Innocent non-disclosure top risk manager concern
Over half (52.6%) of corporate insurance buyers cited ‘innocent non-disclosure of material information” as the claims-related issue that keeps them up at night the most, according to a recent...
View ArticleClik here to view.
Airmic 2013: New basis clause guide and model wording to increase claims...
The guide and model wording were unveiled at Airmic’s 50th annual conference today in Brighton. It aims to raise awareness among Airmic members and counteract the impact of basis clauses.John Hurrell,...
View ArticleClik here to view.
Airmic 2013: Tighten up corporate risk reporting rules
Airmic and the Institute of Chartered Secretaries and Administrators (ICSA) are urging the Financial Reporting Council to tighten up corporate risk reporting rules when it updates the UK corporate...
View ArticleClik here to view.
AIRMIC 2013 conference – video interviews
Global Risk are delighted to bring you video highlights of the AIRMIC 2013 annual conference, taking place 10-12 June in Brighton, UK.Watch our exclusive video interviews with conference delegates and...
View ArticleClik here to view.
Airmic 2013: Eliminating internal barriers leads to more resilient company
Resilient firms are those that work to eliminate internal barriers between senior managers and their staff, according to recent research.The findings of ‘Roads to Resilience’, a report being produced...
View ArticleClik here to view.
Airmic 2013: Managing supply chains increasingly difficult for firms
At a time when the cost of failure is higher than ever, companies are struggling to manage their supply chains, according to a new report from Airmic.The report from Airmic, “Supply Chain Failures: A...
View ArticleClik here to view.
Airmic 2013: AIG launches interactive tools to aid Multinational Programme...
AIG Europe Limited has announced at the 50th annual Airmic conference that it is launching a suite of interactive, web based tools to aid risk managers and brokers in multinational programme design.AIG...
View ArticleClik here to view.
Marsh: Immature approach to cyber threats placing organisations at risk
Many leading European organisations have yet to fully embed cyber threats into their risk management strategies despite mounting concerns about the consequences of cyber attacks on their customers and...
View ArticleClik here to view.
ACE: Cyber top worry for Airmic delegates
Airmic delegates identified cyber crime and date privacy as the most concerning risk facing their businesses according to research carried out by ACE at the Airmic conference this past week.The...
View ArticleClik here to view.
AON: Impact Forecasting launches German flood scenario model
The catastrophe model development center of excellence at AON Benfield launched the scenario model using event footprints that outline the extent of the flood. The new model will allow insurers to...
View Article
