Analysis – Page 18
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Analysis
Germany at severe risk of flood as temperatures rise
A quarter of the world’s power generation capacity and 26% of international port outflows are currently at risk of flooding, finds Marsh McLennan
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Analysis
Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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Analysis
European wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed
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Analysis
Supply disruption rises as Rhine levels fall
Water levels are at their lowest for the time of year since 2007, limiting the commodities that barges can carry
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Analysis
The metaverse will support ‘shift from risk indemnity to risk mitigation’
Use of the metaverse for the insurance sector is “evolving at pace”, says Accenture’s global insurance lead
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Analysis
Despite inflation: cost advantage of renewables grows
Wind and solar projects are much cheaper than new coal or gas-fired power plants, despite rising construction costs
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Analysis
Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Analysis
Where risk meets sustainability
Both risk and sustainability management should be embedded in the ways organisations operate if they are to succeed sustainably
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Analysis
Insurers adapt underwriting to better price climate risks
Conduct risks such as ‘greenwashing’ stand to be major source of environmental liability claims
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Analysis
Food recalls back to pre-pandemic levels - RQA
Over 400 million units of recalled products were reported by the US FDA between January and June
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Analysis
Claims inflation will extend hard market - sigma
Global insurance premiums are set to surpass $7 trillion for the first time, with the UK and France showing strong growth in Europe
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Analysis
Cyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
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Preparing for another active hurricane season
Power and comms outages and supply chain disruptions should be among key business continuity considerations, says International SOS
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Analysis
FERMA calls for EU-level cyber resilience push
Paper draws attention to the ‘cyber insurance gap’ and ongoing treatment of captives under Solvency II
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Insurers must ‘lean into’ systemic risk - ABI
Policyholders expect more innovative solutions from insurers after the industry’s Covid-19 BI claims response
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Analysis
UK: Johnson’s exit creates ‘policy vacuum’
A more pragmatic approach to the Northern Ireland protocol would lower the risk of a trade war with the EU
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Analysis
Supply chains are losing the ‘ability to absorb shocks’
Erosion of traditional buffer mechanisms to ensure continual supply of goods demands a new assessment of potential risks
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Analysis
Ukraine triggers a re-evaluation of global systemic risk
Systemic risks affect entire markets - not just specific sectors - and are now top of mind for senior executives - WEF
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Cyber security remains “chief risk” for IT audit teams
War-related cyberattacks are on the rise and the surge of sophisticated ransomware attacks is ongoing, warns research
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Analysis
Has 2022 knocked resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma