Analysis – Page 48
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AnalysisRIMS calls for pandemic risk insurance program
91% of RIMS members are supportive of a TRIA-type program for insurance claims relating to losses resulting from a pandemic
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AnalysisCybercriminals profiting from COVID distraction
There are increasing aggregation risks associated with the shift towards remote working, warns AIR Worldwide
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AnalysisIs blockchain the solution for broken supply chains?
Resilience of supply chains “can be improved” through the deployment of blockchain technology - World Economic Forum
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AnalysisWTW launches cyber marine cover
Product includes business interruption cover in the event of a cyber incident that disrupts operations
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AnalysisCOVID-19 will “enhance protectionism” - Control Risks
Companies will be pressured to ‘onshore’ their supply chains, predicts Charles Hecker
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AnalysisBI claims present an “existential threat” - Willis Re
Estimates the global reinsurance sector will take a $30 billion hit to its capital base from COVID-19
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AnalysisChubb’s Greenberg warns against retroactive BI payments
Evan Greenberg warns against ”self-inflicted harm from government attempts to force insurers to retroactively pay uncovered business interruption claims”
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Analysis80% of boards unprepared for COVID-19 - EY
Just a fifth surveyed before pandemic said firms were ’very prepared to respond to an adverse risk event’
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AnalysisCOVID-19 heightens risks for cargo shippers and transport firms
Damaged goods already account for more than one in five marine insurance industry claims - Allianz
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AnalysisInsurers ‘looking down the barrel’ at class action
Why the insurance industry is under fire for failing to pay business interruption claims - DMH Stallard
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AnalysisCOVID-19 and climate change to transform energy sector
Energy firms must incorporate ESG standards and climate change into their risk mitigation strategies - Willis Towers Watson
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AnalysisFERMA: Pandemic risk pools will provide future financial resilience
France’s CCR, Spain’s Consorcio, UK’s Pool Re and Germany’s Extremus scheme offer possible models
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AnalysisCOVID-19 global supply chain disruptions continue
Organisations with a diversified supplier base are better equipped to address the effects of COVID-19 - Institute of Supply Management
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AnalysisHiscox faces legal action over rejecting coronavirus BI claims
Customers have written to the UK business secretary, Alok Sharma, with their concerns
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AnalysisPrevent losses at idle factories - FM Global
Fires, vandalism, theft, flooding and stormy weather could leave understaffed facilities vulnerable
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AnalysisCompanies “drastically unprepared” for supply chain disruption - survey
66% of respondents say they should be assessing more than three quarters of their top tier vendors but aren’t doing so
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AnalysisCOVID-19: BI policies not fit for purpose - Ludlow
Business interruption needs to cover a broader range of intangible perils, argues Airmic CEO John Ludlow
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AnalysisEurozone manufacturing plummets
”Large swathes of manufacturing could see downturns of the likes not seen before” - IHS Markit
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AnalysisInterview: Cyber exposures for a coronavirus age
As businesses around the world come to terms with a dispersed, remote workforce, Raf Sanchez, international breach response manager at Beazley, considers the cyber exposures
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AnalysisMarriott reveals new breach: 5.2 million exposed
The new compromise follows a major breach of up to 339 million guests, discovered in 2018
