All Coronavirus articles – Page 16
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AnalysisAirmic to host virtual risk festival in September
”One of the welcome consequences of the pandemic crisis has been our members’ fantastic adoption of virtual networking and learning” - Ludlow
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AnalysisLloyd’s pegs COVID losses at $4.3 billion
Estimates total industry losses of $203 billion; claims on a par with 9/11 and the combined impact of hurricanes in 2005 and 2017
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AnalysisDon’t damage trust, Airmic warns insurers
Insurers can “either interpret ambiguous contract wordings with their balance sheet in mind, or they can act as partners to long-standing customers”
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AnalysisBoards urged to keep climate change on the agenda
As companies reel from the effects of COVID-19, there a danger that climate change will slip off the boardroom agenda
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AnalysisPandemic heightens terror risk - Pool Re
States weakened by the serious economic consequences of the pandemic will be more vulnerable to the emergence/resurgence of terrorist groups
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AnalysisFERMA launches non-damage BI taskforce
Aim is to find a solution that provides cover for non-damage BI for all types of catastrophe risks, not just pandemic
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AnalysisGVNW calls for pandemic risk pool
Pandemic shows that existing insurance solutions do not offer sufficient protection for the economy, says German risk management association
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AnalysisRestart facilities with care - AGCS
20% to 30% of AGCS fire claims are related to the condition of electrical equipment and installations
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AnalysisInsurers on the hook for up to $80 billion in COVID claims
Total claims could exceed those of 9/11, underscoring the need for a government backstop - Willis Towers Watson
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AnalysisCOVID-19 will change risk management - IRM
The future will see a sharper focus on resilience and strategic risk management, predicts survey
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AnalysisFCA seeks “clarity” on business interruption claims
Insurers given up to six months to reassess whether their products are still offering value to customers
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AnalysisCOVID-19 biggest shock to the global energy system since WWII
”Energy industry that emerges from this crisis will be significantly different from the one that came before” - IEA
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AnalysisHow to avoid restart risks
Pre-start up safety reviews can help reduce losses when idle facilities are put back into operation - Swiss Re Corporate Solutions
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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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AnalysisCOVID-19 to fuel rise in data breaches
Analysis reveals a 227% increase in coronavirus related fraud cases reported to the UK’s NECC
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AnalysisAXA XL offers virtual risk assessment
Tool will highlight potential new risks as manufacturers adapt their businesses during the 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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AnalysisInsolvency risks soar amid COVID crisis
Virgin Australia has become one of the biggest casualties of the COVID-19 outbreak so far
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AnalysisCOVID-19 will “enhance protectionism” - Control Risks
Companies will be pressured to ‘onshore’ their supply chains, predicts Charles Hecker
