All Risk News articles – Page 53
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Analysis
Aon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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European floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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Airmic’s board appoints new chair
Claire Combes will take over from Tracey Skinner as chair of Airmic from 1 September
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Wildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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Terrorism: Retail and hospitality at risk as lockdown lifts
Pool Re warns of potential threat to retail and hospitality sectors which represent attractive targets to terrorists
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Resilience agenda gains ‘new urgency’
Geopolitical uncertainty and ESG are impacting strategic and operating decisions for ICT firms like never before - WTW
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Lack of clarity over wind turbine fires
While wind turbine fires are relatively rare, when one does occur, it often results in the total destruction of the asset
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Catastrophic floods strike Central Europe
Several dams burst across Germany after extreme flooding, leaving at least 180 dead and hundreds more missing
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Insurers must meet buyers’ changing needs
Only 54% of insurance buyers say their cover is addressing their business challenges very well, finds Beazley
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$19 billion exposed at South Africa ports
Violence in the aftermath of Jacob Zuma’s sentencing has spread to Durban and Richard Bays Terminal - Russell Group
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RIMS rethinks ERM in an era of disruption
While controls are useful, risk leaders must focus on the impact of shocks at a business model level
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Risk management a top priority for boards - EY
80% say improved risk management will be critical for their business to protect and build value in the next five years - EY
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Cyber tops financial services risk register
Cyber attacks, pandemics and over regulation are among the biggest fears for CEOs at banks and insurers - PwC
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Europe counts cost of severe weather
Insurers face up to $4.5 billion in claims after the costliest severe storm period on record in Europe - Aon
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Pool Re forms advisory group for systemic risks
12 members have joined the group, planning to act to protect the UK economy as ‘when the next risk comes, we must be ready for it’
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Is the ‘harsh market’ starting to ease?
At mid-year, pricing for most classes of business was back to technical levels - but cyber remains an outlier
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COVID-19 forced firms to ‘cut corners’
Under mounting pressure to increase revenue and profits, with just 40% of European organisations carrying out adequate due diligence - Refinitiv
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Geneva Association awards sustainability approach
Nina Arquint, CRO at Swiss Re Corporate Solutions, has won the Geneva Association Women in Insurance Award
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Piloting post-COVID aviation trends
New generation aircraft bring benefits but higher repair costs while airlines prepare for a paradigm shift in traveling - Allianz
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‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations