All Risk News articles – Page 76
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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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AnalysisAirmic welcomes pandemic steering group
“It’s really important we learn the insurance lessons of the current pandemic” - John Ludlow
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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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FeaturesSpotlight on business interruption insurance
The COVID-19 outbreak has laid bare the limitations of business interruption insurance, with companies across the globe discovering gaps in coverage
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AnalysisUK insurers set up pandemic steering group
The move has invited criticism; Mactavish says the ”sector has failed in its response to coronavirus”
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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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AnalysisLate notices are “missed opportunities” - Allied World
Delayed claim reporting can cost both carrier and insured hundreds of thousands of dollars in defence costs
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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 makes ‘business case’ for ERM
Pandemic shows the clear business benefits of managing risk from an enterprise-wide perspective - Gartner
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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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AnalysisRisk manager is suddenly a hot job - Bloomberg Businessweek
As the pandemic spurs boards to seek experts in crisis planning and oversight, the role of the risk manager has been elevated
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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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AnalysisCOVID-19 creating “ideal conditions” for ransomware
CyberCube warns that organised criminals and hackers are moving away from “high volume, low-value” methods of attack
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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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AnalysisClimate change “major threat” to global resilience - sigma
Failure to take immediate tangible action could lead to climate systems reaching irreversible tipping points, jeopardising insurability
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AnalysisFERMA supports creation of pandemic risk pools
Federation calls on brokers and insurers for flexibility during coronavirus crisis
