Financial risk
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Panic spreads despite emergency takeover of Credit Suisse
UBS seeks to “preserve the value left in the business while limiting downside exposure”
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Underinsurance risks remain as construction costs soar
Continuing high levels of inflation in construction costs could see claims disputes in the event of a property loss
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Inflation set to drop sharply as energy prices fall
Global inflation will return to pre-crisis levels faster than it took to reach its peak, but any number of shocks could derail this outcome
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SVB crisis shows need for diversified funding options
Corporates must not put all their eggs in one basket where funding options are concerned
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Is the cyber crunch behind us?
Financial Lines markets across Europe are experiencing rapid change as rates begin to taper off
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HSBC buys UK arm of stricken Silicon Valley Bank
Deal rescues a key lender for tech start-ups in the UK and curbs fallout from the biggest bank collapse since 2008
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Interest in parametrics grows as traditional capacity retrenches
Offers an “affordable solution” for large-scale insurance of catastrophic and agriculture exposures - New Dawn Risk
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COVID BI disputes are denting insurer reputations, warns GlobalData
Over a third of UK SMEs cancelling BI cover in 2022 cited disputes business interruption claims
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Construction firms take action as inflation and supply chain woes continue to bite
Three in five UK construction businesses have seen once profitable projects become unprofitable
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Supply chain risks remain underinsured despite demand for cover
Companies are redesigning supply chains, but BI insurance protection remains a “wafer-thin patchwork”, finds WTW
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Captives hailed as hard market solution for cyber, D&O
Captives provide much-needed capacity as traditional carriers reduce limits, increase exclusions, and/or increase pricing
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Total Turkey quake losses will exceed $25 billion, says RMS
Catastrophe is a wake-up call for other earthquake-prone regions, with adherence to building codes essential for resilience
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Surviving today’s “poly-crisis”
Not all risks can be managed out of existence and it’s time for insurers to step up
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UK underinsurance crisis evident in 2022
Valuation firm finds that 75% of properties were underinsured in instructions received last year
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Brit increases cyber consortium capacity by 50%
Product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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Global freeze map will help with business continuity
Freeze risk regularly impacts equipment and infrastructure which is often hidden and enclosed within a building
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Insurers monetise intangible assets for IP product
Aim is to develop a trade secret protection ecosystem as the value of unprotected intangibles grows
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Insurers back pandemic research initiative
Projects could help build societal resilience and reduce the long-term costs of future risks
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Commercial insurance rates continue to moderate, says Marsh
Cyber rates continue to rise at slower pace; financial and professional rates fall for a second quarter
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UK insolvencies rise as Flybe and Paperchase collapse
Insolvencies to hit new highs over the coming months as supply chain woes tip the balance