News
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NewsWhere there’s a will, there’s a way
Highlights from the World@Risk Climate Change and ESG Forum
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IIA highlights governance shortfalls at energy firms
Says sector must strengthen financial resilience to weather economic shocks after spate of insolvencies
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Mahnke steps down from GVNW as he moves into insurance role
Alexander Mahnke is joining MSIG Insurance Europe after nearly 12 years as CEO Insurance at Siemens
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Democracy under fire in a third of countries
China and Saudi among the top ten highest risk countries; shows the “prominent role” of authoritarian regimes within the global economy
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Europe’s captives ‘show their worth’ through challenging market
AM Best has observed an uptick in the use of existing captives in response to the hardening market conditions
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IDF calls for ‘convergence’ of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
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RIMS supports proposals for US cyber insurance backstop
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
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Inflation drives up cost of vessel, cargo repairs
The rising prices of steel, spare parts and labour are all factors in the increasing cost of hull repair and machinery breakdown claims
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European D&O: Heading towards a perfect storm?
Inflation, post-pandemic fallout, geopolitical instability, rocketing energy prices, and an increased focus on ESG has heightened D&O exposures
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Buyers call for clarity over cyber war exclusions
Zurich-Mondelez dispute highlights need for insurers to be clear on ‘war’ cover with customers
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Putin’s legacy: A new era of geopolitical volatility
Global stability is ”unravelling” as we approach 2023 and will see significant flashpoints in Europe and over Taiwan - Dragonfly
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US-China trade war is top geopolitical risk for 2023
Risk managers in strategic and high-tech sectors must monitor efforts to decouple critical supply chains - Control Risks
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Risk managers demand shift from insurers
Traditional insurance products may not be fit for purpose in the face of evolving climate risks
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Rethinking food and drink supply chains
With growing vulnerability to extreme weather and geopolitical threats, the industry needs new risk transfer solutions, finds report
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Tata Steel wins RIMS ERM global award
Roads and Transport Authority of the United Arab Emirates and Kuwait Petroleum International also honoured for ERM success
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Plugging gaping holes in protection
Does the creation of a mega captive in Europe reflect poorly on commercial insurers, and what are the risks involved?
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Taking a zero-tolerance approach to cyber hygiene
The drive to digitally transform is resulting in gaps and weak links in the fight against the cybercriminals
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Climate risk still not a priority, warns Airmic
Risk professionals are prioritising near-term natural peril threats, at the expense of longer-term climate impacts
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A journey of resilience
Surviving the Boxing Day Tsunami encouraged Marie-Pier Desharnais to pursue a career in disaster response and confront her own fears
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Nuclear communicator
An on-the-ground advisor after 2011’s Fukushima nuclear disaster, Mariko Nishizawa is using bitter lessons to create better risk communication
