Risk Management – Page 83
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News AnalysisRansomware surge could see cyber become next Covid-related crisis
Cyber-linked business interruption cover ’should be viewed as vital’ as research confirms that 17% of UK businesses have experienced more cyber attacks since Covid-introduced homeworking measures
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NewsRegulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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NewsMarkel UK and Cytora partnership set to accelerate profitable growth
The insurer aims to become a ’digitally enabled insurance company’
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NewsSubsidence claims increased by 49% in last year – LV=GI
The spike in claims was triggered by the increase in building surveys related to house sales, as well as significant heatwaves
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FeaturesBen Rose: Solving the issue of stacking in insurance
Stacking represents ’a massive problem to be solved by technology’ according to the global all-in-one reinsurance platform’s co-founder
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NewsBrokers could play a ‘crucial role’ as insurers brace for claims amid July flash floods
’Continuous real-time modelling’ is essential ’to generate effective early warnings for flash floods’
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NewsHouseholder and SME climate change concerns grow but action lacking – Aviva
Only 12% of SME owners have a business continuity plan that includes climate change risks
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NewsAviva unveils seven steps to protect UK homes and businesses from climate change
Aviva’s Adam Winslow says severe floods and storms are an ‘acute reminder’ of how extreme weather is affecting livelihoods
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NewsThatcham Research launches EV training programme ‘essential’ to future success of insurance
EV registrations are rising sharply and Thatcham Research believes adoption will continue to increase
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News AnalysisBreakingbury v Croad judgment could spark negligence claims increase
CFC’s Chris Comerford tells Insurance Times why he believes this judgment might open the doors to vicarious liability claims becoming commonplace as the CQC cracks down on insurance checks
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NewsSlug and Lettuce owner sues three insurers for £846m over covid business interruption losses
The pub group was forced to close all 760 of its pubs, bars and restaurants
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NewsPool Re warns of ‘potential terrorist threat’ to retail and hospitality sectors as lockdown lifts
The government is considering new legislation called a ‘protect duty’ that puts greater responsibility on business owners and operators
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FeaturesCovid-19 creates tangible opportunities for intellectual property insurance
The pandemic has led to an ‘opportunity for brokers to work with clients to protect their intangible assets, which increasingly are at the heart of [a] company’s worth’
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NewsLockdown lifting set to spark crash for cash induced collisions – Ageas
The insurer’s claims director says that as lockdown has made it harder for these scams to occur, there could be a spike when restrictions lift
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NewsBroadway Insurance Brokers warns holiday makers against ‘amber gambling’ with travel insurance policies
Broadway Insurance Broker’s director of private clients says this is the next phase of the fallout following business interruption claims
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FeaturesSupercede – the marathon running duo with an appetite for risk
Two co-founders of Supercede tell Insurance Times their plans after recently receiving a £2m investment and how training for a marathon led to the creation of a global all-in-one reinsurance platform
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IT InterviewMGA Q&A: Commercial Express aims to ‘reduce percentage of business’ to main carrier
Kristian Bartlett, head of sales and marketing for Commercial Express tells Insurance Times’s head of research, Savan Shah about the new developments for the broker community, after achieving four stars from brokers in last year’s MGA survey
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NewsFPCs and ‘Build Back Better’ approach can support communities struggling with flooding – Flood Re
Due to the detrimental impact of flooding on socially vulnerable and ethnic minority communities, the insurance industry ‘must support the roll out of Build Back Better’
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NewsInsurance industry leaders inaugurate alliance to accelerate net zero transition
The insurance industry and wider financial sector ‘have the power and responsibility to drive progress’
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NewsHigh-profile sporting events put risks ‘under health and safety spotlight’ for brokers – FOIL
Players slipping at high-profile sporting events, such as Wimbledon, is ‘not new’ - the grass courts are known to be an ’unpredictable factor’
