Risk Management – Page 60
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AnalysisThe Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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NewsUnderinsurance is a bigger risk to HNW clients than theft or burglary – Ecclesiastical
Almost three quarters of brokers believe there is a problem with HNW customers being underinsured
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NewsGovernment-backed PI scheme for EWS1 assessors launched
The new professional indemnity scheme will fix the issue of a stalled mortgage market for mid and high-rise buildings, says chief executive
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NewsEmployee mental health and financial uncertainty top concerns for UK SMEs in 2022 – Marsh
Inflation hitting a 40-year high will have a ‘profound impact’ on how these firms operate now and in the future, says corporate and commercial chief executive
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News AnalysisEmployee ownership could boost ‘motivation and common purpose’ in insurance sector firms
While employee owned businesses can boost productivity, they are particularly susceptible to the harsh realities of the business world
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News‘Temporary’ government energy bill support does not avert risk of insolvency for UK businesses
Commercial insurance clients may now have to make operational decisions to survive tough economic times, say insurers
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AnalysisBriefing: Reinsurance sector still facing BI ‘big issue’ despite clarity for direct market
A lack of visibility around aggregation arbitration is preventing the reinsurance sector from dealing with Covid-related BI claims
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AnalysisBriefing: Insurers under pressure to harden rates as reinsurers talk tough
Feedback from the Rendez-Vous de Septembre conference is that reinsurers are cheerleading rising rates
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NewsReinsurers risk misunderstanding secondary perils due to less mature modelling
Professional services firm partner predicts a ‘pretty expensive year’ for the reinsurance sector as secondary perils drive up losses
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IT InterviewDomenico del Re: Insurance industry must support roll out of green technology
The insurance industry must lead on green tech cover to support UK’s transition to net zero, says PWC partner.
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News(Re)insurance sector can no longer ‘waste time’ when it comes to tackling systemic risks – PWC
The (re)insurance sector must explore avenues for tackling systemic risks, says PWC partner
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NewsGeneral insurance firms’ creditworthiness will be hardest hit by inflation – Fitch
The firm’s latest report further highlights that several European markets in addition to non-life could move to a status of ‘deteriorating’
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AnalysisBriefing: Insurers should prepare for risk of another Eurozone crisis
Contributor Saxon East examines whether the eurozone may be about to enter another period of economic chaos
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NewsLondon market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions
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NewsAsta and Bermuda-based holding company win ‘in principle’ approval for new Lloyd’s syndicate
The new syndicate will underwrite run-off transactions within the market
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NewsChanged government should not impact counter fraud elements of Online Safety Bill – Ofcom
The new prime minister has confirmed that her government would proceed with the passage of the bill
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NewsPerils introduces new market coverage for European floods
The business’ capture threshold in its loss reporting service has also been increased
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AnalysisDavid Howden: Rise of the underdog
The insurance industry must be a ‘force for good’ rather than ‘the naysayers we are sometimes seen as’, says broker boss
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NewsUK businesses remain ‘in the dark’ about energy costs despite new government plans
Businesses will require additional support before they are ‘forced to close their doors’, says risk expert
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NewsLloyd’s of London reports COR of 91.4% for H1 2022
The market also achieved an underwriting profit of £1.2bn for the period
