Risk Management – Page 64
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NewsThunderstorms on the horizon heighten risk of flash flooding – Ecclesiastical
Insureds need to prepare for flash flooding as it can be quick and ‘hard to predict’, says risk management director
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NewsAdmiral enters pet insurance market
The launch forms a key part of the insurer’s ongoing strategy to diversify its business and respond to consumers’ needs
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IT InterviewMGA Q&A: ‘When underwriting criteria tightens, MGAs come into their own’ - FloodFlash
FloodFlash’s head of marketing, Chris Hall, provides an overview of the factors impacting MGAs and explains what FloodFlash has been up to over the last 12 months
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NewsSwiss Re Institute warns of mixed impact from economic slowdown and high inflation
The UK insurance sector’s priority right now should be embracing ‘data and innovations’ to build an understanding of the factors that shape present and future risks, says divisional broker representative
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NewsRates ‘will need to increase’ to accommodate high inflation – Allianz Holdings
Amid predicted inflation increases and an impending recession, insurer boss has fears around underinsurance and incorrect indexation in the commercial market
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AnalysisCyber risk rating reports versus threat intelligence - what is ‘the best tool’ to analyse firms’ cyber security?
Industry leaders expose problems with cyber vulnerability assessment tools and discuss new ways to get ahead of cyber criminals
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AnalysisWhat does an effective response to the threat of systemic risks look like?
The public expects ’insurers to lean into the challenges posed’ by systemic risks and work to develop solutions, says ABI’s director of GI policy
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NewsAxa prepares for ‘potential claims’ from Ukraine and Russia war through exposed lines
Some of the insurer’s crisis management policies, for example, have been ‘triggered because of the war in Ukraine’, says group chief financial officer
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NewsAxa XL records 6% dip in H1 2022 revenue after cutting natural catastrophe reinsurance exposure
Insurer chief executive notes that the subsidiary still has the ability ‘to generate earnings totally in line with our objectives’
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NewsInsurers prioritising talent attraction and retention action amid economic strife – CII
Insurance professionals are prioritising the implementation of flexible working as the institute’s interim chief executive says that caring for staff ‘wellbeing’ is ‘key’
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IT InterviewSoftware company exposes insurance industry as most vulnerable to phishing following simulated attacks
Hackers believe insurance companies are ’highly desirable’ phishing targets because of the data these firms hold, says lead security awareness advocate
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NewsSuccess in the future of insurance requires shift in underwriting roles – CII
Firms’ top and bottom lines will be dented, alongside staff headcount, if adaptation to the changing skillset climate is not achieved
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NewsSchools an ‘attractive target’ for criminals over summer months – Ecclesiastical Insurance
‘Brokers have an important role to play’ in helping education clients manage their risks over the summer holidays
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IT InterviewHelena Kazi: The entrepreneur striving to be a ‘very strong player in gig economy insurance’
Insurtech Giganomics, which is currently conducting a seed funding round, aims to provide a ‘full suite of products’ for an ‘underserved market’
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AnalysisBriefing: FCA must focus next on customers’ expectation gap following dual pricing ban
Consumer group managing director calls expectation gap the ‘number one problem in insurance’, over and above ‘sideshow’ price walking that the FCA has been focused on
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NewsGeopolitical strife impacting shift in ransomware attacks – SonicWall
The cyber security firm discovered 59,259 cases of never before seen malware in March 2022 alone
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NewsTravel insurers must address ‘misunderstanding’ over coverage – Consumer Intelligence
A lack of consumer trust in the travel insurance sector should be addressed with greater clarity over policy exclusions, says senior insight analyst
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NewsACSO calls for mandatory insurance of e-scooters
The association has laid out a 10-step plan for the effective and safe legalisation of the micromobility vehicles in the UK
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AnalysisBriefing: Small comfort for insurance industry from FSB report
Sector faces stinging remarks from member organisation about not adequately supporting small businesses – this must be a blow for relationship-centric brokers
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NewsInsurers brace for ‘inevitable’ claims following forest fires
Greater cross-sector collaboration is needed to ’more accurately assess, map and manage the risks’ as wildfires are ’no longer just an issue for faraway countries’, says property loss expert
