Risk Management – Page 70
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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
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AnalysisInsurers must be alert to the threat of physical damage from cyber attacks
Recent cyber attacks on a number of Iranian steel plants evidence the dangers these events can pose to physical infrastructure - this should serve as a warning to insurers
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NewsRSA launches new policy to support victims of domestic abuse
The Employers Initiative on Domestic Abuse (EIDA) and charity Women’s Aid have both helped the insurer with the policy’s launch
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NewsTFL cracking down on e-scooter riders who flout rules
Meanwhile, a panel of experts has called for mandatory insurance for e-scooters before the situation becomes ‘untenable’ for the MIB
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NewsCryptocurrency crisis leading to insurance policy wording amendments
Volatility in a market in its infancy is creating calls for regulation, says FCA chief executive
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AnalysisUptick in livestock disease claims leads to farmer losses and increased insurer costs
It is pivotal that brokers have meaningful conversations with agricultural clients to ensure they understand farming’s operational risks
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NewsInflation contributing to an increased number of aircraft being written off
Repairable vehicles are increasingly being scrapped as the cost of repairs approaches their total value, says aviation portfolio manager
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AnalysisInsurers must deploy capital ‘confidently’ to solve cyber cover supply and demand imbalance
Demand for cyber insurance has increased - but so has the price
