Risk Management
Why insurers armed with risk insights don't need to retreat
As climate change intensifies weather-driven natural catastrophes, Moses Ojeisekhoba, CEO of Swiss Re Global Clients and Solutions, argues sophisticated, data-driven risk insights are needed by society to both mitigate as well as adapt to evolving perils before our options narrow.
Three-quarters of vehicles removed from Luton Airport car park
Luton Airport has issued an update on the salvage operation following last year's car park fire, confirming that 75% of the vehicles have now been cleared.
Businesses unprepared for incoming anti-terrorism law
Over three quarters of businesses aren’t confident that they will be able to comply with new anti-terrorism requirements, according to research by Gallagher.
MS Amlin’s Vishal Desai on transforming insurance ERM
View from the Top: Vishal Desai, chief risk officer at MS Amlin and global risk strategy advisor at Mitsui Sumitomo Insurance Group, says that a polycrisis world calls for a reimagining of insurers’ risk functions.
Q&A: Stuart Kilpatrick, Burns & Wilcox
Stuart Kilpatrick, managing director of Burns & Wilcox UK, tells Insurance Post about the post-Biba conference pivot the business has undertaken, plans to create a specialist business in the UK, and how it "doesn't matter” where his staff work.
Insurers urged to help curb illegal charter flights
The insurance industry has been urged to play its part in raising awareness around the issue of illegal charter in the aviation sector.
Impact of war in Ukraine on insurance
Two years on from Russia invading Ukraine, David Worsfold examines the ongoing impact of the war on global insurance markets.
CRIF calls on insurers to challenge ESG credentials in the supply chain
CRIF has launched its own ESG evaluation tool to support UK insurers to better assess risks, ahead of prospective regulations, Insurance Post can reveal.
AI breakthroughs promise sea change in supply chain insurability
Recent technological advancements mean organisations are now able to better understand their supply chains far quicker than they were before, according to Marsh’s head of strategic risk consulting James Crask.
Cyborg CROs with place at top table are needed
Data analysis: Insurers where chief risk officers, supported by artificial intelligence, have a seat at the top table are most likely to succeed over the next decade, according to a report by consultancy LCP.
Q&A: Hannah Tindal, Allianz
Hannah Tindal, Allianz’s head of directors and officers in London, talks about how the insurer is dealing with risks highlighted by the Allianz Risk Barometer from a liability perspective.
Axa’s Walker on providing certainty in an uncertain world
View from the Top: Jon Walker, CEO of Axa UK Commercial, says insurers’ insight is key to making this country more resilient to floods and the other effects of climate change.
Cyber Monitoring Centre appoints former NCSC head Ciaran Martin
Ciaran Martin, who ran the UK’s National Cyber Security Centre from its inception until 2020, has been appointed as chair of the newly-launched Cyber Monitoring Centre’s technical committee.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
AI-driven false information tops short-term risks ranking
Artificial intelligence-driven misinformation and disinformation has topped the World Economic Forum’s list of short-term risks, while environmental risks continue to dominate the long-term picture.
Should UK insurers brace for more strong tornadoes?
After homes in Manchester were torn apart by Storm Gerrit, Tegwen Gabb, senior weather and climate analyst at Eurotempest, examines whether tornadoes could become increasingly frequent in the UK and the consequences for the insurance industry.
’Tis the season to receive claims about Christmas parties
Ho ho ho, it’s the season when alcohol flows and employees let their hair down after a busy year. Frances Stebbing explores what cover employers should have in place to ensure that Christmas parties don’t cause financial headaches.
Howden pleads for protection of climate-vulnerable countries
Speaking at the COP 28 summit, David Howden, founder and CEO of Howden emphasised the power the private sector has to protect vulnerable countries against the effects of climate change and unlock future investment opportunities.
Government to launch Martyn’s Law consultation after Christmas
The government will launch a consultation on proposed counterterrorism measures that smaller premises will have to take as soon as possible, according to a Home Office official.
Is the insurance industry a barrier or facilitator of net zero?
While historically the insurance industry been a barrier to net zero progress, Ofir Eyal, partner and director of business management consultant Marakon, considers the sector’s potential to facilitate the transition.
Could COP 28 leave insurers with more stranded assets?
As COP 28 kicks off on 30 November, Emma Ann Hughes examines how the race to net zero is creating stranded assets, affecting insureds and insurers.