Risk Management
British Insurance Awards 2022: Commercial Lines Broker of the Year: SME/Mid-Corporate - Verlingue
The judges have declared Verlingue as the commercial lines broker of the year for the SME/Mid-corporate category for its dedication in serving the market.
British Insurance Awards 2022: Technology Award - Vision Track
With its thirst for innovation, Vision Track continues to push the boundaries of possibility in telematics for the insurance industry.
British Insurance Awards 2022: Risk and Resilience Award - Zurich Insurance
Zurich’s smart, scalable solution for the construction and maintenance industry emerged as the winner in this category due to its strong focus on risk prevention and commitment to improving standards
British Insurance Awards 2022: Lloyd’s and London Market Broking Team of the Year - BPL Global
BPL Global caught the judges’ attention by enhancing its ESG credentials alongside placing complex risks, bringing global business to London, and providing quality data insight for clients.
Rishi Sunak and John Glen meeting with insurers could be 'first stage' in implementing Solvency II changes
A meeting between insurers and Chancellor of the Exchequer Rishi Sunak and Economic Secretary to the Treasury John Glen could be the “fist stage” in attempt to work out an agreement for Solvency II changes following Brexit.
Vote now for the winner of the Industry Impact Award at the British Insurance Awards 2022
Voting is now open for you to decide who should win the Industry Impact Award at the 2022 British Insurance Awards.
Intelligence: Rural crime – cutting back the harvest criminals
Plant theft in rural areas is a major issue for landowners and their insurers. Rachel Gordon explores how a specialist police unit, which was set up in 2021, is helping to tackle this type of crime, and what mitigation measures are being introduced.
Insurers ‘no longer aligned with tech advances in automotive’
Driver-centric models are “no longer sufficient” to properly assess motor risk in the age of advanced driver safety systems, Swiss Re has found.
Managing supply chain without risk trade-off is like 'building an aircraft in the air', says Swiss Re
Swiss Re is developing a database tool to map supply chains that it believes will allow clients to track and predict risk as disruptions account for almost 40% of a supplier’s economic performance.
Intelligence: Managing the fire risks associated with lithium-ion batteries
With lithium-ion batteries becoming commonplace in everyday life, Post investigates the risks associated with them, and how insurers are incorporate such risks into policy terms.
Intelligence: Insurers must brace now for the oncoming inflation storm
Inflation is front of mind for the general public – and that is no different for the insurance market. David Worsfold investigates how prepared the sector is for inflation rises and how they can make sure customers see insurance as a must-have instead of…
Consideration of systemic cyber risk threatens to prevent insurers providing 'viable solutions'
Caution from insurers mindful of the systemic cyber risk is in danger of preventing the insurance market catering to the needs of businesses, William Wright, partner and director at specialist broker Paragon, has said.
War and inflation to drive biggest commercial insurance shake-up since 9/11, says Mactavish's Carslaw
The commercial insurance market is heading for its biggest shake up in 20 years due to the knock-on effects of the war in Ukraine, inflation and other factors, Mactavish managing director Heidi Carslaw has said.
Public-private partnership to tackle systemic risks 'in the government's interest', says Pool Re CEO Clementi
Pool Re CEO Tom Clementi has said that it is in the government’s interest to pursue a public-private partnership with the insurance industry to address systemic risks.
David Howden labels sector as 'lazy' and 'lethargic' as he warns relevance of insurance is slipping away
David Howden has challenged the insurance industry and the risk managers that buy insurance to reflect on how relevant they are to the world of business.
Blog: The government must work with our industry to tackle climate change
Hannah Gurga, director general at the Association of British Insurers, explains why the government and insurance sector need to work together to help the industry maximise its contribution towards tackling climate change before it is too late, and why…
Hiscox's Gareth Wharton on why remote working has intensified the cyber threat
Cyber attacks, and the cost resulting from at attack, is increasing. Working from home has made companies more vulnerable to an attack, but as Gareth Wharton, cyber CEO at Hiscox, explains there are signs that companies are reacting more decisively.
Cyber Cube inks deal with Kroll to access 'frontline intelligence' during cyber catastrophes
Cyber Cube has struck a deal with risk consultancy Kroll that will give it access to “frontline intelligence” during unfolding cyber catastrophes.
Trade Voice: Installing EV charging points on ferries should be resisted, says London Foil
Facilitating electric vehicles being charged at sea presents a risk that the marine insurance market could do without, argues Forum of Insurance Lawyers CEO Laurence Besemer and London Foil marine sector focus team member Captain John Owen.
AIG's Baldwin on pulling together to solve today’s challenges
With the whole insurance ecosystem facing unprecedented challenges, Anthony Baldwin, UK CEO of AIG, explains why a collective market effort is need to innovate and help clients.
Blog: Using sentiment analytics to measure reputational risk
While sentiment analytics is not a new concept, its adoption by insurers has not yet been fully realised. Arguably, its biggest potential is in the area of reputational risk, writes Karim Derrick, product and innovation director at Kennedys IQ.
Brokers can play key role in Net Zero transition, says Allianz's Dixon
Brokers can play a key role in encouraging businesses to transition to Net Zero, Allianz chief underwriting officer Catherine Dixon has told Post.
Intelligence: Greening the broking industry
Insurers are shouting loud and proud about the actions they are taking on environmental, social and governance issues, and this is moving down their supply chains too. Fiona Nicolson investigates how the broking sector is being affected by this, and how…
Revolut in Allianz tie-up; AUB confirms Tysers talks; QBE poses resilience challenge; and Rear’s SPAC Financials Acquisition Corp to raise £150m via listing
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.