Risk Management
Interview: Lisa Bartlett, Crawford & Company
Having spent her career working for brokers and then an insurer, Crawford & Company’s new UK and Ireland president Lisa Bartlett speaks to Jonathan Swift about why she has now thrown herself into claims management and loss adjusting, and how she is…
Insurance Monitor: Act now to start repairing the reputational damage
In this month’s column, David Worsfold, looks at insurers’ reputation as they respond to the coronavirus, at why being flexible is key and what the long-term impacts might be
Airmic stops planning for 2020 conference
The coronavirus pandemic has led risk managers’ association Airmic to press pause on planning for its annual conference, which had been set to take place at Edinburgh’s EICC in June.
Non-damage extensions could provide BI cover but claims will be difficult, says Marsh
Businesses’ insurance programmes are most likely to respond to disruption caused by the coronavirus pandemic through non-damage extensions but only after a difficult claims process, Marsh UK practice leaders have said.
Blog: Covid-19: ‘boiler plate’ clauses and statutory obligations will come into sharp focus in the coming months
Business interruption policies have come under the spotlight with the coronovirus pandemic but Tamsin Hyland, an associate solicitor at Plexus Law, explains that as real life business continuity begins to be enacted, changing risk management could put…
RIMS cancels US conference for first time in 70-year history due to coronavirus concerns
North America’s Risk Management Society has cancelled its annual conference and exhibition in light of growing concerns about the spread of the coronavirus.
Lloyd’s closes underwriting room in coronavirus exercise
On Friday Lloyd’s will close its underwriting room at 1 Lime Street as it tests its alternative trading protocols.
Blog: What the future holds for insurance and healthcare
The insurance industry is at something of a crossroads, with regulatory requirements insisting on total transparency in terms of advice and access, and a number of other challenges around capital and distribution. Paul Goodhind, partner and chief…
'Disappointing' Aon/WTW merger could see risk managers turn backs on broking giants, warns Airmic CEO
The UK risk management association Airmic has voiced disappointment at Aon’s merger with Willis Towers Watson, warning that its members are prepared to turn to alternative modes of risk transfer if they feel they aren’t getting value for money.
Analysis: How are insurers responding to the rise of cryptocurrencies?
The use of cryptocurrencies continues to grow with investors increasingly regarding them as another asset class, while an increasing number of companies and countries now accept them as valid forms of currency
Trade Voice: John Ludlow of Airmic on using the harsh market to forge closer relations with clients
John Ludlow, CEO of Airmic, argues that 2020 should be the year where insurance moves from a tripartite to roundtable relationship.
Natural England chair Tony Juniper urges insurers to back upcoming climate talks
The chair of Natural England, Tony Juniper, yesterday urged insurers to put their weight behind upcoming climate change talks in Glasgow later this year.
Flood impact driving on claims surge after storms Dennis and Ciara
The "significant" impact of river flooding is expected to persist over the next few days, the Environment Agency confirmed, as insurers continue to receive a surge of claims on the back of storms Dennis and Ciara.
Blog: Flooding - why insurers should share data on risks with companies in their supply chains
The changing global climate has once again brought widespread flooding to the UK and this extends far beyond coastal and river flooding, writes Neil Stothert, managing director at RSK Raw.
Insurers and organisers count cost of events cancelled by coronavirus
Organisers and event insurers face uncertainty over what cancellations stemming from the ongoing Covid-19 coronavirus outbreak will cost them, as wordings are pored over and new policies have cover for the virus stripped out.
Cybercriminals look to exploit panic over coronavirus outbreak
Cybercriminals are increasingly using crisis events such as the ongoing Covid-19 coronavirus outbreak to breach the security systems of businesses and individuals.
Allianz confirms scrapping of Saracens deal
Allianz has confirmed that it will end its headline sponsorship of Saracens this year 12 months ahead of schedule.
Insurance policies likely to provide limited protection from coronavirus costs
Businesses seeking to use insurance to recoup costs incurred by the ongoing coronavirus outbreak are likely to find their cover wanting, due to a raft of exclusions, stringent notification criteria and sublimits.
Analysis: Insuring care for the elderly – is the insurance sector up to the challenge?
Prime Minister Boris Johnson may be the Brexiteers’ main man, but can he also deliver the goods when it comes to caring for the UK’s growing elderly population?
Don't underwrite electric vehicle risks in isolation of claims: Allianz GCS practice group leader Schultz
In order for insurers to better adapt to the wider adoption of electric vehicles they need to make sure that they not managing these risks in silos, a global player has warned.
This week: The wait is over
The wait began in 2017, and many of us felt that the agonising limbo might never end. But after two and a half years, the wait is finally over. That’s right: Kesha’s new album is out today.
A matter of when, not if, for personal lines parametric insurance: Scor's Jonathan Clark
Parametric insurance is unlikely to replace conventional indemnity products, but there is a strong likelihood that it will become more widely used, even in personal lines, in the future, a conference heard.
People buy insurance to transfer risk, not because you are 'technologically cool': Aon claims boss Harrison
Insurers and brokers should not lose sight of the fact that customers buy insurance to transfer risk, and not because a provider has something “technologically cool,” a conference heard.
Blog: 2020 – a year of tipping points
2020 could prove to be a year of significant risk tipping points for insurers, many of them driven by fast-paced political and cultural change says Simon Laird, global head of insurance at RPC.