Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
XL’s Jason Harris started his career on the oil rigs of the North Sea before moving into insurance via risk management. He explains the wide scope of his current role and the challenges facing the property and casualty market.
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
Risk departments in financial institutions are dramatically expanding and becoming increasingly embedded in the management of the business.
The recent flooding episode has highlighted shortcomings in the government’s approach to risk events according to chairman of the Institute of Risk Management, Richard Anderson.
Most sectors of the insurance industry audibly groan when presented with the possibility of increased regulation – so why are managing general agents welcoming the prospect?
Expert warns of a ‘high risk’ of adjusters being unwittingly contaminated.
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
Information on clients and prospects has never been more plentiful or available.
The China Insurance Regulatory Commission has issued a directive that insurers need to include reputational risk management in their risk management framework.
Extreme weather is here to stay – the industry must adopt long-term measures to reduce property damage.
How can the industry use increasingly sophisticated data to assess flood risk more accurately?
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
According to a recent BBC report, the South East and Central Southern England had a record 175.2mm of rainfall in January – beating the previous record of 158.2mm, set in 1988.
Ahead of Sochi, Sportscover Europe business development director Paul Thomas looks at the insurance risks behind the 22nd Winter Olympic Games.
Shadow business secretary accuses six employment agencies of mis-selling.
Businesses perceived an increase in overall risks faced so why is risk management still so hit and miss.
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Legal Update: Sports Injuries: NFL concussion payout should act as a warning to UK sports bodies and insurers
Emma Baldwin says claims for long-term injuries caused by sport could be on the rise.
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
More than half of UK businesses are taking more risks than previously in order to win new business, according to research from QBE.
The Operational Risk Consortium has appointed Aviva group operational risk director Michael Sicsic as its board chair.
Government planning to endorse common standard for cyber security by March.
More openness and better modeling is needed to provide a better service for an ever-changing world.