Risk Management
DWF bosses reveal growth plan following restructure
Matthew Doughty, CEO of Insurance at DWF, has revealed the legal and business service provider is looking to grow by doing more end-to-end business with existing clients, attracting new insurers and hiring more partners “from competitors”.
Pool Re welcomes Martyn’s Law draft legislation
Pool Re welcomed the publication of draft legislation that will require publicly accessible premises to increase efforts to mitigate against terrorism risk.
More exits possible as Hannover Re becomes third member to leave NZIA
After a Moody's report stated two founding members of the Net Zero Insurance Alliance left because of "material antitrust risks", Hannover Re has decided to leave the alliance.
Insurtechs raise fears over AI regulation
Insurtech chiefs have raised concerns about the government's plans to regulate artificial intelligence, warning red tape could restrict innovation.
British Insurance Awards 2023 shortlist revealed
The shortlist of the 29th British Insurance Awards, which will take place at the Royal Albert Hall on 5 July, is announced today.
Film and TV insurers grappling with fresh virtual production risks
Insurers and brokers working with film and TV productions are racing to grasp to risk implications of the biggest technological change in filmmaking in decades.
Today is the final deadline for entering the 2023 British Insurance Awards
With entries closing at 5:00pm today, time is ticking for you to get your entry in for the 2023 British Insurance Awards.
‘Serious concerns’ about Ombudsman power to increase redress awards by 20% in two years
Industry experts shared concerns that the Financial Ombudsman Service's award limits are “very high” and could push small firms out of business.
Insurtechs send Chancellor ‘thank you’ letter after HSBC rescue of SVB UK
The UK insurtech sector has praised HSBC’s acquisition of the UK arm of Silicon Valley Bank, following its collapse on 10 March.
In it, to win it! The British Insurance Awards 2023 deadline is 8 days away
With a closing date of 17 March, you will need to start preparing your 2023 British Insurance Awards entries sooner rather than later to make the cut; and be in with a chance of winning at the industry’s most prestigious insurance awards show.
Jensten buys three brokers; CFC launches IP solution; Optio appoints CEO
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Affordable housing - lessons from this year’s subsidence surge
Blog: In light of last year’s dry summer, evidence of a surge in subsidence damage to UK properties emerged when insurer LV reported a 205% rise in cases between June and July this year alone. Mark Curtis, associate director at Brawdia considers the…
Cloud migrations and third parties present cyber security challenges, says Resilience
Cloud migrations and digital transformation projects are increasing organisations’ risk of being susceptible to cyber attacks, managing general agent Resilience warns.
Hazards are still stalking the high seas for marine insurers
Analysis: David Worsfold examines how the Russia and Ukraine war has presented marine insurers with several tricky challenges, including insuring ships in the safe-grain corridor, and keeping abreast of the constantly changing sanctions regimes.
Trade Voice: Airmic’s Julia Graham on how the industry is shaping up in an uncertain world
Julia Graham, Airmic CEO, says that there’s no use in waiting for normality to return, and that the industry must instead continue the work of becoming more resilient in the face of multiplying risks.
Why property insurers are struggling to control claims costs
Analysis: Sam Barrett explores how inflation, increased labour costs plus material shortages are pushing up property insurance claims costs and why working with loss adjusters to remove frictional cost is essential.
Marsh under fire for acting as insurance broker for pipeline
Campaigners Insure Our Future have written to the CEOs of Aon, Gallagher, Marsh and Willis Towers Watson asking them to refuse to broker insurance for the East African Crude Oil Pipeline.
Aviva changing approach for customers with mental health conditions after ‘asking too many questions’
Aviva has acknowledged it has asked “too many questions” to people who reveal mental health conditions, and that it needs to do more to support these customers.
How EU ruling pushed up the price of motor insurance
Analysis: Frances Stebbing explores the impact of the European Union’s gender-neutral pricing rules on how motor insurance is underwritten and priced today.
Implications of illegal, unreported and unregulated fishing on insurance
Blog: Lindsay Getschel, outreach and engagement associate at Ocean Risk and Resilience Action Alliance explores the impact of illegal, unreported and unregulated fishing on the insurance industry.
Why climate change is the biggest risk facing businesses
Data analysis: Insurance Post examines data to identify the top commercial insurance risks for the next 12 months and beyond, based on the insight of risk management experts, and examines how insurers are adapting policies and approaches to protect…
Government unveils plans for stronger protection against terrorism attacks
Insurers have called new legislation, which will be introduced to tighten security at venues in the wake of the Manchester Arena bombing, an “important step in enhancing the protection of the UK’s publicly accessible locations."
The insurance challenges facing churches this Christmas
As the cost-of-living crisis causes many to feel the pinch this Christmas churches and places of worship have been undergoing a transformation when it comes to the use of the house of God, one that the specialist insurers in the market have had to…
Intelligence: Is drone insurance a market that is still waiting to take off?
Four years on from a drone incident at Gatwick Airport, Martin Friel investigates whether the use of unmanned air vehicles has exploded as predicted and the opportunities this could open up for the insurance sector.