Risk Management
Pool Re will respond to Manchester attack as ‘quickly as possible’
Pool Re will work with its members to resolve any claim arising from the suicide bomb attack in Manchester, the terrorism reinsurance fund has said.
Bollington boss recounts harrowing ordeal of Manchester terrorist attack
A senior insurance boss has recounted his harrowing experience of trying to collect his 14-year-old daughter and friend from Manchester Arena last night following the terrorist attacks.
Manchester Arena ‘regularly carried out terrorist response training’
The company that owns Manchester Arena had previously carried out extensive incident response planning for the threat of a terrorist attack.
Aon's Rory Moloney on why tackling risk takes the whole company
Rory Moloney, CEO of Aon Global Risk Consulting, explains why helping a company tackle risk in today’s world requires a new way of thinking.
Blog: Connected homes should get cheaper premiums
Connected devices could help household insurers offer cheaper premiums to responsible homeowners, says Craig Foster, managing director of Homeserve Labs.
JLT's Hamish Roberts on the tender trap
The vast majority of broker appointments are made as a result of an expensive tender process. Hamish Roberts, JLT’s head of business development, suggests a cheaper method that remains procurement-friendly.
More scrutiny on Luxembourg captives ahead
With increasing regulatory scrutiny, managing a captive can become challenging. Protected cell companies offer a practical alternative.
Claims aggregation: Joined-up thinking
The Supreme Court ruling in AIG has clarified the conditions under which claims can be aggregated, allowing insurers to reduce their exposure, but future cases will remain highly fact-sensitive
Legal Update: New technology risk in construction
Construction professionals using unproven technologies may inadvertently affect their professional indemnity cover if they fail to disclose all relevant information to their broker and to keep their insurer in the loop, warns Hannah Cane, partner and…
Claims: Providing a personal service
Brokers need to stand out in a competitive market and claims service is a way to make a real difference. Being there to advise, intervene – and to turn the heat up if necessary – can mean the world to a grateful client.
Allianz's Neil Clutterbuck on transforming motor insurance in the cloud
Harnessing the power of cloud computing can offer many business benefits in terms of data storage and processing, accessibility and cost. But with potential risks alongside the benefits, the opportunities it offers the insurance industry are still up for…
Blog: How to reduce litigation costs
Very few insurers effectively and proactively manage the relationship and performance of their panel law firms says Caroline O’Grady, partner at Coote O’Grady.
Europe: Insuring robots (and against robots)
Robots are becoming ubiquitous. Do we need specific insurance? And do they?
Blog: Driverless cars, potential for cyber mayhem?
Nothing is truly resilient against hacking. There’s always a trade-off between utility and the cost of protecting those systems according to Mark Hawksworth, technology specialist practice group leader at Cunningham Lindsey.
Brand reputation is top risk to companies worldwide
Brand reputation and damage is the top concern for business across the globe according to survey findings from Aon.
AIR Worldwide launches cyber risk aggregator tool
Catastrophe modelling firm AIR Worldwide has launched a cyber risk modelling tool to estimate potential insured cyber losses across an insurer's portfolio.
XL Catlin's François-Xavier d’Huart on opportunities for multinational insurers in France
French risk managers are less concerned with the domestic rise of populism than with providing their business with multinational cover, explains François-Xavier d’Huart, head of client and broker management, France, for XL Catlin.
Trade voice: CILA'S Malcolm Hyde on business ethics
Business ethics has become increasingly important in recent years for many reasons, including increased stakeholder scrutiny. This is not surprising in the light of financial institutions’ scandals, the MPs’ expenses scandal and perhaps the influence of…
Chubb's Jeremy Miles on the battle between algorithms and service
Last month, The Economist magazine featured a provocative article on disruption of the insurance sector that examined how businesses are using technology to re-engineer the underwriting model.
Blog: H&S obligations for construction subcontractors
The recovery of the construction sector to pre-2008 levels in some regions provided welcome news at the start of 2017 to those supporting contractors in the UK. However, with an increase in construction work, there is a heightened pressure for skills…
Blog: How to destroy data securely
As an insurance company, it is absolutely essential to take extra care when destroying documents or materials containing any sort of personal or financial information.
Blog: IoT 2017 - It's not all about data
As an insurer, understanding the Internet of Things and solutions it offers to our customers is one of our key priorities. But we also know that if we only think about IoT and insurance from one perspective, it can lead to the wrong answer. We need to…
Blog: Risk of flooding will not decrease without collaboration
As an insurer, we do unfortunately see first-hand the devastating impact flooding can have on homes and livelihoods.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.