Risk Management
2024 AI handbook for insurance leaders
AI will touch nearly every aspect of insurance - from broker operations to underwriting to risk management to claims processing and beyond. Insurers that adopt AI effectively will have an insurmountable advantage.
Spotlight: Why we need risk management for everyone, not just the 2%
For over 200 years, the insurance industry has understood the benefits of risk management in reducing and controlling exposure. But in a world of emerging and evolving risks, the traditional way of making improvements through site surveys creates a…
Spotlight: Emerging risks in the property sector
The property sector faces a number of long-established risks from storms and floods to subsidence and fires. However, new risks are emerging all the time and the insurance industry must make sure customers are aware and are prepared to face them. Tim…
Spotlight: UK businesses brace for evolving claims risks
It’s not just a rise in extreme weather events that is contributing to the claims tally for UK businesses. Tim Evershed explores the gaps in insurance cover in the workplace
Howden and Microsoft launch climate risk platform
Howden has collaborated with Microsoft on a platform aimed at enabling clients to manage climate risk and increase climate resilience.
ESG Spotlight: Can SME commercial insurers drive profitable growth with ESG data?
ESG continues to act as a catalyst for change, with its reach having extended to the UK SME sector.
Terrorism legislation ‘likely’ to result in increased D&O claims
Legislation tabled in parliament last week is “likely” to result in more directors’ and officers’ claims and renewed demand for public liability cover, law firm DAC Beachcroft has warned.
ESG Spotlight: Ethics, talent and underwriting profit - how ESG can help insurers
Although most insurers are not yet fully embracing ESG in working practices, a group of UK insurers are showing best practice – from pricing and underwriting to staff motivation and community investment.
Look to the skies to manage climate change risk
By leveraging advanced technologies like satellite data, Forbes McKenzie, founder and CEO of McKenzie Intelligence Services, argues insurers can better predict, manage and mitigate the impact of increasingly common frequency and severe natural disasters.
Government uncertain on Martyn’s Law’s insurance implications
Martyn’s Law, which will require public venues to boost their preparedness for terrorist attacks, has finally been introduced to parliament.
ESG Spotlight: The ESG opportunity for SME brokers
As ESG becomes more important to SMEs, Saxon East says brokers can work with forward-thinking insurers to help their clients.
ESG Spotlight: Ethics, talent and underwriting profit – how ESG can help insurers
While there is a lack of clarity on how insurers can embed ESG into working practices, despite its growing importance, Saxon East reports some insurers are showing the way.
ESG Spotlight: Can SME commercial insurers drive profitable growth with ESG data?
ESG continues to act as a catalyst for change across business operations and culture with its reach having extended to the UK SME sector. What does this mean for SME commercial insurers and can they use ESG data to better assess risk and create…
Whose role is it anyway? Helping consumers with the lasting impact of the cost of living crisis
68% of Europeans think insurance premiums are excessively high, highlighting the importance for many to access affordable products.
Fraud Spotlight: ID fraud now hardest to spot, say insurance leaders
Identity fraud was named as the fraud typology most difficult to detect, according to the 2024 Insurance Post Fraud Survey sponsored by LexisNexis Risk Solutions.
Fraud Spotlight: Insurers face ‘cat-and-mouse’ with fraudsters
There has been a marked increase in opportunistic claims fraud, according to the Insurance Post Fraud Survey 2024 conducted in association with LexisNexis Risk Solutions.
Hot works – how not to get burned
Risk improvement can boost an insurer’s bottom line and help customers avoid damaging and disruptive incidents. However, RiskSTOP’s Lisa Beaton finds underwriters’ risk requirements are not always valued, and that one intervention presents a particular…
HSB Knowledge Squad Podcast: The true cost of not having equipment breakdown insurance
Following our whitepaper, HSB’s Andrew Bazley, Alan Cain, and Andy Meanock discuss the commercial realities of equipment failures and how they can impact customers’ finances, and the trends and risk considerations you need to be aware of.
Post-termination restrictions for partners and senior team members
If an employee or partner has knowledge of your clients and techniques, your strategic plans and staff data could be attractive to competitors.
Navigating data breach compensation claims
The extent to which damages can be claimed in the event of a data breach has been a hot topic over the last few years.
AI insights unveiled: UK insurance leaders navigate the 2024 regulatory maze
Mind Foundry hosted workshops at the Insurance Post AI Summit to explore AI usage, challenges, and collaboration in the insurance sector.
Is it time to ditch lithium ion batteries?
News Editor's View: Scott McGee considers if government legislation to make lithium ion batteries safer is too little too late for electric vehicle insurers and whether providers’ appetites for covering such cars will only return when manufacturers…
Navigating AI regulations: Preparing for the EU AI Act and beyond
AI is facing regulatory scrutiny, as seen in the sweeping EU AI Act. As these compliance burdens increase, organisations may soon face greater risks. This guide created by Appian details how you can prepare for AI regulations now.
UK utility companies face rising cyber threat
Successful cyber attacks against UK utility companies climbed more than 500%, and some fear they could yet rise further, according to Chaucer.