Intangible risks affecting businesses could force the insurance market to restructure, says WTW's Aubert
Nicolas Aubert, head of Willis Towers Watson GB, has suggested that the insurance market consider its fundamental structure as the number of intangible risks facing businesses shows no sign of abating.
Cycling up mountains is a pretty extreme way to spread the word about the work of Alzheimer’s Society far and wide.
The president of the Federation of European Risk Managers Associations has voiced members' feelings of dissatisfaction that their insurers are not keeping up with the fourth industrial revolution.
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.
Joe Grogan, CEO of corporate division at Marsh, says the insurance offering for mid-market firms is too disjointed and complex.
Companies in the sharing economy sector are more exposed than others to the risks associated with an evolving employee base and the emergence of digital technologies, according to a report by Marsh.
Once neatly shunted to one side as an IT issue, legacy now casts a long, darkening shadow across the insurance industry
As travellers venture further afield and mobile devices touch on all areas of life, Chris Knight, head of corporate services for Cega, asks if travel insurers are missing a trick by not contacting with their customers to offer real-time risk updates.
Mapfre Global Risks is working on a UK retail proposition, says Chris Smith, chief regions and markets officer – International.
Industry loss warranties could play a bigger role in cyber as it becomes a long-tail risk, explains Tom Johansmeyer, assistant vice-president at Verisk Insurance Solutions
Faced with events that cascade from one risk class to others, insurers need to review their underwriting strategies.
The world of fine art and specie underwriting needs to be as creative as the artworks it insures, explainsTania Bensoussan-Arthur, manager of XL Catlin's Specialty business in France.
The significance of intellectual property risks has not translated into a large demand for IP insurance policies - yet
Susanna Marsden, claims executive at the TT Club, looks at the causes of cyber crime, risks to ports and ships, as well as the practical issues affecting insurers and brokers.
Claims Club: Brokers tell insurers there is disconnect between internal ambitions and the claims reality
Insurers need to improve internal communication and break down silos to provide brokers and their customers a better service.
The chief operating officer of Co-op Insurance has called on the insurance industry to collaborate better during major flood events.
The insurance industry is not doing enough to protect clients from underinsurance in liability claims as a result of the Ogden discount rate changes, the sector has been warned.
Securities class actions are on the increase as law firms target smaller companies and focus on litigation related to initial public offerings
The insurance sector needs to rethink its approach to risk management in order to drive innovation and take advantage of technological change, said Aon's global CEO of analytics.
Insurers shouldn't use data analytics just to drive efficiencies but also to innovate in terms of risk management, writes Paul Dix, insurance strategy consultant at CGI UK.
The risk landscape in renewable energy is constantly changing and underwriters need to exercise proper due diligence, argues Fraser McLachlan, CEO of Gcube Underwriting.
Commercial and residential landlords are facing increaded risks from a more litigious society and Nigel Todd, head of real estate at JLT Specialty, questions whether liability limits being purchased are sufficient for the increased exposures.
GI CEO Colm Holmes discusses Aviva UK's 'social purpose' and how it is helping customers defy uncertainty.