Risk Management
Generative AI in insurance: From ‘wild west’, to responsible adoption
How should generative AI be understood, anticipated and managed in the insurance sector?
Cyborg CROs with place at top table are needed
Data analysis: Insurers where chief risk officers, supported by artificial intelligence, have a seat at the top table are most likely to succeed over the next decade, according to a report by consultancy LCP.
Q&A: Hannah Tindal, Allianz
Hannah Tindal, Allianz’s head of directors and officers in London, talks about how the insurer is dealing with risks highlighted by the Allianz Risk Barometer from a liability perspective.
Unlock the power of connected underwriting
Underwriting requires a careful balance between speed and accuracy. In this whitepaper, you’ll learn how a low-code platform enables underwriters to reduce time to quote and boost customer satisfaction, whilst making informed, data-backed decisions.
Axa’s Walker on providing certainty in an uncertain world
View from the Top: Jon Walker, CEO of Axa UK Commercial, says insurers’ insight is key to making this country more resilient to floods and the other effects of climate change.
Cyber Monitoring Centre appoints former NCSC head Ciaran Martin
Ciaran Martin, who ran the UK’s National Cyber Security Centre from its inception until 2020, has been appointed as chair of the newly-launched Cyber Monitoring Centre’s technical committee.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
AI-driven false information tops short-term risks ranking
Artificial intelligence-driven misinformation and disinformation has topped the World Economic Forum’s list of short-term risks, while environmental risks continue to dominate the long-term picture.
Should UK insurers brace for more strong tornadoes?
After homes in Manchester were torn apart by Storm Gerrit, Tegwen Gabb, senior weather and climate analyst at Eurotempest, examines whether tornadoes could become increasingly frequent in the UK and the consequences for the insurance industry.
’Tis the season to receive claims about Christmas parties
Ho ho ho, it’s the season when alcohol flows and employees let their hair down after a busy year. Frances Stebbing explores what cover employers should have in place to ensure that Christmas parties don’t cause financial headaches.
What are the most stolen cars in the UK so far in 2023?
Car theft in the UK remains a problem, and some specific vehicles are targeted more by criminals than others. This blog runs through the most stolen cars in the UK in 2023.
Howden pleads for protection of climate-vulnerable countries
Speaking at the COP 28 summit, David Howden, founder and CEO of Howden emphasised the power the private sector has to protect vulnerable countries against the effects of climate change and unlock future investment opportunities.
Government to launch Martyn’s Law consultation after Christmas
The government will launch a consultation on proposed counterterrorism measures that smaller premises will have to take as soon as possible, according to a Home Office official.
Is the insurance industry a barrier or facilitator of net zero?
While historically the insurance industry been a barrier to net zero progress, Ofir Eyal, partner and director of business management consultant Marakon, considers the sector’s potential to facilitate the transition.
Could COP 28 leave insurers with more stranded assets?
As COP 28 kicks off on 30 November, Emma Ann Hughes examines how the race to net zero is creating stranded assets, affecting insureds and insurers.
Podcast: How climate change is transforming insurance
Climate change means the areas impacted by subsidence will double by 2050, and double again by 2080, Heikki Vesanto, manager for GIS data science at LexisNexis Risk Solutions, has warned.
Making sure insurers aren’t left high and dry with stranded assets
As we transition to a low carbon economy, Simon Konsta, disputes partner at international law firm DAC Beachcroft, explores the risk of stranded assets, which affect insurers both in terms of investment and claims.
Low-carbon materials and the problem of betterment
With COP28 kicking off this week, Nick Turner, head of surveying at Woodgate & Clark, considers the current choice of low-carbon materials in building repairs and the problem of betterment.
How insurers dodged a bullet over storm Ciarán
Tegwen Gabb, senior weather and climate analyst at Eurotempest, reveals how close the UK insurance industry came to sustaining one of its largest insured losses of all time from storm Ciarán.
Diary of an Insurer: Ecclesiastical’s Sarah Pearson
Sarah Pearson, head of enterprise risk management at Ecclesiastical Insurance, kicks off the day with Special K, helps businesses to carry on and ends the week abseiling down Derby Cathedral to support Rainbows Children’s Hospice.
SMEs must beware Black Friday too
There is always plenty of guidance for consumers, at this time of the year in the run up to Black Friday, but businesses are equally vulnerable to the same scams and really need to think about their own promotions.
Black Friday risks for SMEs
Every year, around this time in November, news pages, inboxes and search results are dominated by the words ‘Black Friday’. This content highlights three key areas that could expose SME businesses to serious legal and commercial risks.
Insurtech Excellence Award winners 2023 unveiled
The category winners in the Chartis Insurtech Excellence Awards have been announced.
Insurers are financially steady but shaky at articulating risks
Analysis of Solvency II reporting of 100 of the largest non-life UK and Ireland insurers showed the financial strength of the market remains strong but providers need to up their game on articulating operational risks.