Business interruption
Cyber and chemical terrorism are top threats facing business says Pool Re
The increased cyber capabilities and rise in the use of chemical agents by extremist groups are two of the emerging threats facing UK business in 2017, according to Pool Re.
Insurers must promote terrorism insurance outside of cities: Pool Re
Insurers must promote terrorism insurance to small and medium size enterprises and those outside of London, according to the latest threat report from Pool Re.
Spotlight: Claims Assistance: Providing claims support
For SMEs, the delays inherent in complex claims can mean coming perilously close to insolvency. What can brokers do to support them through the process?
Companies braced for year of uncertainty, says Allianz's Fischer Hirs
Chris Fischer Hirs, CEO of Allianz Global Corporate Specialty, has said companies worldwide are bracing for unpredictable changes this year.
New cyber coverage endorsement could minimise business interruption following an attack
Fm Global has introduced a new add-on product which gives current policy holders the opportunity to maximise their recovery from a cyber-attack.
Are travel insurers keeping pace with global terrorism?
Terrorism has changed, and consumers are now expecting more from insurers
Brokers could be responsible if SSP is unable to recover data
Brokers could be held responsible for data loss if SSP is unable to recover its document archives.
In Depth: Terrorism - Protecting the City: is the market prepared for a terror threat?
Should the insurance industry be scenario testing to ready itself for the future?
Research: State of the Risk Management Nation: Part Three: Services
In the third part of this research, Michèle Bacchus asks the risk managers whether commodotisation is a concern and discusses the merits of the services offered by the insurance industry.
Norway loses top spot to Switzerland in FM Global’s 2016 annual resilience index
Insurer FM Global’s 2016 survey into business supply chain resilience saw Norway drop to second behind Switzerland, making the central European nation most resilient to disruption according to the index.
Axa to launch tool to tackle underinsurance in commercial sector
Brokers can more accurately calculate the business interruption risk for commercial clients with a new online calculator from Axa.
Toyota suspends production across Japan following earthquakes
Carmaker giant Toyota has suspended many of its production operations across Japan as a result of a shortage of parts following two deadly earthquakes in the country.
Legal Update: Time for insurers to get ready
A growing number of cyber incidents means insurers must prepare strategies to deal with a range of new business interruption liabilities.
BI remains top global risk while cyber is UK's biggest threat
Business interruption is the top global risk for the fourth year running, according to the Allianz Risk Barometer 2016, with cyber attacks, geo-political instability and technology failure identified as new possible drivers of BI losses.
Business interruption from cyber attacks a growing concern, says AGCS
Business interruption is the top risk globally for the fourth year in succession according to Allianz's Risk Barometer 2016 - an annual survey of risk managers.
Buncefield Anniversary: A look at the explosion and the fallout from it 10 years on
The explosion at the Buncefield oil depot on 11 December 2005 was the largest explosion ever in Europe during peacetime. Safeguards failed and as a result a fuel tanker overflowed.
Man-made BI risk greater than threat from natural disaster
Business interruption claims are largely from man-made events despite risk managers fearing natural catastrophes disrupting supply, according to a report by Allianz Global Corporate & Specialty.
Europe: Cyber thieves - the nightmare before Christmas for insurers
The nights are drawing in, Christmas is coming, and retailers are getting fat on the back of Black Friday and Cyber Monday, which have boosted annual high street sales this year to record levels.
Calais Disruption: Heavy loads for hauliers
The recent migrant disruption at Calais has hit the haulage industry in the pocket. How do affected companies go about ensuring they are adequately compensated for their losses?
Expertise From A-Z: SMEs - Better use of data
There are huge amounts of data out there and it is now much easier for brokers to use and place business online – if only they were more aware of this
Expertise From A-Z: SMEs - Protecting SMEs
A Financial Conduct Authority thematic review found SMEs were being let down by claims handlers. What can the industry do to improve?
AGCS predicts global cyber premiums will reach $20bn per year by 2025
Allianz Global Corporate and Specialty forecasts cyber insurance premiums will grow globally from the current level of $2bn (£1.3bn) per year to more than $20bn over the next decade, representing a compound annual growth of more than 20%.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Reputational Risk: A rotten apple…
It takes years to build a reputation and minutes to ruin it. How can companies protect themselves against reputational risk?