BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk experts from 80 countries polled for the latest Allianz Risk Barometer. The survey by Allianz Global Corporate & Specialty (AGCS), reveals that BI and cyber also remain the leading two risks in Europe, where changes to legislation/regulation and natural catastrophes…

Growing signs that nanotechnology poses ‘new asbestos’ risk: Clyde & Co

Growing signs that nanotechnology poses ‘new asbestos’ risk: Clyde & Co

Growing signs that nanotechnology poses ‘new asbestos’ risk: Clyde & Co

Fears that nanomaterials could be the next asbestos are starting to gather momentum, according to Clyde & Co in a set of risk predictions and emerging trends for the year ahead. Although other risks have been labelled the “new asbestos”, Clyde & Co said nanotechnology “may be shaping up to be deserving of the epithet”. “The parallels with asbestos are…

Future of German D&O market hangs in the balance: Clyde & Co

Future of German D&O market hangs in the balance: Clyde & Co

Future of German D&O market hangs in the balance: Clyde & Co

The fallout from German car manufacturers’ “dieselgate” revelations is likely to reach the court rooms next year and will deliver a “kill or cure” for the German D&O market, according to a set of predictions from Clyde & Co for 2018. The law firm also comments on the Ogden rate and autonomous vehicle legislation in the UK. Clyde & Co’s…

Advertorial: Your refrigerator – appliance or accomplice?

Advertorial: Your refrigerator – appliance or accomplice?

Advertorial: Your refrigerator – appliance or accomplice?

If hackers are hungry enough for information, your refrigerator is not off limits. They are not interested in what’s inside it. Rather they want to get inside, gaining access to the computer network it is connected to so they can steal whatever information, online credentials or data they can get their hands on. To a hacker, every Internet-connected refrigerator, smart…

Parametric insurance proposed for Morocco to protect against drought

Parametric insurance proposed for Morocco to protect against drought

Parametric insurance proposed for Morocco to protect against drought

The Moroccan government is a step nearer a parametric insurance solution to protect against drought – one of the largest risks facing Moroccan farmers. Following an international call for tenders, French consultant Finactu has been selected to support the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water & Forests in setting up and monitoring parametric insurance against the consequences…

UK’s driverless vehicle insurance legislation needs more clarity, says Clyde & Co

UK’s driverless vehicle insurance legislation needs more clarity, says Clyde & Co

UK’s driverless vehicle insurance legislation needs more clarity, says Clyde & Co

UK legislation to extend compulsory motor insurance to driverless vehicles is crucial to the technology’s future but requires clearer definitions in key areas, according to Clyde & Co. The Automated and Electric Vehicles Bill, which is expected to be enacted next year, has been developed using insurance industry proposals. The bill would adopt a single insurer model to cover drivers’…

Buyers seek holistic ‘cashflow’ solutions

Buyers seek holistic ‘cashflow’ solutions

Buyers seek holistic ‘cashflow’ solutions

Large corporates are placing more emphasis on protecting cashflow than physical assets and this transition demands more innovative insurance solutions, according to a breakout panel debate at the Ferma Forum in Monte Carlo. Introducing the debate, Chris Lajtha, founder of risk consultancy Adageo, said that commercial insurance addresses just a relatively small percentage of companies’ exposures to volatility and unforeseen…

Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

New insurance mechanisms are emerging for Africa as the world grapples with the aftermath of natural catastrophes and as the risks associated with climate change come into sharper focus. This month, the German city of Bonn will be the venue for the United Nations Climate Change Conference (COP23). Playing host at the event, however, is the small island state of Fiji.…

Insurers not doing enough with technology and innovation, say risk managers

Insurers not doing enough with technology and innovation, say risk managers

Insurers not doing enough with technology and innovation, say risk managers

Asia’s Risk managers have such low expectations of insurers’ and their ability to innovate that two thirds of them believe they will never receive a policy document on the day of inception in their lifetime. This revelation was one of the more striking findings from this year’s Risk Frontiers Asia survey, produced by Commercial Risk Asia in partnership with Parima…

Ironshore ups political risk capacity for APAC amid ongoing uncertainty

Ironshore ups political risk capacity for APAC amid ongoing uncertainty

Ironshore ups political risk capacity for APAC amid ongoing uncertainty

Specialty insurer Ironshore has expanded its political risk business lines in Asia-Pacific, by increasing capacity for its Singapore-based political risk and trade credit unit from $15m to $50m and hiring a new underwriter. Sam Lim joins from AIG and will report to Boo Hui Yun, managing director of Ironshore Asia-Pacific. The extra capacity is a result of greater concern about…

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