Lloyd’s survey shows sharing economy held back by risk fears

Lloyd’s survey shows sharing economy held back by risk fears

Lloyd’s survey shows sharing economy held back by risk fears

With only 16% of consumers worldwide actively using sharing-economy services, such as Uber or Airbnb, Lloyd’s said consumer mistrust in the new business model and differences of opinion between consumer and commerce over who should mitigate its risks, has limited the sector’s growth. In a new report accompanying the survey, Lloyd’s added that insurance cover could offer greater reassurance and…

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma has called on the eu to collect better data on – and deliver access to – climate change risk data, promote related professional risk management practices, and help organisations make use of available options to finance climate-related threats. In a position paper submitted to the EU’s Strategy on Adaptation to Climate Change consultation, the European risk management association writes…

UK rate increases fail to materialise, with market largely flat: Willis

UK rate increases fail to materialise, with market largely flat: Willis

UK rate increases fail to materialise, with market largely flat: Willis

UK corporate insurance buyers have avoided the hefty rate rises some predicted following record catastrophe-driven losses in the insurance and reinsurance markets last year, with the market largely flat, according to line-by-line analysis by Willis Towers Watson. However, with rate rises failing to materialise, buyers may instead face more selective underwriting as insurers focus on costs and reassess the quality…

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

The insurance market is still falling short when it comes to offering companies the coverage they need for emerging and some developing risks, according to Brigitte Bouquot, president of AMRAE. In response, the association will prioritise discussion with the insurance market in the year ahead to find ways to bridge the gap between risk and insurance, she added. Speaking to…

AmTrust at Lloyd’s expands space team

AmTrust at Lloyd’s expands space team

AmTrust at Lloyd’s expands space team

AmTrust at Lloyd’s has expanded its space team with the appointment of Chris Gibbs as head of space. AmTrust at Lloyd’s said it wanted to grow its space book during the next few years and bring new products to the market. Mr Gibbs joins AmTrust from Osprey Aerospace. He has previously worked as space class underwriter for Brit Insurance and…

Insurers face climate change risk mitigation ‘hurdles’, says leading thinktank

Insurers face climate change risk mitigation ‘hurdles’, says leading thinktank

Insurers face climate change risk mitigation ‘hurdles’, says leading thinktank

The insurance sector is blocked from doing more to tackle climate change, according to a new report from industry thinktank The Geneva Association. The sector is keen to “scale up” its contribution to building resilience against extreme weather events, but efforts are being hindered by several external hurdles, the report states. The Geneva Association said the insurance industry is addressing…

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…

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