Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk has risen in 20 of the 28 European Union member states over the last year with the bloc recording the highest rise of any region in the world, according to new research from Verisk Maplecroft. Verisk Maplecroft’s second annual Modern Slavery Index (MSI) suggests that European business must do more to tackle modern slavery and pay closer…

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Global business leaders have named economic risks – specifically unemployment in first place, followed by fiscal crises – as the top threats facing their organisation for the next ten years, according to a new survey by the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks…

German risk managers upping game to meet the big risks

German risk managers upping game to meet the big risks

German risk managers upping game to meet the big risks

German risk managers taking part in our European Risk Frontiers survey identified economic, political and social uncertainty as the main risks currently facing German companies as they, along with all other companies in Europe, rapidly work out how to cope with the changing conditions in which their companies operate. The fundamental job of the risk manager is to try and…

Hoping for a business-friendly government

Hoping for a business-friendly government

Hoping for a business-friendly government

German voters go to the polls on 24 September and – as recent elections in the US, UK and France have shown – political change can have a significant impact on the risk profile of a country, its economy and companies that operate within it. Associations such as GVNW do not of course take political positions, but, as this group…

New bespoke approach needed for cyber cover

New bespoke approach needed for cyber cover

New bespoke approach needed for cyber cover

Like others across Europe, German risk managers have complained that they don’t want to be sold cyber insurance as a separate line, and would prefer to see it included within their existing coverage. Taking part in our European Risk Frontiers survey, Christian Böhm of Freudenberg Group said: “Cyber risk is totally different for each company. Companies are organised in different…

Continuing soft market not 100% good news for buyers

Continuing soft market not 100% good news for buyers

Continuing soft market not 100% good news for buyers

The German risk and insurance management community agrees with its European peers that there is no overall hardening of the commercial and corporate insurance market on the horizon. Insurance managers at German companies interviewed for our European Risk Frontiers survey expect to be able to secure competitive terms and conditions for the foreseeable future, despite tough words from some leading…

No need for state intervention on cyber as market evolving steadily, says HDI Global

No need for state intervention on cyber as market evolving steadily, says HDI Global

No need for state intervention on cyber as market evolving steadily, says HDI Global

Patrick Smolka is head of financial lines at European Risk Frontiers survey sponsor HDI Global in Germany. Adrian Ladbury, editor of Commercial Risk Europe, asked Mr Smolka how he believes cyber risk is best managed and transferred. Adrian Ladbury (AL): Who should be responsible for cyber risk within a corporation? How should this risk be most effectively managed? Patrick Smolka…

Big gaps remain in German cyber market but offering rapidly maturing: SUEDVERS

Big gaps remain in German cyber market but offering rapidly maturing: SUEDVERS

Big gaps remain in German cyber market but offering rapidly maturing: SUEDVERS

SUEDVERS, the family-owned broker based in Freiburg with 15 offices across Germany and Austria, is the German representative of the Worldwide Broker Network, sponsor of this year’s European Risk Frontiers survey. Commercial Risk Europe editor Adrian Ladbury asked its cyber experts, Bernd Eriksen and Dr Tilman Golz, how they believe this critical risk needs to be managed and most effectively transferred. Adrian Ladbury…

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains the leading global financial centre according to the latest Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute. The GFCI rates 92 financial centres and found that London and New York remain in first and second places. According to Z/Yen, despite the ongoing Brexit negotiations, London only fell two points, the smallest…

No rate increases for German buyers, says Mahnke

No rate increases for German buyers, says Mahnke

No rate increases for German buyers, says Mahnke

Increased capacity within industrial insurance from new carriers means German companies will continue to enjoy current market conditions and not face rate increases, Alexander Mahnke, president of the GVNW, told delegates during his opening speech at the association’s symposium in Munich yesterday. “Rate increases are not reckoned with,” said Mr Mahnke, who is also head of insurance at Siemens. Despite…

1 2 3 41