Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

In the past few months: a self-driving pod developed by Oxbotica made its debut in Milton Keynes, England; a self-driving truck delivered a load of beer in Colorado; autonomous buses took to the streets in several cities including Lyon in France, Sion in Switzerland and Dubai; and self-driving taxis were introduced in Singapore. For many people, seeing or riding in…

A legal guide to cyber BI cover in Asia

A legal guide to cyber BI cover in Asia

A legal guide to cyber BI cover in Asia

Business interruption (BI) insurance, in the traditional context of commercial property insurance, is well established. While in Asia BI wordings are largely consistent, the wordings found in most traditional BI policies have not been universally adopted in the modern context of cyber risk/data breach BI insurance which, broadly, is directed at the disruption caused to a business through lack of…

Broker remuneration: Let’s sort it out this time!

Broker remuneration: Let’s sort it out this time!

Broker remuneration: Let’s sort it out this time!

The thorny topic of broker remuneration raised its ugly head again last month and we have to say this has been coming for quite a while now. Airmic, the UK risk management association, brought the topic to the fore in March via a report that reveals rising levels of concern among its members about the way in which brokers are…

United Airlines reels from reputation hit

United Airlines reels from reputation hit

United Airlines reels from reputation hit

If the future of United Airlines’ chief executive, Oscar Munoz, is not yet decided, his company’s name seems destined to enter the enterprise risk specialist’s hall of infamy. The airline’s reputation, and share price, has been roundly trashed since an innocent passenger, Dr David Dao, was filmed being dragged off an overbooked flight by security at Chicago O’Hare airport. The…

Europe’s new regime on insurance distribution: Germany adopts controversial approach to implementation

Europe’s new regime on insurance distribution: Germany adopts controversial approach to implementation

Europe’s new regime on insurance distribution: Germany adopts controversial approach to implementation

Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) (IDD) sets a new European legal framework for insurance distribution. The IDD has to be implemented in the member states by 23 February 2018, and first steps are being taken in this direction. On 21 November 2016, the German Federal Ministry…