Holiday illness claims – the Spanish viewpoint

Holiday illness claims – the Spanish viewpoint

Holiday illness claims – the Spanish viewpoint

As recently reported in Commercial Risk Europe, the epidemic of holiday illness claims, predominantly being brought by British tourists against UK-based tour operators while holidaying in all-inclusive accommodation in Spain, has caused considerable problems for the Spanish tourist industry. The origins of this new risk appear to be in the activities of enterprising claims management companies. They are targeting tourists,…

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…

Cyber: Clearly a board level topic

Cyber: Clearly a board level topic

Cyber: Clearly a board level topic

VZ Insurance Services is the Swiss member of the Worldwide Broker Network (WBN), sponsor of this year’s European Risk Frontiers survey. We spoke to Oliver Hedinger, the firm’s managing director, and Marco Meili, senior expert cyber and special lines, for their views on the fast-evolving cyber risk landscape and insurance market. CRE: Who do you feel should be responsible for…

Service is key for insurers as soft market continues: Schilling

Service is key for insurers as soft market continues: Schilling

Service is key for insurers as soft market continues: Schilling

The German commercial and corporate insurance market is as competitive as elsewhere in Europe and there are few signs of a general hardening at coming renewals. Commercial Risk Europe editor Adrian Ladbury asked Dirk Schilling, head of the large corporates division at HDI Global, how he sees the market developing during the coming months and what insurers must do to…

The customer is king

The customer is king

The customer is king

The decision by Allianz Global Corporate & Specialty (AGCS) to focus board member Andreas Berger on its core German and central and eastern European (CEE) markets, as well as its Mediterranean and African regions, should be good news for risk managers in the German-speaking corporate risk and insurance market. Andreas Berger’s renewed focus on Germany and CEE markets, along with…

Turning the tide on holiday illness claims

Turning the tide on holiday illness claims

Turning the tide on holiday illness claims

Risk managers and their insurers are always on the watch for the next big trend. The recent eye-watering increase in the number of UK claims for holiday illness – targeted at tour operators, hotels and their insurers – are a salutary tale of how a sudden rise in claims can impact a sector and push premiums up. As this trend…

Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Anyone familiar with environmental liability will understand how heavily laden the subject is with regulation. Amid the excitement of the UK’s Environmental Protection Act and EU Environmental Liability Directive, it is too easy to neglect the study of a landowner’s duties at common law. Such duties may arise in negligence, for breach of statutory duty, in nuisance or under the…

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

First introduced in 2009, bitcoin has had a turbulent history that shows little sign of settling down. In spite of the drama that surrounds it, the cryptocurrency remains a topic for serious discussion. Graham Hawkins, XL Catlin’s head of fine art and specie, describes the unique characteristics of this “borderless currency”, and considers its viability for mainstream use. Aristotle was…

Parametric insurance: closing the protection gap in Asia

Parametric insurance: closing the protection gap in Asia

Parametric insurance: closing the protection gap in Asia

As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves and tropical cyclones. According to a report published by the Swiss Re Institute in February 2017, economic losses from natural catastrophes and man-made disasters in Asia amounted to $83bn in 2016, representing almost half of the world’s total. While the…