Gender pay reporting becomes business risk

Gender pay reporting becomes business risk

Gender pay reporting becomes business risk

As many will have noticed, organisations reporting their gender pay gap statistics have been creating negative headlines in the press. As businesses attempt to reduce their gender pay gap, it is important to understand the risks that this can present. UK employers with 250 or more employees have until 4 April 2018 to publish their gender pay gap figures on…

Reinsurance sector fit to navigate troubled waters ahead: Kessler

Reinsurance sector fit to navigate troubled waters ahead: Kessler

Reinsurance sector fit to navigate troubled waters ahead: Kessler

As part of our Risk Perspectives series of interviews with leaders of the world’s biggest insurance and reinsurance groups, Commercial Risk Europe editor Adrian Ladbury speaks to Denis Kessler, CEO of SCOR. He is asked about the state of the reinsurance market, what it needs to do to retain relevance, and how it can help tackle massive challenges such as…

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expert underwriting skills, knowledge, vast capital and the variety of access points offered by leading global reinsurers such as SCOR, will ensure they continue to grow their business in the large corporate (re)insurance market despite ongoing competitive conditions, according to Rachel Conran, head of SCOR Business Solutions (SBS), which is dedicated to large corporate risks. As the global economy becomes…

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Environmental litigation against holding corporations for environmental damage caused by their subsidiaries abroad, globally, is increasing. In England, these claims have origins in employers liability claims of the 1990s, when the workers of foreign subsidiaries began suing holding corporations in the English courts for alleged health and safety breaches. The English courts have since been presented with several environmental claims,…

Market for de-risking pension schemes on increase

Market for de-risking pension schemes on increase

Market for de-risking pension schemes on increase

Since 2005, a market for de-risking of pensions schemes has steadily grown. In each of the last four years, more than £10bn of pension liabilities have been secured in the insurance market and  growth is expected to continue, with 2018 predicted to be a boom year. Estimates of capacity in the insurer and reinsurer market for 2018 stretch to £25bn.…

Driving forward innovation through blockchain in 2018

Driving forward innovation through blockchain in 2018

Driving forward innovation through blockchain in 2018

For the insurance market, there has arguably been no greater potential for growth and innovation in recent years than that provided by blockchain, or distributed ledger technology. To realise this potential and reap the benefits of blockchain, it is widely acknowledged that collaboration across the value chain will be vital. A number of recent announcements towards the end of 2017…

Advertorial: The future of farming? Plant the sea

Advertorial: The future of farming? Plant the sea

Advertorial: The future of farming? Plant the sea

Could ocean ‘farms’ help supply an expanding population with nutritious food produced in a sustainable manner? Innovative operations in the US, Norway and Italy suggest the answer is yes. Experts predict that agricultural production needs to increase by 60% in the next 30 years to feed a global population of nine billion people. That’s a daunting prospect. Population growth will…

ECJ offers further guidance on compulsory insurance regime

ECJ offers further guidance on compulsory insurance regime

ECJ offers further guidance on compulsory insurance regime

There has been a seemingly endless procession of decisions from the European Court of Justice (ECJ), most notably Vnuk, compelling risk managers to consider whether a range of vehicles ranging from forklifts to golf buggies required compulsory motor insurance, even when used on private land. However, it remained unclear whether a vehicle capable of dual functions, such as a tractor,…

UK motor industry begins journey to autonomous future

UK motor industry begins journey to autonomous future

UK motor industry begins journey to autonomous future

The UK is to begin its journey to an autonomous driving future in 2018, with the enactment of the Automated and Electric Vehicles Bill. The Bill, which is based on insurance industry proposals, will extend compulsory motor insurance to include the use of autonomous vehicles. The road to regulation in the UK is being watched closely by those in Europe…

Hold on to your seats for take-off in 2018

Hold on to your seats for take-off in 2018

Hold on to your seats for take-off in 2018

It is looking like 2018 will be a big year for the European risk and insurance management communities as they rise to the challenges and opportunities presented by the digital age. Cyber risk – in its many forms – will continue to dominate the agenda in Europe, not least because of the implementation of the General Data Protection Rules (GDPR)…

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