Cyber: Facing a new frontier of risk

Cyber: Facing a new frontier of risk

Cyber: Facing a new frontier of risk

Businesses around the world are beginning to realise the full-scale enormity of cyber risk. This collective realisation is spurring the urgent need for a larger discussion – one that takes place not in IT offices, but in the boardroom. Data breaches are no longer simply an issue for IT staff. Take, for example, the Equifax data breach in May 2017,…

Supporting the business traveller

Supporting the business traveller

Supporting the business traveller

Employees of multinational firms are no strangers to the needs and demands of business travel, whether it be sales teams, IT teams, or senior managers. While most business travellers are generally pretty savvy, it is hard to prepare for every scenario. In the event of an incident when travelling, employees want to be sure that they are properly cared for…

Political risk: Insights for your firm

Political risk: Insights for your firm

Political risk: Insights for your firm

Today, as many businesses wonder how to thrive amid political uncertainty, companies with experience in emerging markets can offer insights to help with the changing business environment. One common solution chosen by companies operating in emerging markets is political risk insurance. Political risk insurance both helps protect businesses against the risk of losing investments and helps companies secure funds for…

Future looking good for global programmes

Future looking good for global programmes

Future looking good for global programmes

Is there an increased demand for global solutions from continental European organisations with global insurance programmes? Or are companies sticking with local programmes/covers? Absolutely, we still see a move towards global programmes. The number of underlyers that we issue that are part of global programmes has increased year on year for as long as I can remember (5% last year).…

M&A insurance comes of age

M&A insurance comes of age

M&A insurance comes of age

AIG claims statistics show that M&A insurance buyers are getting their money’s worth, particularly on the largest, most complex cross-border M&A deals. In AIG’s latest claims intelligence report, claims trends from some of the largest programme M&A transactions are considered. The report captures the growing maturity and credibility of the M&A insurance market, analysing warranty and indemnity (W&I) policies issued…

Increasing need for D&O insurance in Asia

Increasing need for D&O insurance in Asia

Increasing need for D&O insurance in Asia

In today’s increasingly litigious business environment, directors and officers face constantly evolving risks and liabilities from regulators and investors, not just in their home market but everywhere the company has operations. Senior leadership are now more likely to have a claim laid against them than ever before. This is becoming a major issue in Asia, where a heightened regulatory environment…

When people are in the firing line

When people are in the firing line

When people are in the firing line

Jonathan Gregory, global head of kidnap and ransom at AIG, explains why a changing terrorism threat landscape requires businesses to rethink their approach to risk and insurance. The Westminster attack in London on 22 March 2017 is indicative of the current terrorism threat in Organisation for Economic Co-operation and Development (OECD) countries. In an era where complex plots involving several…

Environmental impairment liability comes of age

Environmental impairment liability comes of age

Environmental impairment liability comes of age

As environmental impairment liability (EIL) claims frequency and severity trends upwards, Peter Jarvis, head of environmental product, Europe, at AIG, considers whether environmental liability should continue to be viewed as an ‘emerging risk’. Environmental damage claims are becoming more frequent, impacting a wider range of industries than ever before, while remediation costs are creeping steadily upwards. This is the conclusion…

Cyber risks and the supply chain

Cyber risks and the supply chain

Cyber risks and the supply chain

Supply chain risk is a growing problem for companies, but one area that can sometimes be overlooked is the issue of supply chain cyber risk. Multinationals are increasingly reliant on third-party service providers and if any of these suffer disruption or a cyber attack, it could have significant financial repercussions, or result in a loss of customers. But where a…