Talk, talk, talk

Talk, talk, talk

Talk, talk, talk

Communication is vital for the relationship between insured and insurer to remain sustainable, suggests Sharon van Herel, Netherlands country manager of Risk Frontiers Europe sponsor HDI Global. The importance of a sustainable insurance market cannot be overstated and risk managers need to work in partnership with insurers to enable a consistent service and secure claims payments, according to Sharon van…

New leaders for FM Global in EMEA, Asia-Pacific and the US

New leaders for FM Global in EMEA, Asia-Pacific and the US

New leaders for FM Global in EMEA, Asia-Pacific and the US

FM Global has announced a number of senior leadership changes in EMEA, Asia-Pacific and the US. This follows the forthcoming retirement of Stefano Tranquillo, who has served as senior vice-president, division manager EMEA/Asia-Pacific for almost 35 years. Phillip Johnson has been appointed senior vice-president, EMEA division manager, and will be based at FM Global’s Luxembourg office. Most recently, he served…

First global insolvency rise for decade, led by UK: Atradius

First global insolvency rise for decade, led by UK: Atradius

First global insolvency rise for decade, led by UK: Atradius

The level of global insolvencies has risen for the first time in a decade, led by the UK where the insolvency rate is expected to increase by as much as 10% in 2019, according to trade credit insurer Atradius. Across all developed markets, business failure rate increases are expected to rise 2.8% on average this year, largely driven by slower…

Buyers want more standardised cyber cover as they struggle with disparate wordings

Buyers want more standardised cyber cover as they struggle with disparate wordings

Buyers want more standardised cyber cover as they struggle with disparate wordings

Insurance buyers are struggling to get to grips with varied terms and conditions offered by different cyber insurers and want to see more standardised policies to solve the problem, according to speakers at Commercial Risk Europe’s latest conference. Speaking at the Cyber Risk Management 2019 – a force to be reckoned with conference in Brussels, Adri van der Waart, president of…

Trade credit insurers reducing exposure and raising rates over no-deal Brexit fears

Trade credit insurers reducing exposure and raising rates over no-deal Brexit fears

Trade credit insurers reducing exposure and raising rates over no-deal Brexit fears

The heightened risk of a no-deal Brexit is fuelling demand for trade credit insurance, but insurers are taking action to reduce their exposure to UK corporates and raising rates. Brexit is a big motivator for interest in credit insurance, according to Ian Watts, trade credit practice leader for Marsh JLT Specialty in the UK and Ireland. “Predictions of a large…

Insolvency risk spiking in eastern Europe, warns Atradius

Insolvency risk spiking in eastern Europe, warns Atradius

Insolvency risk spiking in eastern Europe, warns Atradius

Insolvency risk is expected to spike for companies in eastern Europe this year as economies fight against global trade tensions, the US-China trade conflict and a potential no-deal Brexit, according to trade credit insurer Atradius. In a barometer of B2B payment practices across 1,500 businesses in seven eastern European countries – Czech Republic, Hungary, Poland, Slovakia, Turkey, Bulgaria and Romania…

Dutch buyers warn procurement’s role in insurance must be carefully managed

Dutch buyers warn procurement’s role in insurance must be carefully managed

Dutch buyers warn procurement’s role in insurance must be carefully managed

A group of leading Dutch risk and insurance managers said procurement can play a role in buying commoditised insurance, but warned colleagues that any involvement in more complicated coverages must be kept to a minimum and be carefully managed. One recent area of debate and contention within the risk and insurance management community across Europe has been the supposedly greater…

The Netherlands braces for no-deal Brexit: Coface

The Netherlands braces for no-deal Brexit: Coface

The Netherlands braces for no-deal Brexit: Coface

Brexit is already having “very visible” effects on the Dutch export economy, according to Coface, which adds that a drop in the value of the pound has made products from the Netherlands less competitive in the UK. But despite Brexit and other economic headwinds, the credit insurer expects the country to deliver annual economic growth in line with the past…

Marsh figures show jump in W&I claims across EMEA

Marsh figures show jump in W&I claims across EMEA

Marsh figures show jump in W&I claims across EMEA

Marsh reports that warranty and indemnity (W&I) claim notifications are up 293% across Europe, the Middle East and Africa (EMEA) between 2016 and 2018, with the cover gaining in popularity and notifications as a proportion of policies placed rises. In its Transactional Risk Insurance Claims Study, Marsh also finds a reduction in the time taken to settle W&I claims. In…

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