ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

The EU has presented guidelines to build a transversal adaptation system for environmental emergencies to help better cope with natural catastrophes across the continent. The EU is increasingly focusing on containment and adaptation policies relating to climate change. This latest initiative is being rolled out based on a strategy that was originally devised in 2013. The current effort shifts the…

More awareness needed of bioterrorism risk: Carnegie-Brown

More awareness needed of bioterrorism risk: Carnegie-Brown

More awareness needed of bioterrorism risk: Carnegie-Brown

Lloyd’s chairman Bruce Carnegie-Brown has called for greater awareness among UK companies of the risk from bioterrorism. Increased public-private partnerships (PPPs) and ensuring more contingent capability must also be pursued if the UK’s corporate sector is to manage the growing threat of chemical, biological, radiological and nuclear (CBRN) attacks, said Mr Carnegie-Brown. The Lloyd’s chief made his remarks at a…

Covid-19 disruption triggers rise in risk trend analysis, finds BCI

Covid-19 disruption triggers rise in risk trend analysis, finds BCI

Covid-19 disruption triggers rise in risk trend analysis, finds BCI

Non-occupational disease has topped a poll of business risks by the Business Continuity Institute (BCI) after jumping from bottom position in the same survey 12 months ago, with 67% of respondents citing lack of preparedness as the main cause of business disruption last year. The survey of 365 global business continuity and risk management professionals also found that Covid-19 has…

Cat bonds: Why is the Italian horse not drinking?

Cat bonds: Why is the Italian horse not drinking?

Cat bonds: Why is the Italian horse not drinking?

Despite the relatively high exposure of Italian businesses to natural catastrophe risks, they remain underinsured and underprepared for events such as earthquakes, with the main barriers being both cost and a lack of awareness of the potential benefits offered by traditional insurance and catastrophe bonds. For Italian companies to take this very real risk more seriously and invest in the…

From cradle to grave

From cradle to grave

From cradle to grave

BELFOR, a leading restoration and recovery company, recently announced the appointment of David Cooper as head of environmental services at its UK operation. Adrian Ladbury asked Mr Cooper about his new role, the trends he sees in the environmental field and how the group’s new integrated service will help risk managers do a better job. Adrian Ladbury (AL): What were…

Half of UK corporates set to increase risk management focus on back of Covid-19

Half of UK corporates set to increase risk management focus on back of Covid-19

Half of UK corporates set to increase risk management focus on back of Covid-19

Almost half of UK corporates surveyed by Aviva expect to increase their focus on risk management this year, with roughly three quarters planning to make changes to current practices. The poll of 1,260 business leaders from organisations of all sizes, industries and locations across the UK, finds that a third expect to increase their focus on risk management in 2021.…

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption (BI) in second place and pandemic outbreak third, finds a poll of risk experts and business leaders by Allianz Global Corporate & Specialty (AGCS). BI’s position is unchanged from last year, while pandemics are a new entry in the top…

New insurance solution for water risks launched

New insurance solution for water risks launched

New insurance solution for water risks launched

Global Parametrics (GP), a provider of parametric protection against climate risks in emerging markets, has structured two risk transfer solutions using a Water Balance Index (WBI), to enable partners to provide drought and excess rainfall protection for smallholder farmers in India and Tanzania. The WBI is a multi-scalar meteorological index using monthly cumulative rainfall and potential evapotranspiration to estimate departure from the climatological norm. The index uses 40 years of daily atmospheric reanalysis data supplied by the…

This is the time for action

This is the time for action

This is the time for action

This issue of Commercial Risk Asia is wholly based on a series of in-depth interviews carried out with leading members of the Pan-Asia Risk & Insurance Management Association (Parima) for our annual Risk Frontiers survey. The point of this survey is to provide risk and insurance managers across the world with a unique platform to express their views on key…

Supporting the transition to sustainability

Supporting the transition to sustainability

Supporting the transition to sustainability

Insurers have an important role to play in sustainability, not only in terms of their own businesses and employees, but also in supporting their customers as they transition to a more sustainable future. Insurers are looking at how they are exposed to transition risk, but it is also important to talk about transition opportunities, where insurers help support their customers…

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