UK election result drives greater Brexit certainty but ‘no deal’ still on the cards

UK election result drives greater Brexit certainty but ‘no deal’ still on the cards

UK election result drives greater Brexit certainty but ‘no deal’ still on the cards

The UK general election that delivered the Conservative party a big majority has handed the insurance industry “more certainty than we’ve known for three years”, according to Jennette Newman, partner at Clyde & Co and vice-president of UK FOIL. But she warned that the threat of a no-deal Brexit at the end of next year still looms. On declaring his…

UK firms risk non-payment of Brexit insurance claims, warns Mactavish

UK firms risk non-payment of Brexit insurance claims, warns Mactavish

UK firms risk non-payment of Brexit insurance claims, warns Mactavish

Just 25% of UK businesses facing Brexit-related risks have informed their insurers, putting claims at high risk of being rejected, according to new research from Mactavish. The firm added that individual directors could be exposed to litigation if they fail to inform insurers of such risks because of traditional limitations in D&O insurance. Mactavish found that 22% of senior executives…

GDPR now ‘business as normal’ for risk managers

GDPR now ‘business as normal’ for risk managers

GDPR now ‘business as normal’ for risk managers

Almost 18 months after implementation, the EU’s new data protection rules are being viewed as a risk just like any other, according to a report and webinar from Ferma. The implementation of the General Data Protection Regulation (GDPR) in May 2018 caused much concern and uncertainty for companies processing personal data of EU citizens. The rules, which introduced tough data…

Insurers look to put a price on climate change risk

Insurers look to put a price on climate change risk

Insurers look to put a price on climate change risk

Insurers and risk managers need to model and price for climate change risk and build resilience, as a warmer world looks ever more likely, according to Zurich Insurance Group. Two studies published last week indicate the risks of a warmer world are increasing, as governments fail to adequately tackle climate change. The latest annual UN emissions gap report reveals that…

EC proposes new collective redress directive as VW faces up to latest action in UK and Germany

EC proposes new collective redress directive as VW faces up to latest action in UK and Germany

EC proposes new collective redress directive as VW faces up to latest action in UK and Germany

The European Council has taken a big step forward in the protection of consumer interests in Europe, by adopting a general approach on the European Commission’s (EC) proposal for a directive on representative actions for the protection of consumers’ collective interest. The EC explained that the new rules will enable consumers to claim their rights not only individually but also…

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

A failure by corporates to improve climate risk disclosure would invite further regulation, according to experts taking part in a webinar hosted by Commercial Risk. Panellists agreed that while it is “early days” for companies adopting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), some corporates are not taking the measures seriously enough. Neil Beresford, a partner…

Wegener prioritises EU lobbying as new Ferma president

Wegener prioritises EU lobbying as new Ferma president

Wegener prioritises EU lobbying as new Ferma president

New Ferma president Dirk Wegener said lobbying European institutions will be his number one priority as he took over from Jo Willaert at the federation’s forum in Berlin. Mr Wegener said it is a key time to lobby for European risk management associations as the European institutions set their objectives for the next five years. Mr Wegener is global head…

Risk managers must take lead role on climate risk

Risk managers must take lead role on climate risk

Risk managers must take lead role on climate risk

Risk management will play an increasingly important role in helping companies and society tackle client change, according to speakers at the Ferma Forum. As Europe moves to reduce emissions of harmful climate change gases, businesses will increasingly face regulatory and policy changes, as well as pressure from investors and consumers to increase climate-related reporting and alter their behaviour, according to…

EU under threat without reform: Verhofstadt

EU under threat without reform: Verhofstadt

EU under threat without reform: Verhofstadt

The future of the European Union is at risk unless its institutions urgently reform, Guy Verhofstadt, former Belgium prime minister and EU parliament coordinator on Brexit, told Ferma Forum delegates. Delivering a keynote speech at the forum in Berlin, Mr Verhofstadt also bemoaned the EU’s slow response to key issues, such as the financial crisis, digitalisation and defense. He warned…

Global insurance rates up record 8% in Q3, finds Marsh Index

Global insurance rates up record 8% in Q3, finds Marsh Index

Global insurance rates up record 8% in Q3, finds Marsh Index

Marsh’s Global Insurance Market Index recorded its largest ever commercial insurance price rise of nearly 8% in the third quarter since it began tracking data in 2012, Marsh & McLennan Companies (MMC) CEO Dan Glaser revealed during the broker’s latest results call, as the firm posted strong revenue growth since the JLT acquisition. The average global price rise across P&C lines…

1 2 3 89