Comment: Insurance sector needs to find compromise solution to coronavirus BI claims and fast

Comment: Insurance sector needs to find compromise solution to coronavirus BI claims and fast

Comment: Insurance sector needs to find compromise solution to coronavirus BI claims and fast

Pressure is rising on the insurance sector to play its part in supporting the global economy during this time of unprecedented crisis, and individual insurers and the sector’s representative bodies are working hard to let the world know that it is ready to support businesses and individuals as we all grapple with the impact of the coronavirus. Insurance companies have…

State aid and Covid-19: more flexibility for public sector support to industry

State aid and Covid-19: more flexibility for public sector support to industry

State aid and Covid-19: more flexibility for public sector support to industry

The European Union state aid regime prohibits financial assistance to industry unless it is made in accordance with the parameters of the rules. There are controls on the types of industry that can be offered different types of public funding. The EU state aid regime continues to apply to the UK during the implementation phase of Brexit. The European Commission…

Why business travel insurance matters

Why business travel insurance matters

Why business travel insurance matters

The unfolding coronavirus (Covid-19) crisis has focused attention on the speed with which such outbreaks can spread globally. It has also shown just how complex business travel risks have become. Despite foreign governments outlining plans for the repatriation of their citizens, for the individual overseas traveller caught up in the crisis it would have been difficult to source information and…

Rise of Covid-19 underlines need to urgently rethink risk-reward balance

Rise of Covid-19 underlines need to urgently rethink risk-reward balance

Rise of Covid-19 underlines need to urgently rethink risk-reward balance

The unwelcome arrival of coronavirus (Covid-19) has once again shown how essential it is for organisations of all types – private and public – to properly identify, assess, manage and transfer their critical risks. The very fact that we have decided to launch this weekly update on the latest risk and insurance implications of the virus shows that the business…

The importance of taking climate change into account: Appeal Court rules against government on Heathrow expansion

The importance of taking climate change into account: Appeal Court rules against government on Heathrow expansion

The importance of taking climate change into account: Appeal Court rules against government on Heathrow expansion

In rather prescient timing, just minutes before I joined an esteemed panel to discuss the impact of climate change on the construction sector at the Commercial Risk Construction Risk Management event, the UK’s Court of Appeal handed down its judgment in the long-running Heathrow airport expansion saga. In finding in favour of the environmental campaigners, the Court of Appeal’s judgment…

A holistic approach to cyber risk management

A holistic approach to cyber risk management

A holistic approach to cyber risk management

The digital revolution has meant that organisations are becoming increasingly connected, businesses are more open, and many companies have longer-term relationships with customers than ever before. At the same time, cybercriminals are constantly expanding their own scope and capabilities, leading to an unprecedented level of sophistication. This, coupled with an increasingly complex regulatory environment, means that companies of all sizes…

The risk manager’s role in saving the planet

The risk manager’s role in saving the planet

The risk manager’s role in saving the planet

The average European risk manager may be excused for thinking that the call from Brigitte Bouquot, president of French risk management association AMRAE, for risk managers to play their part in the creation of a new social contract between politicians, business leaders and society to help tackles the world’s big problems, is overstepping the line somewhat. But we are not…

Risk managers rising to the challenge of employee benefits

Risk managers rising to the challenge of employee benefits

Risk managers rising to the challenge of employee benefits

Employee benefits have become an increasingly hot topic for corporate risk and insurance managers in recent times. This is because companies involved in the European and international economy are fast waking up to the fact that real and lasting success can only be achieved by attracting and retaining the best talent. To do this, they need to offer the best…

Back to the future

Back to the future

Back to the future

The thriving European mutual insurance sector accounts for about half of Europe’s insurance companies by number and a third by premiums. In many ways, the principles of this highly traditional European model are fit for the modern era and goals such as the sharing economy, inclusivity and sustainability. As the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE)…

Making claims globally consistent and locally responsive

Making claims globally consistent and locally responsive

Making claims globally consistent and locally responsive

The promise to pay claims is what risk managers are buying when they take out an insurance policy. Massimiliano Malinverno, head of global programmes – claims at AXA XL, explains how managing claims within a global programme can provide risk managers with a greater degree of oversight, control and authority. And, he says, a coherent, swift and proactive approach from…

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