Automatic enrolment – a pensions success, backed by increasing enforcement

Automatic enrolment – a pensions success, backed by increasing enforcement

Automatic enrolment – a pensions success, backed by increasing enforcement

In the UK, automatic enrolment into pension schemes started in October 2012. Phased in for five years, all employers must ensure that their workers/employees – aged between 22 and state pension age and earning more than £10,000 a year – are now enrolled into a suitable pension scheme. Even though it has been declared a success, as with all legal…

The SingHealth cyberattack and the implications for financial institutions

The SingHealth cyberattack and the implications for financial institutions

The SingHealth cyberattack and the implications for financial institutions

In July 2018, news emerged that between 27 June and 4 July, hackers had infiltrated the IT systems of Singapore Health Services (SingHealth), the largest healthcare group in Singapore. The hackers illegally accessed and copied the non-medical personal particulars of 1,495,367 patients to servers hosted overseas. Approximately 159,000 of the affected group, including Prime Minister Lee Hsien Loong and several…

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

The serious and extended closure of Gatwick Airport in the run-up to Christmas, because of the suspected deliberate use of a drone infringing the airport airspace, has brought to a head the warnings of many in the industry. This issue was further highlighted just this week as a reported drone at Heathrow caused the UK’s busiest airport to suspend departures…

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

The long-awaited Australian Senate Inquiry report into the current and future regulatory framework for remotely piloted aircraft (drones) in Australia was released on 31 July 2018. The report was highly anticipated. During the 18-month period of consultation with operators, regulators and businesses, the Senate Inquiry committee heard that Australia is at the forefront of drones. Australia’s aviation regulator, the Civil…

The rise of technology within the insurance industry

The rise of technology within the insurance industry

The rise of technology within the insurance industry

Melissa Boyars, claims operations manager UK at Generali GC&C, reflects on the latest practices to improve processes at insurers, the challenges and opportunities they offer, and the manner in which her company is adopting these changes. The technological revolution It is no secret that the insurance sector has been lagging behind banking and other financial services industries in its adoption…

Burning issues for environmental claims

Burning issues for environmental claims

Burning issues for environmental claims

There is a common view that environmental exposures are only really an issue for very large companies in certain sectors, notably oil and gas. But this stereotype does not stand up in the light of European environmental impairment liability claims that we are now seeing. Now in its second year, AIG’s European Environmental Impairment Liability (EIL) Claims Intelligence report reflects…

Relentless extension of risk frontiers continues as 2019 beckons

Relentless extension of risk frontiers continues as 2019 beckons

Relentless extension of risk frontiers continues as 2019 beckons

This year’s European Risk Frontiers Survey, sponsored again by HDI Global, is published with this issue of Commercial Risk Europe and once more produces some fascinating insights into the ongoing development of the European risk and insurance management profession. I would pick out the following high-level conclusions based on our discussions with close to 100 of Europe’s leading risk managers…

Risk managers taking centre stage with employee benefits

Risk managers taking centre stage with employee benefits

Risk managers taking centre stage with employee benefits

The world of employee benefits is becoming both increasingly important and complex in the global economy, and risk managers find themselves more and more involved. To investigate these potentially significant opportunities and challenges, Commercial Risk Europe teamed up with MAXIS GBN, the global employee benefits network backed by two of the world’s largest insurance providers – MetLife and AXA, to…

The insurer’s view–HDI Spain

The insurer’s view–HDI Spain

The insurer’s view–HDI Spain

Juan Aznar Gáldiz, managing director of HDI Global, Spain, shared his thoughts on this year’s European Risk Frontiers Survey with Adrian Ladbury. Adrian Ladbury (AL): Will the corporate insurance market in Spain harden this year? Is there adequate capacity for customers’ risks? In which areas do you see demand for more capacity? Juan Aznar Gáldiz [JG]: Spain is a very…

The insurer’s perspective–HDI Belgium

The insurer’s perspective–HDI Belgium

The insurer’s perspective–HDI Belgium

Chris Staes, managing director of HDI Global in Belgium, discusses the key topics covered in this year’s European Risk Frontiers Survey with Adrian Ladbury. Adrian Ladbury [AL]: Will the corporate insurance markets in Belgium and Luxembourg harden this year? Chris Staes [CS]: In my opinion, we should rather ask if risk transfer is fairly priced these days. Frankly speaking, and…

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