Let’s talk – environmental risks for the food, beverage and agriculture sector

Let’s talk – environmental risks for the food, beverage and agriculture sector

Let’s talk – environmental risks for the food, beverage and agriculture sector

In the food, beverage and agriculture sector, there are some obvious risks, such as spillages of sewage or slurry. But there are other risks to consider too – for example, food and drink such as orange juice or milk can be pollutants if they escape into water supplies, can affect the oxygen levels in water, and can kill fish and…

Time to take cyber risk seriously at the highest level

Time to take cyber risk seriously at the highest level

Time to take cyber risk seriously at the highest level

The first test of the security levels of networks, information systems and IT services within some 100 organisations in critical parts of the Italian economy will be rolled out in mid-June. This forms part of the National Cyber Security Perimeter initiative, which was defined in Decree No. 105, 2019. It forms part of a wider Italian and EU effort to bolster…

The economics of cyber insurance

The economics of cyber insurance

The economics of cyber insurance

The news that barely half of small businesses (SMEs) plan to buy cyber insurance anytime soon is worrying, especially given the heightened risk caused by the pandemic and the mass move to remote working. One problem may be the economics of this emerging line of coverage. It has been stated previously that SMEs do not believe they are a target…

Keeping an eye on the risks ahead

Keeping an eye on the risks ahead

Keeping an eye on the risks ahead

Dealing with the risks immediately facing any business while also keeping an eye on the future is all part of the day job for both risk managers and insurers, as Chris Staes, Belgium country manager for Risk Frontiers Europe sponsor HDI Global, explains. Understanding clients individually has been key to growing business in Belgium during the combination of a hardening…

Kommentar: Höchste Zeit zum Handeln bei staatlich gestützten Absicherungssystemen

Kommentar: Höchste Zeit zum Handeln bei staatlich gestützten Absicherungssystemen

Kommentar: Höchste Zeit zum Handeln bei staatlich gestützten Absicherungssystemen

Der Gesamtverband der versicherungsnehmenden Wirtschaft (GVNW) hat zu Recht seine Frustration darüber zum Ausdruck gebracht, dass auf staatlicher und europäischer Ebene keine Fortschritte in Hinblick auf eine besser koordinierte Antwort auf künftige systemische Risiken und eine öffentlich-private Partnerschaft (PPP) zur Unterstützung von Wirtschaft und Gesellschaft bei der Bewältigung der nächsten Gesundheitskrise erzielt wurden. Der GVNW hat bereits im vergangenen Jahr…

Supporting customers through a hardening market

Supporting customers through a hardening market

Supporting customers through a hardening market

After years of soft market conditions, it may seem unusual that the hard market that finally arrived is so persistent. Considering that the previous hard market was well over a decade ago, there had been some discussion that insurance underwriting cycles may have disappeared. But years of declining rates, claims inflation, evolving natural catastrophe exposures, event-driven litigation, emerging risks and…

Brokers must up their game to keep business

Brokers must up their game to keep business

Brokers must up their game to keep business

A group of leading European risk managers have warned that brokers need to act fast if they are to remain relevant to clients in the future. The value of brokers is being tested by the hardening insurance market and the new challenges faced by insureds in finding the right coverage at the right price, according to award-winning risk managers who met…

In with the new: how companies are using captives to expand their risk management strategies

In with the new: how companies are using captives to expand their risk management strategies

In with the new: how companies are using captives to expand their risk management strategies

It used to be that captives were considered a risk financing solution used mostly by larger companies whose unique risks were difficult or impossible to fully cover by traditional insurance means. Fortune 500 companies and large commercial accounts were dominating the captive space. Yet, captive use has evolved, driven by the desire of companies to gain more control over their…

Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

The transition period has ended and, in theory at least, Brexit is now complete. This should mean there is clarity where future UK-EU relations are concerned. Why, then, are litigators left scratching their heads? Here, we identify three areas of continuing uncertainty where parties should tread with care. When the Brexit trade deal was unveiled at the end of December,…

Anra moves towards a new presidency

Anra moves towards a new presidency

Anra moves towards a new presidency

The upcoming national Associates Assembly of Anra, the Italian risk and insurance management association, scheduled for 15 April, will see the second presidential term of Alessandro De Felice, chief risk officer at Prysmian Group, who was elected president of Anra in 2015 and confirmed in 2018, come to an end. The handover to the new president will be by no…

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