Time to dig deeper

Time to dig deeper

Time to dig deeper

Welcome to the first issue of Commercial Risk Europe – UK, the first of our monthly national newsletters dedicated to the information needs of our risk and insurance management readership across Europe and worldwide. Commercial Risk Europe was launched back in 2010 to provide the whole European risk and insurance management community with a dedicated central information source, to help…

Structuring international programmes – harnessing digital capabilities

Structuring international programmes – harnessing digital capabilities

Structuring international programmes – harnessing digital capabilities

Digital capabilities have transformed the implementation and management of international insurance programmes, providing corporations with greater transparency and access to more data. But now those capabilities are being used to bring faster delivery, self-service capability and better insights and recommendations, to further improve the customer experience. Due to the pace of change and opportunities in terms of digitalisation, the expectations…

MGAs advised to focus on data quality as capacity dwindles

MGAs advised to focus on data quality as capacity dwindles

MGAs advised to focus on data quality as capacity dwindles

Reduced capital availability, rising rates and more disciplined underwriting are seen as a return to reality in the wider insurance and reinsurance market. But the collective belt tightening is proving to be a little uncomfortable for some in the managing general agency (MGA) sector, based on discussion at a recent webinar hosted by the London-based Managing General Agents Association (MGAA).…

Editor’s comment: French government leads the way on self-insurance strategy

Editor’s comment: French government leads the way on self-insurance strategy

Editor’s comment: French government leads the way on self-insurance strategy

Only the most naive of European risk managers would have expected an easy and calm renewal at year-end 2020, but many can be forgiven for being surprised by the brutality of it. As clearly shown by the excellent discussion organised by French risk management association AMRAE on a virtual basis last week, risk and insurance managers are facing a very…

The impact of Brexit on the construction industry

The impact of Brexit on the construction industry

The impact of Brexit on the construction industry

On 24 December 2020, the EU and the UK finally agreed a post-Brexit trade agreement – the Trade and Cooperation Agreement (TCA) – which came into effect on 1 January 2021. The environment in which the construction industry operates will undergo significant change in light of Brexit and the TCA. By their very nature, construction contracts are concerned with risk…

Conflict between head office and local operations: top ten solutions

Conflict between head office and local operations: top ten solutions

Conflict between head office and local operations: top ten solutions

A global programme needs to resolve a number of areas of conflict resulting from the different requirements of head office and local operations, before it can be successfully implemented. There are however solutions to many of the areas of conflict and compromises that can be acceptable to both sides.

So, what did we learn about cyber risks in 2020?

So, what did we learn about cyber risks in 2020?

So, what did we learn about cyber risks in 2020?

The year 2020 was unlike any other we’ve ever seen. In addition to a global pandemic, unemployment and social unrest, the cyber world experienced significant developments that will impact the years to come. Here are five things we learned… First, ransomware events didn’t slow down in 2020. Instead, things got worse, a lot worse. The market experienced a substantial increase…

Be prepared: the key to IPT compliance for non-traditional covers

Be prepared: the key to IPT compliance for non-traditional covers

Be prepared: the key to IPT compliance for non-traditional covers

Although the insurance industry has a longstanding reputation of being staid and traditional, alternative risk transfer solutions, including the use of captive insurance companies, have been around for many decades. Such solutions have not gone without challenge over the years – one cannot forget the implications of the Spitzer enquiries in the early 2000s as well as more recent challenges…

Employee benefits and people risks – captives adding value

Employee benefits and people risks – captives adding value

Employee benefits and people risks – captives adding value

Adding employee benefits to a captive makes perfect sense, but it is important to get HR onboard, with communication and transparency key. That was the conclusion of a workshop at the Commercial Risk virtual conference ‘Employee Benefits Risk Management 2020 – the importance of collaboration’, with Andrew Bradley, former head of group risk services at Nestlé, and Christian Keller, head…

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