Get ready for a bloody renewal…

Get ready for a bloody renewal…

Get ready for a bloody renewal…

Recent half-year results published by leading international insurers and brokers all point to a hardening commercial insurance market that appears to be rapidly gaining pace, which means risk managers across Europe need to start preparing their colleagues and bosses for higher insurance costs next year. Potentially more significant and difficult to explain to the CFO is the fact that, as…

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

When Daniel San Millán took over as president of Spanish risk management association Igrea for a second time in May, he was probably entitled to a sense of déjà vu. The association still needs to tackle some of the same challenges that risk managers have been dealing with since its creation back in 2009. Issues such as claims handling and…

Cyber risk management improving in Europe

Cyber risk management improving in Europe

Cyber risk management improving in Europe

CRE spoke to James Tuplin, head of international cyber at AXA XL, about some of the trends in cyber risk and insurance management to find out the current state of play. He discussed areas in which risk and insurance managers are improving, as well as where and how they can up their game. Ben Norris: What is the state of…

Pace of change causing risk management problems

Pace of change causing risk management problems

Pace of change causing risk management problems

The pace of change is hampering risk managers’ ability to identify, manage and mitigate their organisations’ risks, according to Francesco Semprini, managing director for Risk Frontiers Europe sponsor HDI Global in Italy. Mr Semprini said risk managers face an increasing list of risks to manage, and they are becoming ever more complex. “Even ‘traditional’ risks such as natural catastrophe are…

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Earlier this year, Zurich Insurance announced that it had entered a strategic agreement with riskmethods GmbH, a Munich-based company that uses artificial intelligence and big data to identify and manage supply chain risk worldwide. This provides Zurich’s commercial customers with an exciting new tool to help manage a complex and rapidly rising corporate risk. The new service has initially been…

Business interruption creating new challenges

Business interruption creating new challenges

Business interruption creating new challenges

The cost of replacing physical assets is being dwarfed by subsequent business interruption costs, as Florence Louppe from Risk Frontiers Europe sponsor HDI Global in France explained to Commercial Risk Europe. Business interruption has revealed new types of risks for corporates and their insurers, throwing up unexpected challenges and demanding innovative insurance solutions. Florence Louppe, managing director at HDI Global…

Could the US opioid epidemic be contagious?

Could the US opioid epidemic be contagious?

Could the US opioid epidemic be contagious?

The US is in the middle of an opioid epidemic, causing an estimated $504bn of economic damage and resulting in countless deaths. Risk managers in the pharma sector should be watching carefully as remedial action is being taken to address the health effects of this national crisis, and as enforcement and litigation is also beginning to ramp up. While the…

Lloyd’s in strong position to continue German growth despite Brexit: Blumenthal

Lloyd’s in strong position to continue German growth despite Brexit: Blumenthal

Lloyd’s in strong position to continue German growth despite Brexit: Blumenthal

Lloyd’s refuses to shift into defensive mode in Germany and the rest of Europe as a result of uncertainty surrounding Brexit and the well-publicised central directive on syndicates to tighten their underwriting policies, not least when it comes to cyber risk. Indeed, the need to establish its direct EU presence via Lloyd’s Brussels appears to have breathed new life into…

Time for technical underwriting

Time for technical underwriting

Time for technical underwriting

Hartmut Mai replaced Andreas Berger as chief regions and markets officer for central and eastern Europe, the Mediterranean and Africa at Allianz Global Corporate & Specialty (AGCS) in March. We caught up with him ahead of this year’s gathering of the German risk and insurance management community at the GVNW conference in Munich. Commercial Risk Europe editor Adrian Ladbury asked…

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Evidence of the harmful effects of diesel emissions is growing, resulting in it being likened to another toxic ‘timebomb’. These developments are likely to require corporates and their insurers to reconsider their approach to this developing risk. A new inquest into the passing of a child who died from asthma was recently ordered, following evidence that the death may be…

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