Insurance
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High expectations
The skills gap haunts the risk management and insurance industries across Africa at the moment. However, there are professional bodies…
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African re/insurers become technologists in Namibia
Insurance CEOs believe that technology is the predominant way to enhance productivity in the sector and are being urged to…
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Why succession planning is key for smooth change in the corner office
Otiato Guguyu, a reporter with The Standard in Nairobi, on why choosing a successor is not as simple as it…
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Sompo gets the go-ahead for Luxembourg EU springboard
Bermuda’s Sompo International has received the regulatory green light from the Ministry of Finance of Luxembourg to establish a new…
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Reinsurer capacity up despite big cat losses in 2017
Reinsurers’ capacity proved resilient in 2017, despite heightened catastrophe-loss activity and stress on their underlying performance. Shareholders’ equity in 34…
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Chubb leading ‘adequate’ rate movement, says CEO Greenberg
Too few insurance companies are acting to improve rate adequacy, according to Evan Greenberg, CEO of Chubb. In his annual…
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Beazley and DAC Beachcroft launch GDPR hotline
Cyber liability insurer Beazley has partnered with law firm DAC Beachcroft to launch a free General Data Protection Regulation (GDPR)…
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NSIT updates popular Cybersecurity Framework
The US Framework for Improving Critical Infrastructure Cybersecurity, which is popular with multinationals and is also used by companies in…
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Clyde & Co boosts insurance partner numbers
Law firm Clyde & Co has announced 12 new partners including six within its insurance department, taking the total number…
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UK manufacturers call for help in battle against growing cyber risk
A report by manufacturers’ organisation EEF and AIG warns that the UK manufacturing sector is least prepared for cyber risk…
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European Risk Frontiers survey already throwing up surprising results
Our annual european risk Frontiers survey of Europe’s leading risk managers, sponsored again by HDI Global, is this year being…
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Emerging risk landscape hots up as law firms seek opportunities
Litigation funders are travelling the world looking for fertile ground to bring claims and finding success in an increasing number…
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Improved results for Hong Kong-listed Chinese P&C insurers in 2017
The non-motor lines of Hong Kong-listed Chinese property and casualty (P&C) insurers sustained overall business growth and underwriting profitability in…
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Facebook scandal and GDPR raise privacy risk levels
The Facebook privacy scandal is a stark reminder to risk managers that implementation of tough EU data protection rules next…
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Munich Re covers AI online fraud payment detection software to boost cyber defences
Munich Re’s Great Lakes Insurance has insured a new artificial intelligence (AI)-driven algorithm that detects fraudulent online payments and should…
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New team launches at Brockwell Capital
Brockwell Capital – a Lloyd’s coverholder and managing general agent that specialises in warranty and indemnity, tax liability and contingent…
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Market defends cyber offering amid accusations of stunted growth
Insurers and brokers taking part in panel debates at the recent Advisen Cyber Risk conference disputed criticism that the cyber…
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Gaps, overlaps and confusion persist in cyber cover cyber
Varying degrees of cyber cover are available in most traditional lines of insurance, but exclusions are on the rise and…
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AIG given green light for Brexit-proof restructure
AIG has been granted authorisation to establish two new insurance companies in Luxembourg and the UK to ensure contract certainty…
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UK’s NHS yet to implement WannaCry cyber lessons
The UK’s National Health Service (NHS) remains at risk of another WannaCry-style cyberattack after failing to implement lessons learned from…