Digital capabilities transforming global programmes

Digital capabilities transforming global programmes

Digital capabilities transforming global programmes

For some time, there has been a growing demand from risk managers and brokers for greater transparency of data when it comes to global programmes. They have also been looking for better-quality and cleaner data. That demand for transparency has largely been met by most carriers in the global insurance programme world, and data is now routinely shared. As a…

Considerations of the risk manager on a D&O programme – Insurance premium tax

Considerations of the risk manager on a D&O programme – Insurance premium tax

Considerations of the risk manager on a D&O programme – Insurance premium tax

For risk managers, the line of insurance that guarantees the most attention and focus of the board is undoubtedly directors and officers (D&O) liability. In the current hardening market, terms and conditions are paramount, but when looking at the various ways in which a global insurance programme can be structured, it is important that the risk manager is fully aware…

Making the index link: how parametric solutions can help captives manage natural catastrophes risk

Making the index link: how parametric solutions can help captives manage natural catastrophes risk

Making the index link: how parametric solutions can help captives manage natural catastrophes risk

It is said that three in every four (or as many as 80% of) corporate insurance buyers have some form of exposure to weather-related risk. Natural catastrophes cause widespread devastation, tragic loss of life and huge economic losses. Last year, insured losses from natural catastrophes totalled more than $75bn, according to estimates. Christelle Castet, climate risk specialist at AXA Climate…

Best practice for Belt and Road megaprojects

Best practice for Belt and Road megaprojects

Best practice for Belt and Road megaprojects

The Belt and Road’s major infrastructure and energy projects stand to benefit from the support of risk and insurance partners during the lifecycle of a project, explains Brian Botkin, global head of multinational, global financial lines, AIG. China’s Belt and Road Initiative (BRI) continues to attract international attention and grab headlines. Determining exact figures for the vast macroeconomic initiative is…

A partnership approach to MGAs

A partnership approach to MGAs

A partnership approach to MGAs

Managing general agents (MGAs) are one of the fastest-growing segments of the global insurance industry, particularly in Europe. They have long been an important feature of the US market, but in Europe and the rest of the world, the sector is growing rapidly and MGAs are becoming much more structured and sophisticated. As a result, insurers are increasingly looking at…

Closing the protection gap

Closing the protection gap

Closing the protection gap

A more complex and interconnected global risk landscape is presenting businesses with new and emerging exposures. As companies expand into new or developing markets or alter their supply chains, sourcing goods and services overseas, a whole new plethora of risks opens before them and its understanding and mitigation is crucial for their success. For example, environmental risks remain a key…

Big in Japan: what insurance buyers need to know

Big in Japan: what insurance buyers need to know

Big in Japan: what insurance buyers need to know

The eyes of the world have been on Japan lately, with the Rugby World Cup taking place in the country and capturing the imagination of the local population as well as audiences around the globe. More tragically, Japan is also recovering from the worst storm to hit the country for more than half a century. Japan has one of the…

The changing shape of environmental regulation – a challenge for multinational businesses

The changing shape of environmental regulation – a challenge for multinational businesses

The changing shape of environmental regulation – a challenge for multinational businesses

Environmental regulation is changing at an exponential rate. Around the world there has been a significant strengthening of regulation, consisting not only of tighter new rules but also more rigorous, consistent enforcement. For multinational organisations, the consequences of not being prepared locally and the impact of an environmental incidents can be severe. Traditional risk management techniques may leave companies exposed…

The globalisation of D&O liability

The globalisation of D&O liability

The globalisation of D&O liability

At a global level, there has been a worsening claims environment for directors’ and officers’ (D&O) liability ever since the financial crisis, and the current situation reflects a significantly more challenging regulatory and legal environment than in the past. Regulators and policymakers around the world have focused their attention more and more on directors and officers in their efforts to…

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