Collaboration: The key to navigating a hard market

Collaboration: The key to navigating a hard market

Collaboration: The key to navigating a hard market

A hard insurance market has traditionally been a bellwether for captive growth. Previous hard markets have seen existing captive owners make more use of their risk retention vehicles while also driving the formation of new captive solutions. This hard market is likely to be no different. The challenge for insurance buyers and captive owners is how to best manage increased…

Managing strategic risk for global companies

Managing strategic risk for global companies

Managing strategic risk for global companies

In today’s complex world, companies face multiple challenges when it comes to insuring global assets. Operating across different jurisdictions, they frequently have to deal with a confusing set of local policies with varying degrees of cover. International insurance programmes offer the opportunity to take a consistent approach to risk management, but there are a number of inefficiencies in the way…

Beyond the email challenge: having a dependable intelligent companion

Beyond the email challenge: having a dependable intelligent companion

Beyond the email challenge: having a dependable intelligent companion

Our October article, The email challenge: easing the pain with artificial intelligence, highlighted a new AI project designed to automatically read and process unstructured emails and attachments in order to cut out manual time-consuming work. The aim is to use AI technology and natural language processing to extract information from unstructured formats and bring it into a structured form, so…

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Risk managers believe the hardening market is a time for captives to really show their value, according to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation. “When the market is hardening, this is a signal that risk managers can use to better sell the use of captives in their setup,” said Francoise Carli, Zakubo Consulting, and former vice-president,…

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

There has been a lot of talking up of captives during the last few years, with momentum growing in the last year or two, and a feeling that a new dawn was approaching for the sector. According to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation, that time is now here. The traditional insurance market has properly hardened…

Supporting the transition to sustainability

Supporting the transition to sustainability

Supporting the transition to sustainability

Insurers have an important role to play in sustainability, not only in terms of their own businesses and employees, but also in supporting their customers as they transition to a more sustainable future. Insurers are looking at how they are exposed to transition risk, but it is also important to talk about transition opportunities, where insurers help support their customers…

Captives: embracing the new

Captives: embracing the new

Captives: embracing the new

Captive insurance has often shown its worth during challenging times. Against the backdrop of hardening rates and tightening terms and conditions in the traditional insurance market, exacerbated by the Covid-19 pandemic, more companies are looking to expand their use of an existing captive or set up a new one. Marine Charbonnier, global programmes and captives regional director, Asia & Europe,…

The email challenge: easing the pain with artificial intelligence

The email challenge: easing the pain with artificial intelligence

The email challenge: easing the pain with artificial intelligence

Artificial intelligence (AI) and machine-learning are talked about a lot in the media and in business in terms of their potential and benefits. But for many people, there is a certain hesitancy about AI, and an element of the unknown. Will it really do what it is promising? Will it take away jobs? Who takes accountability? And there is often…

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

For many companies across the world, commercial motor fleets are an important part of how their business operates. Simon Kay, AXA XL’s head of international motor, and Halima Bekkali, a motor risk consultant specialising in road safety, discuss some of the challenges involved in operating large fleets and how international insurance programmes can be used to help transfer some of…