Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics and infectious diseases have unsurprisingly jumped above climate change and cyber risk to become the number risks during the next five to ten years, in AXA’s 2020 Future Risks Report and survey. The report is based on a global poll of more than 2,600 experts from the world of risk management and insurance. In addition, just short of 19,000…

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Political risks increased in every country across the world during the first half of 2020 as the Covid-19 pandemic accelerated social unrest and economic fallout, according to Marsh JLT Specialty. Publishing a mid-year update to its Political Risk Map, Marsh JLT said all 197 countries it tracks recorded higher risk scores by the end of July than the beginning of…

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists, finds Aon’s latest terrorism and political violence risk map. The map, produced in partnership with Risk Advisory, also shows that the risk of civil commotion is on the rise in advanced economies and is being exacerbated by Covid-19. Aon’s overall…

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Some 37 countries are at risk of major civil unrest before the end of 2020 as the economic fallout from Covid-19 spikes, with emerging markets most under threat, according to analysis from Verisk Maplecroft. Protests are set to swell as unemployment rates climb and the pandemic sends economies into reverse, inflaming existing public anger with governments, said the firm. It…

Supply chain risk falls in May but more Covid-19-related pain to come: riskmethods

Supply chain risk falls in May but more Covid-19-related pain to come: riskmethods

Supply chain risk falls in May but more Covid-19-related pain to come: riskmethods

A report from riskmethods finds a decline in every type of supply chain risk it monitored during May, as Covid-19-related lockdowns and restrictions began to lift, but warns that the overall threat remains elevated and there are further tough times ahead. The firm’s 2020 Risk Report: The Year That Changed Everything looks at the top supply chain risks that affected organisations…

No v-shaped economic ‘snap back’ from Covid-19 as geopolitical tensions split open

No v-shaped economic ‘snap back’ from Covid-19 as geopolitical tensions split open

No v-shaped economic ‘snap back’ from Covid-19 as geopolitical tensions split open

There will be no economic “snap back” from Covid-19 until late 2021 as the pandemic causes civil unrest and splits open geopolitical tensions, a Risk Advisory webinar has warned. The global economy will not see a sudden uptick in growth post-Covid-19 and is most likely to be depressed into next year, followed by a slow and gradual pickup towards the…

Insurers grow wary of trade credit risk as coronavirus spreads

Insurers grow wary of trade credit risk as coronavirus spreads

Insurers grow wary of trade credit risk as coronavirus spreads

Trade credit insurers are beginning to moderate their risk appetite as the coronavirus (Covid-19) raises the threat of increased insolvencies and non-payment within supply chains, brokers have told CRE. Trade credit insurance is one of the insurance lines most exposed to coronavirus because a global squeeze on supply and demand further stresses companies and their supply chains. According to ratings…

Extractive industries lead demand for credit and political risk insurance

Extractive industries lead demand for credit and political risk insurance

Extractive industries lead demand for credit and political risk insurance

The oil, mining, metals and extractive industries continue to make up the largest proportion of demand for credit and political risk insurance (CPRI) coverage, according to BPL Global, a CPRI broker. In its annual report, it says about a third of all BPL Global’s 2019 enquiries related to these sectors – of which about half were bank-financed deals. Sian Aspinall,…

Optio expands political violence and terror offering through Newbridge acquisition

Optio expands political violence and terror offering through Newbridge acquisition

Optio expands political violence and terror offering through Newbridge acquisition

Optio, the London-based MGA formed though the merger of Ascent Underwriting, Cove Programs and broker Bay Risk Services in September of 2018, has announced the acquisition of specialist political violence and terrorism MGA Newbridge Risk Partners for an undisclosed sum. Newbridge was formed in 2015 on the Castel platform, the specialist operation formed by London market underwriting group Barbican in…

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Demand for multinational insurance programmes continues to rise despite mounting anti-globalisation sentiment and protectionism, with captives, mid-sized companies and firms from emerging markets driving growth. Some companies in mature markets have scaled back programmes as they reduce their global footprint, but are generally looking at covering a wider range of risks in international programmes. According to brokers and insurers, demand…

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