While the climate case for renewables is undeniable and the economic case is becoming increasingly compelling, clean energy does present some threats to the environment that need to be navigated. The potential benefits of renewable energy sources such as wind, solar, hydro, tidal and geothermal are widely known, including a reduction in greenhouse gas emissions, the diversification of energy supplies…
The fundamental role of the risk and insurance manager is to help reduce the level of uncertainty faced by their company and colleagues. The risk and insurance manager’s job is to help their board members and colleagues sleep easier at night and wake up refreshed and ready to focus their efforts on creativity, innovation and growth. You know for sure…
The year-end 2020 and first-quarter 2021 results published by leading German and international insurance groups were surprisingly healthy, despite the continuation of Covid-19. In Germany, Allianz Global Corporate & Specialty (AGCS) and Talanx delivered good first-quarter results that showed reduced Covid-19 losses, lower claims generally and continued rate increases across the board, and particularly in commercial and industrial lines. Gothaer…
Simon Fawell, a partner in Dechert’s London office, explains how two upcoming data privacy cases could pave the way for more mass action lawsuits in the UK and Ireland On 16 April 2021, Digital Rights Ireland (DRI), a civil rights organisation focusing on data privacy issues, announced that it was launching a “mass action” legal claim against Facebook. The claim…
The first test of the security levels of networks, information systems and IT services within some 100 organisations in critical parts of the Italian economy will be rolled out in mid-June. This forms part of the National Cyber Security Perimeter initiative, which was defined in Decree No. 105, 2019. It forms part of a wider Italian and EU effort to bolster…
Dealing with the risks immediately facing any business while also keeping an eye on the future is all part of the day job for both risk managers and insurers, as Chris Staes, Belgium country manager for Risk Frontiers Europe sponsor HDI Global, explains. Understanding clients individually has been key to growing business in Belgium during the combination of a hardening…
Der Gesamtverband der versicherungsnehmenden Wirtschaft (GVNW) hat zu Recht seine Frustration darüber zum Ausdruck gebracht, dass auf staatlicher und europäischer Ebene keine Fortschritte in Hinblick auf eine besser koordinierte Antwort auf künftige systemische Risiken und eine öffentlich-private Partnerschaft (PPP) zur Unterstützung von Wirtschaft und Gesellschaft bei der Bewältigung der nächsten Gesundheitskrise erzielt wurden. Der GVNW hat bereits im vergangenen Jahr…
A group of leading European risk managers have warned that brokers need to act fast if they are to remain relevant to clients in the future. The value of brokers is being tested by the hardening insurance market and the new challenges faced by insureds in finding the right coverage at the right price, according to award-winning risk managers who met…
The upcoming national Associates Assembly of Anra, the Italian risk and insurance management association, scheduled for 15 April, will see the second presidential term of Alessandro De Felice, chief risk officer at Prysmian Group, who was elected president of Anra in 2015 and confirmed in 2018, come to an end. The handover to the new president will be by no…
We all have a plan until we get punched in the mouth, goes the saying. The Covid-19 pandemic has clearly been a punch in the face for global industry and has affected commercial relationships as a punch in the face would. The relationship between small and medium-sized businesses (SMEs) and their insurers has been severely tested, quite literally when it…