Energy losses spike over last two years as resilience lags risk, warns Marsh JLT

Energy losses spike over last two years as resilience lags risk, warns Marsh JLT

Energy losses spike over last two years as resilience lags risk, warns Marsh JLT

Eight of the largest energy losses on record took place in the last two years, according to a new report by Marsh JLT Specialty that warns resilience in the sector lags risk. In a new report recording the 100 largest losses in the hydrocarbon industry during the past 45 years, Marsh JLT Specialty says: “The past two years have contributed…

Return to work under Covid-19 brings swathe of new risks: Marsh

Return to work under Covid-19 brings swathe of new risks: Marsh

Return to work under Covid-19 brings swathe of new risks: Marsh

Businesses planning to restart after Covid-19 lockdowns will have to tread new ground when it comes to risk, following more stringent regulations and procedures around health and cleanliness, to reassure both staff and customers about their safety, according to a new briefing by Marsh Risk Consulting. “An orderly and risk-based return to work will tread new ground in terms of…

Ferma launches taskforce to push for public-private NDBI insurance solution for all cat risks

Ferma launches taskforce to push for public-private NDBI insurance solution for all cat risks

Ferma launches taskforce to push for public-private NDBI insurance solution for all cat risks

Ferma and its member associations have launched a taskforce to push the EU, national governments and insurance industry towards providing cover for all catastrophic non-damage business interruption (NDBI). The lack of suitable and affordable NDBI cover has been a big complaint of insurance buyers for many years. The fact that insurers are not expecting big losses from Covid-19 highlights how…

Risk managers face tough decisions as restarts loom

Risk managers face tough decisions as restarts loom

Risk managers face tough decisions as restarts loom

As governments look to ease coronavirus lockdown measures, some companies will have to reinvent themselves as risk managers find ways to restart operations in a world of social distancing and economic uncertainty. As companies plan a return to work they will need to build in flexibility and consider the long term, according to Ellen Dunkin, RIMS vice-president and CRO and…

CFC reports key cyber scams facing homeworkers during coronavirus pandemic

CFC reports key cyber scams facing homeworkers during coronavirus pandemic

CFC reports key cyber scams facing homeworkers during coronavirus pandemic

Fake websites offering safety information, criminals posing as government agencies and malicious maps showing the spread of the virus are some of the biggest cyber scams targeting businesses during the Covid-19 pandemic, according to CFC. The specialist insurer said the number of cyberattacks has remained stable, but companies are more likely to fall victim to scams due to pandemic lockdowns…

Innovation coming to fore through Covid-19 crisis, says Louppe

Innovation coming to fore through Covid-19 crisis, says Louppe

Innovation coming to fore through Covid-19 crisis, says Louppe

Being prepared and flexible has been key in finding innovative solutions to working through the Covid-19 crisis, according to Florence Louppe of HDI Global. Coping with the Covid-19 pandemic has brought out the best in people as they find innovative solutions and workarounds to keep business moving through worldwide lockdowns, said Ms Louppe, the insurer’s country manager in France. “Right…

ICC and International SOS launch app to certify Covid-19 antibodies

ICC and International SOS launch app to certify Covid-19 antibodies

ICC and International SOS launch app to certify Covid-19 antibodies

The International Chamber of Commerce (ICC) has partnered with International SOS to launch a mobile app that will allow users to certify they have Covid-19 antibodies and help consumers, workers and businesses resume commercial activity. The ICC AOKpass mobile app uses blockchain technology to enable individuals to store copies of medical certificates, for example evidence of having Covid-19 antibodies. This information can then…

AGCS warns firms of reboot risks after Covid-19 lockdown

AGCS warns firms of reboot risks after Covid-19 lockdown

AGCS warns firms of reboot risks after Covid-19 lockdown

Businesses preparing to restart operations that have been left idle during the Covid-19 lockdown must take action to mitigate elevated threats and reduce the risk of damages, said Allianz Global Corporate & Specialty (AGCS). It added that many mothballed businesses around the world, in particular manufacturing companies, must be alert to new risks when restarting operations and unknown problems that…

Lessons from Covid-19 could help with climate change

Lessons from Covid-19 could help with climate change

Lessons from Covid-19 could help with climate change

Lessons learned from the global response to the ongoing coronavirus pandemic give positive signals on how the world can deal with the devastating impacts of climate change, according to the African Climate Policy Centre (ACPC). In a paper produced by the Economic Commission for Africa, ACPC says that, while momentum on climate action may be hampered by the Covid-19 crisis,…