RM News
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Retailers face trickier cyber market as cybersecurity lags
Retailers are likely to face price increases and greater underwriting scrutiny when buying cyber insurance following a spate of ransomware…
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GDV launches German cyber risk programme
The German insurance association (GDV) has teamed up with the German Insurance Academy (DVA) to train risk managers in cyber…
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Recalled products surge 25% in US across five industries: Sedgwick
The total volume of defective products recalled across five industries in the US surged 25% in the first quarter, despite…
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Global risk managers report higher-than-expected supply chain losses
Less than 8% of global businesses believe they have full control over their supply chains, while 63% report higher-than-expected losses…
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European insurers challenge regulator over AI guidance
European insurers are concerned that insurance regulator Eiopa’s planned guidance on governance and risk management for artificial intelligence create new…
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Group risk claims hit record high of £2.59bn in UK
Group risk claims increased by almost 4% in the UK last year to reach a record £2.59bn, according to group…
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MEP seeks ban on PFAS to protect wine sector
As the European Union comes under rising pressure to outlaw pollution from PFAS, so-called ‘forever chemicals’, and the insurance sector…
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Insurers and buyers not fully ready for Italian nat cat scheme, says Anra
Italy’s mandatory nat cat insurance scheme has been partly delayed for a second time because neither buyers nor insurers are…
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UK to confirm captive regime later this summer: reports
The UK government has delayed an announcement on a new regime for captives, according to reports. City AM said it…
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Resilience launches cyber risk calculator
Resilience has launched a cyber risk calculator to translate buyers’ cyber risk into a financial loss. Using AI and industry…
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UK government urged to move faster on cyber risk to protect business
The UK government is struggling to keep up with fast-changing cyber risk and deliver a fit-for-purpose regulatory response to protect…
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UK health and safety regulator helps firms with workplace stress risk assessments
UK regulator the Health and Safety Executive (HSE) has launched an online learning programme to help employers with risk assessments…
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Heathrow Airport closure costs British Airways £40m
The power outage at Heathrow Airport in March, which closed the aviation transport hub for almost a day, cost its…
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MEPs call for bolder EU action on water resilience
The European Parliament has adopted its recommendations for the European Water Resilience Strategy, expected from the EC before this summer,…
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Belgium’s hydrogen pipeline project delayed due to environmental license suspension
Belgium’s plan to build a hydrogen network spanning the country could be derailed by environmental concerns, highlighting the complexities involved…
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Buyer tactics in the spotlight as market begins to soften
As the Benelux insurance market begins to soften, leading buyers from the region advise peers to reinvest premium savings in…
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Belrim’s new president pressing ahead with priorities
In June 2024, Belrim, the Belgian risk and insurance management association, appointed Bart Smets, risk manager for plastics manufacturer Umicore,…
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Risk industry embracing AI and big data but challenges remain
The risk and insurance industry is finally increasing its investment in big data and artificial intelligence (AI) in a bid…
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Risk managers reminded of data centre environmental risk
Companies and their risk managers must consider the environmental impact caused by their use of AI, especially the data centres…
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Ferma urges risk managers to develop risk foresight
Ferma is calling on risk managers to tackle short-term thinking on risk and develop “foresight capabilities” to better prepare their…