Emerging Risks
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Zurich report finds risk management shortfalls exacerbated storm Bernd
Simply blaming the catastrophic impact of severe weather event Bernd that caused devastating flooding and damage of up to €50bn…
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Eiopa demands improved communication and clarity on wordings and exclusions
The European Insurance and Occupational Pensions Authority (Eiopa) has published two consultation papers that seek to address confusion and uncertainty…
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Reputation risk and ESG: An evolving picture
Managing the potential threats to reputation is near the top of most c-suites’ agendas and most companies’ risk registers. At…
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Beazley launches D&O policy for crypto firms
Beazley has introduced a D&O liability insurance policy called CryptoGuard that is tailored specifically for crypto companies. The policy offers…
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New Airmic chair advises members to focus on ‘frontier risks’
Airmic’s new chair Tim Graham says recent events have shown that risk managers need to look much further ahead in…
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Apollo places cover for Europe’s first zero-occupancy autonomous journey
Apollo has placed the first insurance cover for a self-driving vehicle journey without a driver or passengers on the open…
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Ferma raises concerns with EC over Corporate Sustainability Due Diligence Directive
The Federation of European Risk Management Associations (Ferma) is concerned about key aspects of the recently announced Corporate Sustainability Due…
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WEF launches virtual reality public-private platform to tackle global risks
The World Economic Forum’s (WEF) annual meeting has opened with the launch of a virtual reality public-private cooperation platform. The…
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Rims urges companies to bring emerging risks into core programmes
Only 27% of risk managers consider the impact of emerging risks on their business and just 24% look three to…
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Belgium needs ‘uncharacteristically’ ambitious vision to tackle big risks says employer group
The Federation of Belgium Enterprises (VBO-FEB) believes that Belgium risks becoming increasingly irrelevant within Europe and the world, because of…
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German insurers back shift away from cheap Russian energy
The German insurance industry is backing the recent acceleration in the shift away from reliance on Russian energy towards renewables,…
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EC approves German state credit line for firms hit by Ukraine war
The European Commission (EC) has approved a German umbrella scheme with a budget of about €11bn to support companies across…
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Dutch group says EU’s sustainability directive falls short on supply chain impacts
The EU’s planned Corporate Sustainability Due Diligence Directive (CSDD), which is designed to tackle human rights and environmental impacts across…
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Europe agrees new powers to fine and ban large online platforms for illegal content
EU member states have agreed the new Digital Services Act (DSA) that allows large online platforms to be fined up…
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Outgoing Narim president urges buyers to look for positives in hard market
Adri van der Waart, outgoing president of the Netherlands association of risk and insurance management (Narim), has urged his colleagues…
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Financial pressures from Ukraine conflict will challenge insurers, agree top German and Swiss economists
The fiscal and economic pressures brought by the Russian invasion of Ukraine – not least inflation – could well lead…
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Airbus takes big reputational risk on Russian titanium
As Ukraine’s President Volodymyr Zelenskyy urges the European Union to stop buying Russian oil and other core exports, Netherlands-based aerospace…
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EC bolsters defences against public health risks via strategic reserves
The European Commission (EC) has revealed that it is building up strategic reserves of response capacities through the EU Civil…
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Moody’s warns commodity price and supply chain risks to hit growth
Risk managers at banks and other players in the financial services market, including non-life insurers, face fast-rising risks as Russia’s…
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Resilience bonds uncertain but rising corporate interest in cat bonds likely: Sidley
Resilience bonds, which are catastrophe bonds with an incentive to invest in infrastructure by offering premium rebates, are being promoted…
