Emerging Risks
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Islamic finance could support African growth, but needs regulatory reforms
Islamic finance remains small across the African continent, but real opportunities exist for substantial growth. According to a report from…
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Insurers need to ‘rethink’ sharing economy transfer options, says Lloyd’s
Insurers may need to go back to the drawing board to cover new risks arising from the sharing economy that…
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Insurers lobby for European-wide drone legislation to better deliver for clients
The EU should close gaps between member states’ drone regulations that currently restrict insurers’ ability to deliver risk-transfer solutions, said…
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Rushed blockchain projects creating cyber risk ‘blindspots’, warns RSA Security
Businesses pushing through blockchain-driven projects risk new cyber vulnerabilities with some financial services companies, in particular, “rushing” such technology before…
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Munich Re partners with digital duo to ‘revolutionise’ smart factory offering
Munich Re has teamed up with digital partners to set up, risk manage and insure smart factories to allow manufacturers…
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Ocean Risk Summit calls for better risk data but heralds new transfer solutions
The risk and insurance industry urgently needs better data and models to deal with ocean risk, Chip Cunliffe, director of…
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The insurer’s perspective
Richard Taylor is managing director of European Risk Frontiers sponsor HDI Global’s UK branch. He tackled the big questions posed…
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Risk managers have key role in rise of the robots
Very few professions have been left unchallenged by the rise of new technology, in particular the prevalence of automation and…
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AGCS and Nephilia extend weather risk hedges to solar market
Nephila Climate, the weather and ESG-driven specialty division of Bermuda-based Nephila Holdings, together with Allianz Global Corporate & Specialty’s (AGCS’s)…
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Cybercriminals target mobile apps
Cybercriminals are increasingly using mobile apps, disposable devices and fake social media accounts to carry out fraud and avoid detection,…
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DRC gets $12m grant to fight latest Ebola outbreak
The World Bank Group’s Pandemic Emergency Financing Facility (PEF) has given its first financial commitment, approving a $12m grant towards…
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XL Catlin hungry for autonomous tech risks
XL Catlin has “significant risk appetite” for new risks emerging from autonomous technology and has put together a team of…
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HDI Global Specialty formed to focus on high growth and margin business
Talanx has decided to merge the primary specialty operations of its Hannover Re and HDI Global operations to create HDI…
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Lloyd’s enlists partners for tech-driven solutions
Lloyd’s has recruited The Boston Consulting Group alongside insurtech firm L Marks to set up and run Lloyd’s Lab, which…
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TMK launches IP product in France, Belgium and Luxembourg
Tokio Marine Kiln (TMK) has launched a specialist intellectual property (IP) insurance product in France, Belgium and Luxembourg. The company…
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Risk managers warned to factor climate change into all future scenario planning
Risk managers are being warned that climate change is already changing the litigation landscape across the world and that they…
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Munich Re covers AI online fraud payment detection software to boost cyber defences
Munich Re’s Great Lakes Insurance has insured a new artificial intelligence (AI)-driven algorithm that detects fraudulent online payments and should…
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New climate insurance initiative launches for Africa and Asia
Parametric and index-based risk transfer startup Global Parametrics has launched the Natural Disaster Fund, through an innovative climate insurance initiative…
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Lloyd’s survey shows sharing economy held back by risk fears
With only 16% of consumers worldwide actively using sharing-economy services, such as Uber or Airbnb, Lloyd’s said consumer mistrust in…
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AGCS launches entertainment insurance in Asia
Allianz Global Corporate and Speciality (AGCS) is expanding its entertainment insurance coverage to Asia, with launches planned in Singapore, Hong…