Geopolitical
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Shipowners face average 5.8% rate increases under International Group of P&I Clubs renewal
The International Group of Protection & Indemnity Clubs (IG) has renewed its reinsurance programme for 2023/24 with a “small increase”…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…
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IP risk management and geopolitics big concern for life sciences
A new survey by WTW finds that life science firms are now concerned about a much wider range of enterprise…
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Prepare for a decade of volatile risks ahead, warns WEF
Investment in risk management and mitigation will be critical as geo-political conflict, climate change and the cost of living create…
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WEF warns one more systemic shock could be unmanageable
The window for action on the most serious global threats is “closing rapidly”, warns the World Economic Forum (WEF) in…
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Shipowners face higher rates for Black Sea trade as reinsurers pull back: Reuters
The withdrawal of reinsurance capacity at 1 January renewals for ships exporting from Russia and Ukraine is adding further costs…
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Property reinsurers push Europe into hard market at 1/1 renewals
European reinsurance buyers once again faced a hard market at January renewals after ten years at the bottom of the…
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Time to get back on the front foot
This has been quite a year for the European and global risk and insurance management community, and I am sure…
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Reinsurers pull cover for Ukraine cargoes with 1/1 war-risk exclusions: Bloomberg
Major reinsurers will pull cover from the start of next year for vessels going to and from Russia and Ukraine…
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AM Best revises French cat reinsurer outlook to negative
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial…
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Risk managers face growing ESG risks
The interconnectivity of ESG risks is creating new challenges that risk managers and their organisations cannot afford to ignore. ESG…
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Conflict on the rise over EU’s focus on the ‘S’ in ESG
Brussels-based European business confederation BusinessEurope is “deeply concerned” about what it describes as the “overly detailed and prescriptive” requirements that…
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Supply chain disruption may worsen in 2023: Supply Wisdom
Supply chain disruption will persist into next year and could even worsen, Supply Wisdom has told Commercial Risk. Next year…
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Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
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Energy crisis, geopolitics and cyber top risk outlook for 2023
The energy crisis, political polarisation and mounting cyber risks top a list of five major threats to businesses in 2023,…
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Second round of Russian mobilisation causing strategic business risks highly likely, warns Dragonfly
The Russia-Ukraine war is likely to grind on well into next year with the chance of a negotiated peace agreement…
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Geopolitical risks and cost of living threaten productivity in 2023: International SOS
Organisations have been put into ‘perma-crisis’ mode with global risks from geopolitics to the cost of living threatening productivity going…
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Italian, French and German business groups call for regulatory truce
The Italian, French and German confederations of industry have sent a joint declaration to national governments and the EU, calling…
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Eiopa publishes dashboard to help tackle nat cat protection gap
The European Insurance and Occupational Pensions Authority (Eiopa) has released a dashboard that depicts the insurance protection gap for natural…
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Top European insurance economists agree inflation will be the driver in 2023
The German insurance association (GDV) recently gathered a group of chief economists with leading insurance and reinsurance groups, and all…