Pandemic
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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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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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African Risk Capacity launches parametric cover for epidemic risks
African Risk Capacity (ARC), the mutual created by the African Union (AU) to help member states better prepare for and…
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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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US court rules in musical’s favour against Chubb in Covid-19 case
A Broadway musical production about entertainer Tina Turner that was cancelled because of Covid-19 is entitled to coverage from a…
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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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Risk managers must innovate as models thrown into doubt by current crises
Risk managers must challenge some of the models and assumptions they rely upon to help mitigate the raft of current…
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AXA wins Covid-19 exclusion case in Court of Cassation
The French Court of Cassation has confirmed its refusal to compensate the operating losses suffered by restaurateurs during lockdown in…
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UK Covid BI litigation still favouring buyers as Stonegate appeals
Covid-19 business interruption (BI) litigation in the UK continues to favour policyholders despite insurers’ claims to have prevailed in recent…
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European corporate resilience will be tested by energy prices and borrowing costs: ECB
Following the sharp recovery and high profits seen during the past year, euro area corporates now face stagnating activity and…
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Two fifths of workers report burnout as long hours take toll
Some 40% of employees across the world are suffering from burnout, with long working hours the biggest cause of stress…
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GVNW welcomes Extremus extension but calls for broader solution for systemic risks
The German risk and insurance management association, the GVNW, has welcomed the news that the government will extend the state-backed…
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German insurers told to ‘storm-proof’ their business
Dr Frank Grund, executive director of the German financial supervisor BaFin, has told the German insurance industry to steel itself…
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GVNW announces credit risk event as energy fears rise among German firms
The German risk and insurance management association, the GVNW, has announced a virtual event focused on the topic of credit…
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EC accelerates enhanced physical and cyber infrastructure plans
The European Commission (EC) this week proposed a range of measures, including enhanced cyber protection, to strengthen the resilience of…
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Australian insurers release BI reserves following Covid-19 ruling
Two of Australia’s biggest insurers have announced significant reserve releases following the decision by the Federal Court of Australia to…
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Australian High Court rejects special leave applications in Covid-related BI cases
The High Court has refused applications by insurers for special leave to take their Covid-related business interruption (BI) cases to…
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Eiopa tells national supervisors to focus on exclusions in effort to find systemic risk solutions
Insurance supervisors across the EU have been told to keep a close eye on how insurers react to the rise…