Pandemic
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Pandemics, climate and cyber top AXA risk list
Pandemics and infectious diseases have unsurprisingly jumped above climate change and cyber risk to become the number risks during the…
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Seven insurers set to appeal FCA BI ruling as agreement not reached
Discussions between insurers and UK regulator the Financial Conduct Authority (FCA) on behalf of business interruption (BI) policyholders have failed…
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Complex ‘off-the-peg’ policies failing buyers, says Mactavish
Commercial insurance products are too standardised for today’s buyers and risks, while policy wordings are overcomplicated and often contradictory, according…
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FCA and insurers file precautionary ‘leapfrog’ BI appeals but ‘positive’ discussions continue
The FCA and seven insurers have filed precautionary ‘leapfrog’ applications to appeal to the UK’s Supreme Court on the recent…
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European D&O market set for further hardening as Covid-19 reinforces tough conditions
European D&O insurance buyers now face a hard market and should brace for further increases at renewals, brokers and insurers…
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Extending state support for credit cover ‘imperative’, says GVNW
The German risk and insurance management association GVNW and the Federal Association of German Insurance Brokers (BDVM) have asked their…
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Coalition warns against ‘parking’ climate risks during Covid-19 crisis
A coalition of financial institutions and investors, including companies from the insurance industry, has warned world leaders against “parking” the…
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The role for international programmes post-pandemic
The use of global programmes could actually increase as a result of the Covid-19 pandemic, according to experts from Zurich…
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Rates to continue upwards
It seems that even a pandemic will not be sufficient to stop the insurance market in its determination to drive…
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Skiers sue Austrian government for Covid-19 cases
The Austrian government is facing four civil lawsuits and a potential class action over an outbreak of Covid-19 at a…
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Coronavirus hastens need for reputational risk management and insurance
Companies must focus on reputational risk management and require better insurance products to manage threats such as a pandemic and…
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AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals
A new AMRAE report finds that the French insurance market is now hard pretty much across the board and warns of…
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Van der Waart warns Narim members to ‘prepare for battle’ with insurers
Adri van der Waart, president of the Dutch risk and insurance management association Narim, has advised members to “prepare for…
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Airmic calls for urgent work on wordings to remove ambiguity
The Airmic leadership has called for urgent work to be carried out by all parties in the commercial risk transfer…
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Willis Re survey predicts cost of cyber cover to rise in pandemic alongside demand
Cyber insurance rates are expected to harden in line with increased demand as buyers respond to new risks linked to…
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World’s top reinsurers record $1.1bn H1 2020 loss, says Aon
The world’s largest 23 reinsurers recorded a net loss of $1.1bn in the first half of 2020, according to Aon’s…
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Risk managers fare well in pandemic but fell short on risk identification
Risk managers have generally fared well in the pandemic and boosted their reputation but many were found wanting when it…
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UK rate increases may accelerate into 2021: Marsh
The UK commercial insurance sector continues to get tougher for buyers and hardening could accelerate into 2021, warns Marsh in…
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Pandemic fraud on the rise
Risk managers must take steps to protect their businesses from a rising tide of fraud during the pandemic, according to…
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Rates continue to harden as pandemic rolls on
Liz Booth reports on the impact of Covid-19 on global programmes. But, as she explores, it is the hardening insurance…