Pandemic
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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…
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EC opens door for input from Ferma on systemic risk solutions
The EC is potentially giving a boost to flagging efforts to tackle major systemic risks – including climate change, supply…
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Wegener calls for more support from insurers on PPP solution
Ferma president Dirk Wegener wants more support from the insurance industry for the federation’s campaign to develop a public-private partnership…
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IAIS highlights role of supervisors in response to future pandemics
The response to future pandemics is likely to involve multi-stakeholder insurance-based programmes, and insurance supervisors could act as a bridge…
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German market facing a perfect storm of risks: HDI Global
Cyber risks remain high up the agenda of German risk managers, as a result of the rise in cyberattacks following…