Since March 2020, Airmic has been issuing Friday Reading, a curated series of readings and knowledge resources sent by email to Airmic members. The objective of Airmic Friday Reading was initially to keep members informed during the Covid-19 pandemic. Today, Airmic Friday Reading has evolved in scope to include content on a wide range of subjects with each email edition following a theme. This page is a searchable archive of all the readings and knowledge resources that have been shared.
Friday Reading Edition 78 (15th October 2021)
A new guide, this addresses 12 frequently asked questions associated with D&O coverage, posed from a director’s perspective. The Guide aims to provide an insider’s guide to directors’ and officers’ liability insurance (D&O) for end users, and for board members in particular. Twelve questions make up the core of the guide, focusing on practical issues that commonly arise. Although designed to be answered by reference to specific policy wordings, the answers are intended to provide general guidance as to the likely position, subject to the significant caveat that no two D&O policies are the same.
Categories:
Keywords:
Friday Reading Edition 78 (15th October 2021)
Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.
Categories:
Friday Reading Edition 78 (15th October 2021)
The Insurance Act was the most fundamental change to UK law governing commercial insurance and reinsurance since the Marine Insurance Act 1906. It governs all polices placed, amended or renewed after the 12th August 2016 and aimed to address the imbalance between insurer and insured rights and encourage a deeper understanding of the risk by all relevant parties. The legislation made significant changes to: the pre-contract duty of disclosure, insurer remedies in the event of a breach of the new duty of fair representation and certain terms used in policy wordings. This guide aims to assist risk professionals in making the most of the benefits of the Insurance Act, while ensuring their own compliance with the duties placed upon them.
Categories:
Keywords:
Friday Reading Edition 77 (1st October 2021)
Affordable D&O insurance has probably never been more difficult to find. One alternative to the pricey and constrained commercial market is to place D&O risk in a captive, but although there are potential advantages, risk managers should know this solution is largely untested, say Jonathan Barnes and Alex O’Shea of KPMG in Bermuda.
Categories:
Keywords:
Friday Reading Edition 77 (1st October 2021)
[Free to read through a subscription or a free trial] Widespread misunderstanding across UK boardrooms about the operation of D&O coverage could leave directors facing legal expenses running into the millions of pounds, according to research from McGill and Partners.
Categories:
Keywords:
Friday Reading Edition 77 (1st October 2021)
Following the trend set by their publicly traded peers, privately held companies continue to face elevated directors and officers liability (D&O) insurance pricing increases, which are likely to continue trending upward through 2021. Insurers are also increasingly limiting coverage terms and/or conditions. It is important to understand why the market is firming as you set new strategies with your broker partner.
Categories:
Friday Reading Edition 76 (24th September 2021)
Covid-19 has accelerated the rise of the intangible economy marking one of the most important economic shifts in modern times. Howden calls on insurers to help fill protection gaps as intangible risks become increasingly ‘invisible’ across multiple lines of business and territories.
Categories:
Keywords:
Friday Reading Edition 76 (24th September 2021)
As our ways of working change and we embrace digitisation, Lloyd’s is on a once-in-a-generation journey to re-design the iconic Underwriting Room and supporting spaces in the Lloyd’s building.
Categories:
Keywords:
Wellspace Audio
Friday Reading Edition 75 (17th September 2021)
The Wellspace digital wellbeing solution has an extensive library of searchable content within the app available 24/7 with topics such as mental health, stress, low mood, bereavement, nutrition, financial wellbeing, sleep and exercise. This session covers Employee Engagement/Communication, Measuring Health & Wellbeing Impact, and the Unified Global Health & Wellbeing Programme.
Categories:
Friday Reading Edition 75 (17th September 2021)
The identification of fraud and successful prosecution when required demands a multifaceted approach that spans the full insurance process. Crawford shares about its data-led solution which combines sophisticated technology and analytics with counter fraud claims handling experience.
Categories:
Keywords: