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 101 (8th April 2022)
Ransomware and warning shots about risk aggregation have added a big dose of complexity into an already complicated cyber risk landscape. Insurers are weighing the delicate balance of growth vs discipline in the face of surging claims and deteriorating profitability.
Categories:
Friday Reading Edition 100 (1st April 2022)
The survey results paint a picture of globalised companies surprised to be caught between geopolitical competitors. In the 2020 survey, the ratio of respondents who declared themselves “concerned” about political risk in the Asia-Pacific region to those who expressed no concern was well below 2:1. In this year’s survey, that ratio nearly reached 20:1.
Categories:
Keywords:
Friday Reading Edition 100 (1st April 2022)
Russia and Ukraine together account for 25-30% of global wheat production. Sanctions against Russia and the crippling of Ukraine’s agriculture industry have sent the price of wheat and various other commodities skyward and disrupted supplies in the global food production chain.
Categories:
Keywords:
Friday Reading Edition 100 (1st April 2022)
Knowledge of how war exclusions have been interpreted in the past can be useful in evaluating the applicability of the exclusion under the current circumstances around the Ukraine crisis.
Categories:
Keywords:
Friday Reading Edition 100 (1st April 2022)
The Ukraine crisis presents a myriad of risks to the sector – direct underwriting losses, rapidly rising prices, slower economic growth, financial market volatility and the potential for asset shocks – that are not altogether different to what occurred during COVID-19 and the financial crisis. But with direct investment and underwriting exposures limited overall, and with second order effects in financial markets currently manageable, the sector is strongly positioned to support clients through this period of uncertainty.
Categories:
Keywords:
Friday Reading Edition 99 (25th March 2022)
Adrien Collovray, Head of Captive Advisory, GB, Europe and International, Willis Towers Watson, discusses the financial, strategic, and operational considerations for selecting a domicile to meet the needs of the parent and the captive in the short, medium, and long term.
Categories:
Keywords:
Friday Reading Edition 99 (25th March 2022)
On February 7, 2022, Delaware Governor John Carney signed into law a groundbreaking bill that opens up new directors and officers (D&O) liability insurance options for companies. Senate Bill 203, which passed the legislature unanimously on January 27, 2022, clarifies how companies can use captives for Side A D&O coverage.
Categories:
Keywords:
Friday Reading Edition 99 (25th March 2022)
Challenging conditions in the traditional insurance marketplace, notably for cyber coverages, have prompted many buyers to seek to increase the amount of risk they retain with their captives. This article explains how a structured solution can help buyers of cyber coverage to take higher retentions and manage risk volatility within their captives.
Categories:
Keywords:
Captive insurance Text
Friday Reading Edition 99 (25th March 2022)
An introduction to what captives are, how they work, how to form one, and illustrated with case studies.
Categories:
Keywords:
Friday Reading Edition 99 (25th March 2022)
Guernsey International Insurance Association (GIIA) Chair Mark Elliott and Deputy Chair Adele Gale discuss the jurisdiction's pioneering ESG Framework for Insurers, why the framework was built, how it can be used, and what ESG means for the captive insurers.
Categories:
Keywords: