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 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.
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Friday Reading Edition 98 (18th March 2022)
Updated 17 March 2022: The UK and EU keep up the pace of sanctions against Russia amid sustained Ukraine conflict.
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Friday Reading Edition 98 (18th March 2022)
Russia and Ukraine rank 11th and 55th respectively in terms of their national economies but, for the global supply of critical resources such as energy, food, and minerals, these two countries together are far bigger hitters – and both the threat and reality of resource flows from them being reduced have already driven up global prices.
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Friday Reading Edition 98 (18th March 2022)
The entire global economy will feel the effects of slower growth and faster inflation. Impacts will flow through three main channels – higher prices for commodities like food and energy will push up inflation further; neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows; reduced business confidence and higher investor uncertainty will weigh on asset prices.
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Friday Reading Edition 98 (18th March 2022)
Russia’s invasion of Ukraine is having ripple effects around the world. In times of turmoil, employers need to address the impact that events can have on their workers, even those far from the center of conflict.
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Friday Reading Edition 98 (18th March 2022)
On wiper malware and other malware, which are hitting Ukraine – This guidance helps private and public sector organisations deal with the effects of malware (which includes ransomware). It provides actions to help organisations prevent a malware infection, and also steps to take if you're already infected.
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Friday Reading Edition 96 (4th March 2022)
The NCSC has urged organisations to follow its guidance on steps to take when the cyber threat is heightened – this guidance encourages organisations to follow actionable steps that reduce the risk of falling victim to an attack.
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Friday Reading Edition 96 (4th March 2022)
Russia’s invasion has materially altered the near-term outlook for the UK and global economies and increased uncertainty over the path ahead. This article summarises early analysis on the impact on the UK economy via four main channels: energy (and other commodities), trade, financial links and confidence. It concludes with a brief discussion of the possible implications for UK inflation, growth and the outlook for interest rates.
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Friday Reading Edition 96 (4th March 2022)
Hitting energy exports is no longer so unthinkable but the market is already ‘self-sanctioning’ in dealing with Moscow. Selected Financial Times coverage of the war in Ukraine is free to read.
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Friday Reading Edition 96 (4th March 2022)
Lloyd’s of London could be facing a “sizeable” loss from its $2bn share of the political risk insurance market during the ongoing Russian and Ukraine war. Exposure to eastern Europe is likely to be ‘modest’ but classes such as energy could take a beating.
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