Crises tend to fast-forward technology and innovation, and the pandemic has been no exception, writes Airmic News Editor Dave Benyon.
Risk and insurance professionals will need to keep pace with the current period of innovation, with a raft of new technologies seeing accelerated implementation as a result of the pandemic.
Risk has grown more nebulous and insurance needs to catch up, says Sheila Cameron, CEO of the Lloyd’s Market Association, speaking about a new study undertaken for the London Market Group.
Prior to March 2020, pricing for trade credit insurance was historically low, capacity was high and policy structures were extremely flexible, following a decade of softening terms and rates driven by strong economic growth, low insolvency rates and increased capacity.
Airmic hosted a webinar with the campaigning organisation to highlight modern slavery as an area of heightened risk and responsibility for businesses to make a difference.
James Dalton, the ABI’s general insurance director, addressed the recent Commercial Risk claims event to underline the importance of trust, transparency and product clarity, in the wake of the FCA’s test case on business interruption insurance claims.
Sudden change amid the pandemic put risk management top of the boardroom agenda, providing risk professionals an opportunity to implement new technologies, according to Raj Singh-Dehal, chief corporate officer at Center Parcs.
The first quarter of 2021 saw record global insurtech investment, according to an estimate from Willis Re, but the reinsurance broker thinks many startups could miss the mark.
Julia Graham took over in April as chief executive, bringing her own leadership style and ideas to the CEO role at Airmic.
Brand value is universally acknowledged, yet reputational risk is still insufficiently insured.
A renewed focus on mental health means Airmic will keep its website updated with wellness content in association with partners, including Marsh and QBE.
Airmic hosted a webinar to celebrate International Women’s Day 2021.
Airmic held a webinar in association with Zurich to focus on the wider social concerns associated with the Coronavirus pandemic.
A UK government white paper published on 18 March by business secretary Kwasi Kwarteng includes far reaching proposals relating to UK corporate governance and audit oversight, writes Francis Kean, Partner in McGill and Partners’ Financial Lines team.
George Beattie, Head of Incubation Underwriting at Beazley, discusses the drivers behind the growth in demand for reputational risk cover.
Some 18 million square foot of office space to become “redundant” by 2025, according to Gallagher, amid long-term shifts in working life driven by the pandemic.
Christopher Bourdaire of Sovos | FiscalReps
Changes brought about by the Insurance Act 2015 in relation to basis clauses, warranties and other terms may have the knock-on effect of seeing the increased use of conditions precedent in policy wordings. Paul Lewis and Laura Moorhead of Herbert Smith Freehills LLP exp
Although Theresa May has said that "Brexit means Brexit", there is still a huge amount of uncertainty and debate about what it will actually look like. Ben Waterton of Arthur J. Gallagher urges risk managers to act now.
Cyber-attacks have become a fact of business life and being unprepared is no excuse. Sarah Hewitt of Arthur J. Gallagher offers advice on what an effective breach response plan should look like.
Airmic’s new website will be live in time for the annual conference with a different look and feel, greater ease of use, more member focus and compatibility with tablets and smart phones.