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For companies across the world, recognising risks and protecting themselves are all part of running a successful organisation. Risks change over time and new ones emerge. That’s clearly evident with cyberrisk, one of the fastest-growing risks that businesses now face. Paul Woehrmann, Head of Captives Services at Zurich, and Lori Bailey, Global Head of Cyber Risk for Zurich Insurance Group, discuss.
Over the last six to 12 months, ransomware groups have continuously adapted their approach to maximise their chances of successfully extorting victims, writes Jayan Perera, Director, Control Risks. Some of the most prolific ransomware groups have begun to demonstrate agility in responding to changes in the threat landscape.
The opportunities and role for risk and insurance management in tackling the climate crises will be debated during a virtual Climate Change Forum, hosted by Airmic, on 9 December.
The United Kingdom and European Union can bring more certainty to multinational insurance programmes by including DIC/DIL structures in future trade agreements, beginning with the ongoing Brexit negotiations.
Members who missed Airmic’s annual ERM Forum on 3 November can still catch up on all the content and download the presentations on the virtual platform. Leading speakers from BHP, KPMG, Aon and Marsh were among the experts who shared their knowledge and insight on the challenges ahead for risk professionals.
As I write, we face two developments of a global magnitude - a potential vaccine for COVID-19 and a new era in the White House. Will 2020’s bad news soon be behind us? As we drive into 2021, will we look into the rear-view mirror, and, to quote a phrase used by Keir Starmer, ask “what was all that about?”
Many organisations are not giving enough attention to risks associated with their motor fleet, according to Mark Cartwright, Head of Commercial Vehicle Incident Prevention at Highways England, and Alison Moriarty, Fleet Risk Director at DRiiVE Consulting LTD.
The COVID-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are also evolving as a result of the pandemic, writes Lars Vissing, Regional Head of Claims, Region Unit London Allianz Global Corporate & Specialty.
Airmic has collaborated with Lyndsey Bauer, Partner at specialist insurance broker Paragon to produce a white paper on how silent cyber issued have developed into coverage disputes.
Authored by Ben Hobby, Partner, Baker Tilly
Airmic has announced its annual member dinner, originally due to take place on 24 November, will be cancelled due to ongoing social restrictions and the uncertain outlook for the winter months.
Companies are continually facing challenges around cyber risk and understanding how to both review and assess such a risk is not a simple task.
Airmic has joined forces with three leading professional membership organisation to form the Resilience Alliance with the aim of developing and promoting resilience globally.
Airmic has released new and updated resources on managing risk and understanding captives as part of its relaunched EXPLAINED Guide series. The Airmic series of EXPLAINED guides provides guidance on a range of risk and insurance subjects at an introductory level.
Airmic’s annual ERM Forum will be held virtually on 3 November and run from 8.45am to 2pm with a series of keynotes and panel discussions on topics including corporate purpose, the climate crisis and organisational resilience.
Companies with sound ERM practices were better-positioned to deal with the pandemic than those with less sound or no ERM, according to Donna Galer, a consultant, author and lecturer.
Research by Risk Management specialist Gallagher has found that businesses are experiencing an increase in cyber risks as a result of changes in their way of working.
Contrary to some commentators, COVID-19 is not a “black swan” event. A pandemic was not only predictable, it was predicted: scientists and experts have warned for decades that a pandemic like COVID-19 was a plausible scenario.
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.