News

Technology

Bolster underwriting performance through effective pricing and governance and avoid the ‘race to the bottom’

Price has always been a central part of the insurance decision-making process. Clients want value for money and to know that they have the fullest possible coverage, but they are also highly price-sensitive. In the competitive commercial lines market, even small price fluctuations can make a huge difference to a carrier’s ability to win or keep business.   6 October 2021

Technology

Using parametric coverage to close the protection gap formed by the accelerated adoption of cloud services

There are myriad benefits for a company that is highly connected, data-driven and technology-enabled. Decisions are made faster and with greater accuracy. There is a greater reach and companies can experience sustainable growth at rates never before thought possible. But, as always, there are consequences. With technology advances have come the threat of technology downtime and business interruption with the potential to cost millions in lost revenue or worse, litigation.   6 October 2021

Insurance

Aon launches Ransomware Defence to tackle cyber insurability

Many organisations across UK and EMEA are unable to purchase cyber insurance   6 October 2021

Insurance

UK fraud value up since pandemic but not as much as feared by insurers: ABI

The pandemic meant big changes in rates but fraud detection rates rose.   6 October 2021

Insurance

AXIS boosts Capital Risk Solutions unit with trio of appointments

Two will relocate to London while the third is based in Singapore   6 October 2021

Risk Management

How Airmic will help risk managers future-proof their organisations

Ahead of UK risk management body Airmic’s annual conference, CEO Julia Graham explains why the risk manager’s horizon-scanning approach is more important than ever.   5 October 2021

Risk Management

All cyber insurance claims made by Airmic members relate to ransomware

The cyber insurance market is still perceived as harsh, but there are green shoots of improvement emerging in market conditions.   5 October 2021

Risk Management

Airmic releases new Risk Appetite and Insurance Act EXPLAINED Guides

New guides help risk professionals understand risk appetite, and navigate the UK’s Insurance Act of 2015.   5 October 2021

Risk Management

Digital literacy, creative mindset and influencing skills are key for risk managers

New Airmic survey also highlights increase in joint responsibility for risk and insurance.   5 October 2021

Risk Management

Business interruption following a cyber threat remains top risk for 2021 - Airmic

Regulatory compliance in the context of ESG is the leading topic of concern to risk professionals this year.   5 October 2021

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