Cyber risk is the number one risk facing the non-life insurance industry over the next few years followed by nat cats and regulation, according to the Centre for the Study of Financial Innovation's (CSFI) and PwC's Insurance Banana Skin 2015 survey.
A group of leading corporate investment and interest groups have launched a consultation process to help create a corporate human rights benchmarking system that will rank the top 500 globally listed companies on their human rights policy, process and performance.
The International Underwriting Association (IUA) has warned that 'sweeping' reforms to tax systems around the world and increased cooperation between authorities will have 'profound' implications for the insurance industry and its customers.
Despite high profile losses in 2014 and the first half of 2015 the aviation insurance market continues to soften. However, some observers now question the sustainability of current premium rate decreases.
The prospect of serious risk transfer deals being made between corporate risk managers and the capital markets through Insurance-Linked Securities (ILS) appears to be nudging ever closer based on a recent report from Willis' capital markets operation.
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) forecasts far fewer tropical cyclones and landfalls in the Western North Pacific Basin than average in 2015 as El Niño conditions take hold.
The Corporation of Lloyd's, IUA, LIIBA, and LMA have announced a new insurance market-wide festival to promote diversity and inclusion in the sector.
Vinay Mistry set for CRO role at The Channel Managing Agency, Damian Ely appointed CEO of Charles Taylor Adjusting, Beazley launches UK and European media team, Arthur J Gallagher expands into Colombia and FM Global develops new fire sprinkler solution.
The new round of M&A activity in the insurance sector points to a 'long-term shift' in the industry's operating environment as large companies look to merge in order to better serve the needs of their clients and attract the interest of capital markets while gaining leverage with reinsurers and brokers, according to AM Best.
There is an increased tendency for corporate insurance claims to be challenged with most disputes arising from a lack of understanding over what is covered by policies, according to Richard Ward, Chairman of loss adjusting firm Cunningham Lindsey.
The number of food recalls per year in the US has almost doubled since 2002 and food contamination cost the US health authorities a massive $15.6bn in 2013, according to a new report by Swiss Re.
New research by AIG in the UK suggests that boards need to play a greater role in managing cyber risks.
Aviation insurers may be storing up problems for the future as falling premium prices caused by overcapacity in the market rather than improvements in risk management fail to keep up with growing exposures, warns Allianz Global Corporate & Specialty (AGCS).
Rating agent AM Best says that eurozone insurers remain 'robust' as the Greek debt crisis continues, but law firm CMS London is advising clients to urgently review their policies.
RIMS has warned that companies face risks from employees working out of the office and recommended risk managers help their organisations develop a remote working policy.
Total and insured losses from natural catastrophes in the first half of 2015 were once again well below the 30-year average, according to latest figures from Munich Re.
Large financial institutions are turning to operational risk insurance as traditional products fail to adequately cover increasing regulatory and technological threats.