Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, Fitch Ratings says.
Descartes Underwriting has appointed Mr Louis Bollaert as chief revenue officer who will oversee expanding Descartes' corporate offering to climate-exposed markets globally. As the company reaches advanced stages of new product development, he will also manage the roll-out of expanded product lines and customer segments.
Fire, collision and sinking, and damaged cargo are the top causes of marine insurance losses by value according to Allianz Global Corporate & Specialty's (AGCS) analysis of more than 240,000 claims worth EUR9.2bn in value.
Over two-thirds (70%) of claims from digital healthcare presently come from areas which would not be covered under traditional medical policies or traditional malpractice solutions according to a new report by CFC Underwriting.
Climate change impacts - from slow-moving crises such as drought and sea level rise to weather disasters - are increasingly displacing people from their homes and worsening conflict threats according to scientists at the COP27 UN Climate Talks.
Unprecedented digitalisation in our society has pushed many business leaders and executives to understand how they can adequately assess and govern cyber risk according to a new blog by World Economic Forum (WEF).
A growing number of the world's largest companies are setting net zero targets, but nearly all of them could fail to meet these commitments unless they double their emissions reduction rates, according to a new report by consulting firm Accenture.
Between June and August 2022 around 2.5m people in the UK have reported long-term sickness and mental health issues as the main reason for economic inactivity, up from around 2m in 2019 according to a new analysis by the Office for National Statistics (ONS).
The future of some of the world's most important shipping lanes - including the Suez and Panama canals and other sea-facing port and terminal infrastructure - could be impaired from risks associated with climate change according to a new paper published by Marsh.
Risk managers have a clear role to play in developing and managing ESG strategies for their organisations, but work is needed to define where best to focus efforts according to a new survey conducted by WTW.