emerging risks News

Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter

Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new products, expansion into new geographic markets …

Boston Emerging as Unlikely Battleground for Web-Based Businesses

A renowned technology hub that is home to some of the country’s top universities, Boston is emerging as an unlikely battleground for web-based businesses like Airbnb and Uber, with some saying more regulations are needed to prevent the upstarts from …

Swiss Re Affirms Priority of Risk Management; Updates Procedures

Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one of the …

Technical and Medical Device Convergence Exposes New World of Risks

When the acclaimed television drama series Homeland climaxed with a devious plot by terrorists to kill America’s vice-president by hacking into his electronic pacemaker, critics mocked the ludicrousness of the idea deeming it as simply far-fetched fiction. However, the storyline …

Insurer Alleges Robotic Surgery Firm Lied About Claims

Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product liability insurance. Illinois Union Insurance Co. seeks …

FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1

The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management Associations’ (FERMA) recently concluded forum in the …

How Casualty Actuaries Help Insurers Manage Nanotech, Other Emerging Risks

Casualty actuaries can help insurers meet the demand for new products by identifying, analyzing and pricing new risks, according to two speakers at the srping meeting of the Casualty Actuarial Society. Since the mid-1980s, casualty insurance has shrunk as a …

WillisWire Bloggers Reveal Their Top Emerging Risks for 2012

A bulletin from Willis Group Holdings identifies 18 “emerging risks,” as causing increasing concern among the world’s insurance community. Willis compiled the list from its new website of intellectual capital, WillisWire. While “headline-grabbing events” – the euro zone crisis, the …

Deloitte Advice for Insurers in 2012: Focus on New Products, Countries

Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging …