emerging risks News

How Programs Address Emerging Risks

Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in fact, they …

Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference

Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s “one of the largest gatherings of hazard risk …

Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers

Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy, reputation and brand, micro insurance, corporate liability covers, terrorism …

Guy Carpenter Report Examines Major Emerging Risks Facing Re/Insurers

A new report published by Guy Carpenter & Co. identifies four key areas of emerging risk for re/insurers: cyber risk, technology risk, casualty catastrophe and reserving, and life, health and longevity risk. In the report, titled “A Clearer View of …

Lloyd’s City Risk Index Shows $4.6 Trillion GDP at Risk in 301 Cities

The first-ever Lloyd’s City Risk Index, which analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a 10-year period, concludes that a total of $4.6 trillion of projected GDP …

Drone Industry Development Backed by Plentiful Insurance Capacity: Marsh Report

The rapid development of the unmanned aerial systems (UAS/drone) industry is underpinned by the insurance market’s willingness to provide cover for the deployment of the fledging technology, said a report published by Marsh. Insurance capacity for UAS operations is plentiful …

Solar Storm Jolts Earth; No Damage Reported

A severe solar storm smacked Earth with a surprisingly big geomagnetic jolt Tuesday, potentially affecting power grids and GPS tracking while pushing the colorful northern lights farther south, federal forecasters said. So far no damage has been reported. Two blasts …

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 …