emerging risks News

Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re

Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the latest …

Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab

Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products and chemicals that are typically excluded or under-insured in standard …

Specialty Lines Insurance: Innovating at the Edges of Society and the Economy

Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …

Missouri’s POWERS Insurance & Risk Management Launches Emerging Risks Unit

POWERS Insurance and Risk Management, headquartered in St. Louis, Missouri, has launched an emerging risks division. This new sector will focus on insurance risk strategies that are aligned with cyber, technology, cannabis and green energy, the company said. JD Powers, …

Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter

The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of …

Texas DWC: Firefighters’ Cancer-Related Workers’ Comp Claims — and Denials — an Emerging Issue

How to process cancer-related workers’ compensation claims filed by firefighters’ and emergency medical technicians’ (EMTs) is developing into an emerging issue, Texas workers’ compensation system regulators point out in a report to the Legislature about the status of the workers’ …

The Changing Risk and Liability Landscape: New Tech, New Loss Scenarios

Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial intelligence, smart factories and digitalized supply chains …

15 Emerging Risks from Policies to Playgrounds, Sandboxes to Scooters

When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some experts are also eyeing a variety of …

Technology Is Outpacing Risk Management: Marsh-RIMS Report

Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a report published today by global insurance broker Marsh and the risk …

CFC Underwriting Launches New Product for U.S. Nutraceutical Companies

Specialist lines underwriting agency CFC Underwriting has added to its life sciences suite of products with a new insurance product designed specifically for nutraceutical businesses in the U.S. Coverages include products liability, commercial general liability and cyber. Broad product recall …