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Business interruption… Groundhog Day?


Damian Glynn - Sedgwick
COVID-19 has raised some tricky questions about business interruption cover around the world and cyber-related issues continue to present complicated challenges. We can afford to focus on those concerns because we already have the basic BI cover sorted out. Or do we?
In 2017, RIMS issued a report that summarised the findings of a business interruption survey. The report offered a snapshot of the scope of BI cover and the level of confidence that risk managers had in their insurance programmes. Unfortunately, the results suggested that the scope of cover for many businesses was inadequate and the overall level of confidence in programmes was low. ....

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CII creates Presidents Forum to assess customer needs


Insurance Age
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The Chartered Insurance Institute (CII) has created a President’s Forum to explore customer needs that are not currently being fully met by the insurance profession.
The forum will be chaired by current president of the CII, Julie Page, CEO of Aon UK.
The forum also includes Anthony Baldwin, CEO AIG UK and current president of the Insurance Institute of London, Sian Fisher, CEO of the CII, Peter Blanc, deputy president of the CII and Group CEO of Aston Lark, Julian Enoizi, deputy president of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. ....

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AM Best to Present Reinsurance Industry Insights at Insurance Institute of London Webinar


AM Best to Present Reinsurance Industry Insights at Insurance Institute of London Webinar
AM Best will present a webinar hosted by The Insurance Institute of London (IIL) discussing the state of the global reinsurance market on 18 March 2021 at 11:00 a.m. GMT (3:00 p.m. GST).
During the one-hour event, Catherine Thomas, AM Best senior director, analytics, and Steven Chirico, director, will discuss the rating agency s view of the global reinsurance market and the factors behind its stable market segment outlook for 2021, including the major drivers of reinsurance results, the sufficiency of reinsurers capitalisation levels and the impact of new capital on market conditions. Despite AM Best s stable outlook, its rationale reflects a number of offsetting negative and positive market forces, and the analysts will provide insight on these specific attributes and contemplate when uncertainty and economic volatility will translate to more-normal operating conditions. ....

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