- UK receives highest rating in WEF gender equality index
- 2019 Predictions: D&O insurers will feel impact of expanding #MeToo claims
- UK and US to finalise insurance trade agreement
- Fire and explosion cause largest losses for business
- 2019 Predictions: Growing dependence on tech both strength and weakness
UK receives highest rating in WEF gender equality index
The World Economic Forum has published work by the Women Political Leaders Global Forum, that has, in cooperation with Kantar, created the ‘Reykjavik Index for Leadership’ to help understand global attitudes to gender equality in leadership roles. The UK tops the list, with the highest rating for equality in the index for leadership for the G7 nations. The Index shows that the G7 divides into two groups of countries. First, a group of four that have higher indices out of 100: the UK (72), France (71), Canada (71), and the US (70).
2019 Predictions: D&O insurers will feel impact of expanding #MeToo claims
As we head into 2019, we believe insurers will need to prepare for potential sexual harassment and discrimination claims. With rising numbers of sexual misconduct allegations and increased awareness of gender pay inequality across all areas of business, media and political life, insurers can expect increased exposure linked to sexual discrimination and harassment claims and class actions throughout the year.
UK and US to finalise insurance trade agreement
The US Department of the Treasury and the Office of the US Trade Representative have announced their intent to sign a UK-US covered agreement. The agreement is an important step in providing regulatory certainty and market continuity as the UK prepares to leave the EU in March 2019, as well as in making US companies more competitive in domestic and foreign markets and making regulations more efficient, effective and appropriately tailored.
Fire and explosion cause largest losses for business
Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come. However, it is fire and explosion incidents that cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty. The vast majority of corporate insurance claims originate from technical or human factors despite natural catastrophes such as hurricanes, having caused devastating losses over the past two years.
2019 Predictions: A challenging year for trade credit and political risk insurance
In 2018, emerging markets made headlines as foreign investors pulled back from heavily indebted countries like Turkey, Argentina and South Africa. While 2019 is unlikely to experience a full-blown debt crisis, we believe political and trade credit risk will remain in the spotlight in Argentina and Turkey, as well as other key markets, driving increased demand for specialist trade credit insurance. US-China tensions may also create trade distortions and put US companies operating in China at risk.
2019 Predictions: Smart contracts will take off in insurance
As we mark the ten year anniversary of Bitcoin’s launch, there’s no shortage of news and speculation related to the digital currency’s value and potential applications. Articles related to blockchain overwhelming concentrate on an infrastructure underpinning digital currencies used for speculative investments. The reality is far more complex. Blockchain technology’s potential application could disrupt vertical industries as diverse as entertainment, agriculture, and logistics.
Maersk and Xcel join Shell in setting pay-linked targets
Following the announcement by Shell that it will link executive pay to carbon-reduction, logistics company Maersk and US electric power company Xcel Energy have pledged to cut their carbon emissions to zero by 2050.
2019 Predictions: Growing dependence on tech both strength and weakness
As business leaders pin their future growth strategies around rising technology spend, so technology risk and cyber risk will rise in 2019. These are two of the key predictions from CNA Hardy’s global 'Risk and Confidence Report', published in November. Three quarters (74%) of business leaders are prioritising technology spend in November 2018, and over a third (37%) of C-suite executives predict spending will rise in 2019. Increasing reliance on technology is based on the belief that it will help businesses to drive efficiency, profitability, innovation and closer customer interaction.