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Established 1996
Thursday 25 August 2016

BREAKING NEWS

Majority of UK employers lack employee health strategy

Barely a third of employers in the UK fully understand the impact of their employee health issues. This is the conclusion of Aon's annual study of employee health across the EMEA region, which also claims that UK companies are less likely than their neighbours to have a defined health strategy.

Misdeclared cargo causing a third of incidents on ships

Data captured by the Cargo Incident Notification System (CINS) indicates that some 27% of incidents in terms of detected causation were attributable to cargo being mis-declared, second only to poor packaging. UK P&I Club risk assessor David Nichol says it is imperative for the safety of the ship and crew that all necessary steps are taken to handle and stow dangerous goods in such a way that reduces the risk of an emergency incident.

Global InsurTech attracts US$1bn investment in H1

The first two quarters of 2016 have seen over US$1bn in venture capital investment according to report carried out by KPMG and CB Insights.
VC investment into wider FinTech firms fell by almost 50% in Q2’16 but InurTech stands out as it continued to attract significant attention.

Other News Stories...

Regulatory reform in Asia expected to increase appetite for reinsurance

Asian regulators are in the process of implementing a range of measures that would alter the operating and business climate in the region, which could increase the region’s appetite for reinsurance. Fitch Ratings believes that these recent initiatives could lead indirectly to greater demand for reinsurance, as direct insurers rethink risk management strategies and appetite.

SMEs at risk of cyber protection gap

Nearly one in three SMEs see developing an online presence as a key opportunity for their business in the year ahead, but only one in 10 perceive cyber attacks as a threat to that growth. These are the findings of a survey of over 1,000 UK SMEs, carried out by Aon Risk Solutions, in which 24% of respondents saw online presence as key to their business, but just 3% have cyber insurance.

NTT Security launches new cyber defence programme

NTT Security has announced the launch of its Cyber Security Innovation Programme, through which they will explore and test the evolving technology landscape, and examine how a range of the latest solutions can help organisations create sustainable and resilient cyber architectures.

Insurance Act comes into force

The new regime for commercial insurance law comes into force today. Designed to increase professionalism in the placing of commercial insurance, the new Act aims to provide fairer outcomes for customers, and will also bring new considerations for brokers and businesses when arranging insurance

Airmic: Market ready for Insurance Act

Policyholders, brokers and insurers are well prepared for the Insurance Act as the new law comes into force today, according to Airmic. A survey of its membership, conducted in the two weeks prior to the implementation date, revealed that over 90% of respondents feel fully prepared or relatively prepared for the law change.

Business resilience
Business resilience

CIR speaks to FM Global’s Simon Baker-Chambers about business resilience in the waste-to-energy sector

Latest News Headlines
Industry News

Deborah Ritchie provides a summary of some of the latest stories in business risk, insurance and resilience

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