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Established 1996
Sunday 29 May 2016

BREAKING NEWS

Turmoil in emerging markets and internet fragmentation among biggest future risks

Turmoil in emerging markets, increased localisation of internet networks within country borders and financial repression are some of the key risks identified in this year’s SONAR report published by Swiss Re. The publication is based on the SONAR process, a crowdsourcing tool drawing on Swiss Re’s internal risk management expertise to pick up early signals of what lies beyond the horizon.

Companies leaving the back door open to risk in pursuit of future growth

UK mid-market businesses lost approximately £48bn last year due to a failure to adequately mitigate risks directly within their control, according to new analysis by KPMG Enterprise.

World Bank Group creates insurance market for pandemic risk

The World Bank Group has launched the Pandemic Emergency Financing Facility (PEF), a fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which it says will create the first-ever insurance market for pandemic risk.

Other News Stories...

AXA pulls out of tobacco industry investments

French insurer AXA has announced that it plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it will sell its €1.8bn (US$2.02bn) worth of assets in the sector.

ABI calls for UK database to help tackle cyber crime

The Association of British Insurers (ABI) has called for the introduction of a national, anonymised database recording details of cyber incidents at businesses in order to help the UK become a world leader in cyber insurance.

Zika virus could be in Europe by summer

The World Health Organisation is calling on European countries to prepare as the Zika virus expected to spread to the region by late spring or summer. A new WHO report assesses the risk of a Zika virus disease outbreak occurring during this period, and concludes that while the overall risk is low to moderate, countries where Aedes mosquitoes are present are more likely to experience an outbreak.

Allianz launches new cover for marine cargo risks

Allianz Insurance has launched a new, online marine cargo proposition designed for SMEs and mid-sized corporate businesses. Allianz’s Complete Cargo product provides cover for loss or damage to goods whilst in transit within the UK and to or from countries worldwide, as well as the option to include UK storage cover.

Automotive recalls reach record high in Q1

Automotive recalls reached their highest quarter on record during Q1 2016, increasing by a significant 76% from Q4 2015. By comparison, recalls of consumer products, including toys, clothing and electrical appliances, declined from the previous quarter. Although this industry is experiencing a downward trend, the vast majority of recalls in Q1 were considered a serious risk.

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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