Draft Brexit agreement met with concern at BIBA
Responding to the draft Brexit agreement outlined this week, the British Insurance Brokers' Association has welcomed progress towards a transition period but remains concerned over the lack of a solution for UK brokers trading with commercial and retail customers in Europe.
Aon launches NDBI for intangible assets
Aon has today announced the availability of its new non-damage business interruption (NDBI) cover designed to protect the income streams of the growing number of companies with high levels of intangible assets. The new NDBI cover can be particularly beneficial to hotels, retailers, pharmaceutical firms and transportation companies. For the hospitality and retails sectors, the product can help firms mitigate the financial impact of lower client footfall following events such as delays or cancellations to transportation.
Nissan Renault boss arrested over misconduct claims
Chairman of Nissan and chief exec of Renault, Carlos Ghosn, has been arrested in Japan over claims of financial misconduct. The car maker has for the past few months been conducting an internal investigation regarding misconduct involving Ghosn and director Greg Kelly.
21st annual Business Continuity Awards: Open for entries!
The 21st Annual Business Continuity Awards, celebrating achievement in business continuity, security and resilience, are open for entries. The Business Continuity Awards are the most anticipated event in the business continuity calendar and provides unrivalled networking, alongside a night of entertainment and celebration.
CBI outlines response to draft Brexit agreement
A specially-convened meeting of the CBI’s most senior policy-making committee has issued a unanimous statement declaring ‘we must not go backwards’ following the publication of the draft Withdrawal Agreement between the UK and EU. It says the agreement has two essential economic benefits which must be achieved: avoiding a no deal cliff edge by delivering transition, and opening a route to a good long-term trade deal.
Cyber attack and data breach top supply chain risks
Cyber attacks and data breaches continue to top the list of challenges for business continuity professionals, according to the BCI’s latest annual Supply Chain Resilience Report. As per last year’s report, uptake of business continuity arrangements continues to grow, with increasing numbers of organisations embedding business continuity to protect supply chains – and that’s despite what it highlights as a declining commitment from senior management…
Goods hijacked on British roads cost £14m in three months
Cargo theft on UK roads cost companies around £14 million between the months of April and June, with alcohol and tobacco products the most targeted items. Further analysis from BSI and the National Vehicle Crime Intelligence Service (NaVCIS) cites an average loss of £36,436 per incident, with the highest-value single cargo loss in Q2 cited as £1.13m, when thieves stole a trailer loaded with luxury fashion goods.
Digital still 'some way off' in financial services
Although many people use apps to check bank balances and make transactions, a large number of financial services customers still receive paper records such as policy documents and statements. Some 5.2bn paper documents were estimated to have been sent by the industry last year alone, according to a study conducted by EY, which suggests just 28% of customers are truly paperless.