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How to identify the next ‘unprecedented’ event
Actuarial & underwriting
Identifying low probability, high severity risks can be a challenge, as evidenced by the large number of companies caught without coverage when the COVID-19 pandemic struck. The Delphi method is one way that companies can prepare for the unexpected, says Gordon Thompson of AmeRisk Consulting.   12 May 2020
FERMA launches cat risk business interruption taskforce
Actuarial & underwriting
The Federation of European Risk Management Associations (FERMA) has launched a taskforce to make proposals to address the issue of business interruption coverage for catastrophic risks.   11 May 2020
Adapting risk strategies to cope with COVID-19
Actuarial & underwriting
Risk managers entered 2020 with certain expectations about the challenges and opportunities the year would present. The onset of the COVID-19 pandemic has forced them to throw their plans out of the window, and rethink how to manage their exposures in a world that suddenly looks very different, says Milliman’s Mike Meehan.   11 May 2020
Actuarial & underwriting
AF Specialty has appointed Ian Podmore as director of captive operations. Podmore focuses on business growth and profitability for new markets and business opportunity development through the use of insurance captives and is based in Charlotte, North Carolina.   7 May 2020
Actuarial & underwriting
The cyber insurance market should be worth between $60 billion and $100 billion, and parametric insurance is the key to getting it there, according to John Donald, a special cyber advisor at AXIS.   7 May 2020
Actuarial & underwriting
The legal US cannabis industry would pay about $1 billion in annual premiums if it was insured to levels that are normal for other businesses, according to research conducted by New Dawn Risk Group (NDR).   5 May 2020
Actuarial & underwriting
Beazley has expanded its mergers & acquisitions (M&A) team with the appointment of five new underwriters.   30 April 2020
Actuarial & underwriting
Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for shipowners called CyNav.   28 April 2020
Actuarial & underwriting
The concept and understanding of captive insurance in Latin America and the Caribbean has been evolving over the past few years, and the adoption of captives among organisations in the region has progressed considerably, say Marsh’s Maria Escobar and Alejandro Santos.   27 April 2020
Actuarial & underwriting
Marsh JLT Specialty has made two hires and two promotions to fill new roles in its renewable energy team.   27 April 2020

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