News
article
Airmic, the UK association for risk and insurance professionals, has unveiled a major three-day virtual festival in September for risk and insurance professionals and the wider risk and insurance community. 14 May 2020
Actuarial & underwriting
CorRisk Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team. 14 May 2020
Actuarial & underwriting
What qualifies as insurance? Risk transfer and risk distribution are usually cited as key factors, but what if a policy passes this two-part test, before failing the ‘rule of indemnity’ test, asks Greg Lang of the Reinsurance and Insurance Network. 14 May 2020
Accounting & tax analysis
The Tennessee Captive Insurance Association (TCIA) will write a letter to the Internal Revenue Service (IRS) regarding IRS Letter 6336, it has confirmed. 13 May 2020
Actuarial & underwriting
Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA). 13 May 2020
Cayman analysis
Lesley Thompson has been named as leader of Willis Towers Watson’s Cayman office. 13 May 2020
Analysis
The insurance industry must adopt a more responsible and business-sensitive approach to the COVID-19 pandemic, or it risks undermining the trust and loyalty of customers. 12 May 2020
Accounting & tax analysis
Global average commercial insurance prices increased 14 percent in Q1 2020, according to the Global Insurance Market Index, released by Marsh. 12 May 2020
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
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
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