Tag Archives: transportation

European transportation industries are uniquely vulnerable to political volatility

The rise of populism on the European continent presents new geopolitical risks for corporates in the transportation industry whose businesses rely on the free movement of people and goods between member countries. Transportation Risk Index Overview/ strategic opportunity of risk … Continue reading →

Asian transportation execs fear cyber risk most

Transportation executives in Asia believe that their companies’ primary business threats are emerging from cyberspace, according to the 2016 Willis Towers Watson Transportation Risk Index. The Index’s consolidated findings – taken from land, sea and air transportation companies – showed … Continue reading →

Is it a bird? Is it a plane? No, it’s a 1,000kmph magnetically levitating pod in an airless tube

In 2013, Tesla and SpaceX CEO Elon Musk published a paper, ‘Hyperloop Alpha.’ His intention? Just to create “a new open-source form of transportation that could revolutionise travel.” Citing his inspiration for this revolution, Musk referred to California’s divisive high-speed … Continue reading →

Cyber risk in the transportation sector – an evolving threat

Recent system outages at major U.S. airlines have caused significant business interruption and highlighted the growing risks of cyber threats to business operations.  But it’s not just airlines that are under threat. According to the 2016 Willis Towers Watson Transportation … Continue reading →

Drones: Safety Considerations and Potential Liability Concerns

drone

The proliferation of drones and the ever-increasing role they play in commercial endeavors has left governments, commercial aviation, insurance carriers and the general public scrambling for guidance on legal requirements and rights/responsibilities. Continue reading →

An Inflection Point for UK Motor-Related Injury Claims?

Since their implementation in 2005, Periodical Payment Orders (PPOs)—which allow the majority of a claim to be paid to individuals in installments rather than purely as a lump sum, often for the duration of the claimant’s life—have become increasingly common … Continue reading →

Shipping Week Attendees Told to Expect More Trade Volatility

Delegates at the myriad events that comprised London International Shipping Week (LISW) this year were warned to expect more trade volatility and a continuously shifting commercial seascape as global economics shift and new technologies make their presence felt. Continue reading →

Maritime Piracy Increases in Southeast Asia; Improves Off of Africa

night vision ship

Most ship owners have benefited from reduced insurance premiums due to the gradual reduction in global marine piracy in the past few years, but a recent uptick of serious threats in Southeast Asia could prompt a reversal of those fortunes. … Continue reading →

Large Ship Losses Continue to Trend Lower, But Emerging Risks Are Over the Horizon

ship-gold

The decade-long trend of fewer large ship losses continued during 2014 according to “Safety and Shipping Review 2015” recently released by Allianz Global Corporate & Specialty (AGCS). This correlates pretty closely with our observation that losses caused by mechanical failure … Continue reading →

Marketplace Realities 2015 – Spring Update

commercial rate predictions 2015

The trend remains positive for insurance buyers, as softening conditions accelerate in 2015. Line-by-line details are available in our spring update to Marketplace Realities 2015,the long-running series featuring insights from Willis North America experts. But here’s an overview of where … Continue reading →