Tag Archives: transportation

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 →

What Risks Will Emerge in 2015?

storm light house

Our list of emerging risks for 2015 covers the kind of perils that keep risk managers up at night: cyber risk, oil price volatility, the changing demands of today’s workforce, the over-confidence corporations have in the ability of their entity … Continue reading →

Why We Were All Wrong About the Airline Marketplace. Again.

aviation underwriters

I’ll admit it. I was among those predicting serious insurance rate increases for airlines following the terrible and very public disasters in the skies this past year. But here we are in Q4, the crucial season for airline insurance renewals, … Continue reading →

Emerging Threats to Airports, Aircraft and Staff

airport explosion

For corporate travellers, expatriates, airlines and ground facility providers, an upsurge in internal conflict and the proliferation of terrorism are driving threats specific to airports which heighten risks to people and assets both in the air and on the ground. Continue reading →

The Divided Airline Insurance Marketplace

Aviation insurance mktplace

When tragic airline losses filled our screens this past year, the airline insurance marketplace was braced for some heavy turbulence and an end to what’s been a long soft market. Many of us have been surprised by what’s transpired. Rates … Continue reading →

Scariest Risks of 2014

Scariest risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … Continue reading →

The Future of Air Travel: Two Stories of Where and How

airplane landing

Predicting the growth of commercial passenger air travel is a tale of two skies: one over the developing world, the other over the developed. Developing World: Strong Growth In the developing world, air travel is taking off , literally and … Continue reading →

New Eyes in the Skies – and New Risks to Manage

Odd, white, windowless airplanes. Small, spider-like camera carriers. The drones, of course, are here now, much debated as weapons of war and under development as a package delivery method by at least one of the world’s largest online retailers. Continue reading →