Category Archives: Insurance and Risk Management

Beware of the relentless spread of personal accountability across borders

Man sitting in the window seat of an airplane looking at a laptop

The acronym FSB probably conjures up for you the Federal Security Service of the Russian Federation, but it also stands for the less well known Financial Stability Board. This is a body established to coordinate at an international level, the … Continue reading →

Doors-off helicopter tours: Four things every operator should think about

Pilot standing in front of an open helicopter door while another man faces a woman who is climbing out of the helicopter

Do it for the ‘gram. That’s the world’s mantra these days: living for the Instagram photo instead of the experience itself. But now that pictures are seemingly worth a thousand likes, how far will people go to capture that double-tap-worthy … Continue reading →

GDPR requirements for breach notification: Are you prepared?

Man in a dress shirt and tie looking at a computer monitor in a darkened office with colleague working behind him

Just how are companies responding to Article 33 of the Global Data Protection Regulation (GDPR), requiring 72-hour notice of a data breach to EU supervisory authorities? And how are the EU data protection authorities viewing compliance? “The loss of personal … Continue reading →

In light of regulatory, tax changes, will Bermuda continue to be attractive to reinsurers?

Photo of St. George's Bermuda Town Hall

Long-term insurers have been attracted to Bermuda for its flexible regulatory environment, which gained Solvency II equivalence in 2016, potentially lower capital requirements and operating costs. But recent and impending regulatory changes have sparked concern among U.S. life and annuity … Continue reading →

The truth about workers’ compensation mega claims: Four key takeaways from our recent large loss study

Woman doctor wearing a lab coat and stethoscope holding a clip board while having a discussion with a man in a dress shirt

One of the most significant concerns for workers’ compensation insurance underwriters is a potential surge in claim costs stemming from the increased use of advanced medical technology. As treatments become more complex, more effective and more expensive, there is concern … Continue reading →

Serious Fraud Office victory in long arm jurisdiction case

male colleague looking towards a female colleague having a discussion

A lot of press attention has been directed to the recent defeat of the Serious Fraud Office (SFO) in the Court of Appeal in its attempt to prevent a company under investigation from relying on litigation privilege to withhold documents. … Continue reading →

Do D&O insurance policies cover claims for ‘damages’ brought by insolvency practitioners?

A judge talking to two lawyers in the hall of a marble building

With D&O policies becoming longer and more complex, an increase in claims activity and signs that the market may be hardening, the need to focus on the important stuff has never been greater. I have often blogged before about the … Continue reading →

Highlights from the 2018 ACORD Insurance Innovation Challenge (Semifinals)

Group of men and women who took part in the 2018 ACORD Insurance Innovation Challenge

This year’s ACORD InsurTech Innovation Challenge revealed that InsurTech companies are identifying efficiencies in the insurance industry through a variety of different methods. Both the sharing economy and artificial intelligence (AI) are predicted to become more important over the coming … Continue reading →

Looking to succeed in credit markets? Diversity and a long time horizon can be your best friends

Close up of a hand using a stylus pen on a touch screen depicting a line graph with steep declines and inclines

Ever since the global financial crisis, we’ve found investors have been slow to diversify their fixed income portfolios, and for good reason: Mainstream corporate credit (including investment grade and high yield), have performed incredibly well, supported by declining interest rates, … Continue reading →

How risk appetite frameworks can be more than ‘tick-box’ exercises

Woman in a suite writing on a white board while a man in a suit and tie is reading the board

When we talk to board members of insurance companies, we often hear that risk appetite frameworks are too far removed from the day-to-day reality of conducting business and their only purpose is to satisfy regulatory or rating-agency requirements. But if … Continue reading →