Keyword
financial impact
Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns
May 2, 2017 Greg Meckbach, Associate EditorInsurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”…
Global organizations spending almost four times more budget on property-related risks than cyber risks: Aon/Ponemon report
April 25, 2017 by Canadian UnderwriterGlobal organizations are spending nearly four times more budget on property-related risks than cyber risks, according to a report released on Tuesday by the Ponemon Institute and sponsored by Aon plc. The 2017 Cyber Risk Transfer Comparison Global Report also…
Two-thirds of U.K. polled firms not assessing financial impact of a cyber attack: Marsh
September 19, 2016 by Canadian UnderwriterAlmost two-thirds of surveyed large and medium-sized organizations in the United Kingdom do not conduct or estimate the financial impact of a cyber attack, notes a new report issued Monday by Marsh. Despite a 56% rise in boardroom ownership of…
Only about 4% of Lloyd’s total business considered at risk from Brexit: Aon Benfield
August 18, 2016 by Canadian UnderwriterOnly about 4% of Lloyd’s total business is considered to be at risk from the potential loss of membership of the single European market, following the United Kingdom’s decision to leave the European Union (EU) in June, according to Aon…