“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.
Extreme weather has had a significant impact on claims and the insurance industry in recent years. Robbie Arnold explains what insurers — and policyholders — can do to handle it.
Jeff Huebner of CSAA and Zach Knight of Blue Forest offer their views on how we can manage our forests differently and perhaps better mitigate wildfire risk in the process.
With global insured losses from natural disasters hitting $108 billion in 2023, Swiss Re emphasizes the urgent need for adaptation measures and climate risk mitigation.
For the savvy risk professional, the one charged with great power to protect construction workers and the bottom line, becoming a mitigation hero is more than a necessity — it’s a responsibility.
To foster better collaboration and transparency, the Catastrophe Resiliency Council proposes an Open Industry Exposure Database for climate risk research.
One of the core skills required for a business continuity and disaster recovery professional is the ability to conduct comprehensive business impact analyses (BIAs). This involves a meticulous review of critical business functions and operations that analyzes dependencies across vendors, facilities, personnel and technology infrastructure.
Skilled nursing homes and assisted living operators in states like Florida are masterful improvisers, but an uptick in newcomers will require these professional caregivers to leverage the power of community more than ever before.
Capturing the necessary geospatial intelligence to make informed underwriting and claims management decisions is a practice insurance executives would do well to keep their eyes on.
If the pandemic taught insurance anything, it’s that a unified and government-backed catastrophic peril coverage form might be the future for stability within the markets.