Emerging risks
‘Emerging risks’ sounds ominous to any sector except re/insurance. With a mindset geared to opportunity and a willingness to draw on external expertise, re/insurers have a unique attitude to the as yet unknown variables of new technologies, trends and events. Nevertheless, the search for the right data is the ultimate determiner of progress.
How to define an emerging risk: Swiss Re’s Raaflaub
Identified sufficiently early, an emerging risk can be more of an opportunity and less of a threat, Swiss Re’s chief risk officer, Patrick Raaflaub, says
Emerging casualty catastrophe risks challenge risk modellers
Often regarded as ‘black swan’ events, casualty catastrophes are a major threat to re/insurers. But modelling emerging liability risks presents significant difficulties for carriers, given their unpredictability and lack of data
Can we insure every link in the supply chain?
Insurers can do a lot to promote the resilience of supply chains, but they will remain complicated and vulnerable in a globalised market
The evolving carbon insurance market explored
Parametric insurance products, combined with blockchain and artificial intelligence, enable insurers to assess the risk associated with the voluntary carbon market and adjust carbon credit insurance pricing more accurately
Serial defect claims in offshore wind projects will challenge insurers
New technologies and the increasing scale of renewable energy projects will help the energy transition, but will also present a significant risk for the industry
Flight to quality: cyber risks in aviation
The CrowdStrike incident serves as a stark reminder not all cyber or technology loss events are deliberate attacks
Arctic Council overcomes challenge of suspended collaboration with Russia
Norway’s chairship of the Arctic Council navigates geopolitics to address environmental issues
Arctic Council ‘virtually meaningless without Russia’: LMA's Roberts
The head of marine and aviation at Lloyd’s Market Association describes the insurance sector’s view of a changing Arctic
Cold comfort: treaty envisaged to protect Arctic Ocean biodiversity
Polar explorer and conservationist Pen Hadow explains why marine re/insurers and P&I clubs need to align their advisory services and business strategies, respectively, with the prevention of risks to biodiversity in the Arctic Ocean
Deep thoughts: why deep-sea mining poses more questions than it answers
Romie Goedicke, co-lead for nature at the UNEP FI, outlines the concerns surrounding deep-sea mining and the potential risks for re/insurers
Unintended consequences: could solar radiation management create new climate risks?
Solar radiation management has the potential to create unexpected losses
Defining ‘unprecedented’ in the world of political violence
Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events
How to lose the debate on climate change
Global warming is not a belief nor a point of view, but a threat. However, climate activists who endorse criminal activity are on a hiding to nothing
Sheltered from the storm: insurance and the macroeconomy
Although insurers have struggled with inflation, the sector is resilient to economic downturns
The juncture between product and environment
As the concept of environmental liability widens, so too does the scope of coverage
Spyware-on-sea: how insurers can protect maritime infrastructure
Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies
The future reality of artificial intelligence
AI as an emerging threat has the potential to form its own insurance product, but also to reshape elements of existing products
The facts and myths about Arctic shipping
Former president of The Nautical Institute, Duke Snider, warns that a 'good ice year does not mean ice free'
Where geography, politics and law meet in the Arctic Ocean
Philip Steinberg outlines why a grasp of how a nation extends its continental shelf is important to understanding political conflict in the Arctic Ocean
The next Gold Rush? Why deep-sea mining sparks controversy
Technology and regulation race against – not with – each other, as companies and nations seek to harvest the world’s abyssal plains
Gearing up for the Atlantic hurricane debate at RVS Monte Carlo
It is generally accepted in hurricane science there will be no increase in the number of tropical cyclones as a result of sea water warming, but they will be stronger and more destructive
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