WATCH: Captives and their evolving place in a hard-market
Captives, their regulatory concerns and the efficacy of reinsurance programs in supporting them is the order of the day in this episode of 'In conversation with Axco'. David Hully of RISCS talks to us about regulatory challenges, how captives can support the SME and Mid-Corp market and what the hard market could look like over the next 24-36 months.
WATCH: How parametric is changing the insurance industry
From connected cows and hurricane-affected credit loans to cyber protection and more traditional classes, parametric is providing new ways of covering gaps, bringing additional capacity and providing solutions to customers worldwide. Laurent Sabatie of Skyline Partners talks to us about regulatory challenges, Skyline’s diverse product suite, underwriting capacity with industry partners and the use of technology that helps administer risk transfer at a large scale.
WATCH - Changing Risk Landscape: The Outlook
The volatile socio-political environment has thrown the trade credit and political risk market into the limelight again as corporate risk and insurance managers work out how to protect their companies in times of political unrest, further supply chain disruption and the growing cyber risk as we all have a greater reliance on technology. We consider whether these risks are insurable and how they can be incorporated into a global programme.
Supporting employees in times of conflict
A client recently asked Axco if we knew how they could help support their employees in Ukraine. Through ideas and observations gathered from local insights and multinational corporations, with active initiatives in both Ukraine and Russia, we at Axco are in a privileged position to collate practical solutions based on our global knowledge. These will, hopefully, be able to help those in conflict zones and contribute some respite to local employees in the face of war’s brutal outcomes.
Insurance Regulation Changes- Jan 2022
Staying on top of changes to insurance regulation is made easy with Axco's Regulatory Alerts product. Our team of dedicated, specialised researchers inform you of the most impactful changes in the market including notices of draft and proposed legislation. Recent alerts from global markets include:
Illuminating the dark world of ransomware
With a marked increase in ransomware incidents in 2021, what are the problems encountered at the governmental and intergovernmental levels that perpetuate the proliferation of ransomware and what role can insurance play in societal efforts to control this fast-developing corporate risk area?
Paternity leave facing global focus
With recent emergency COVID measures largely coming to an end in 2021, paternity leave is perhaps set to overtake the pandemic as the liveliest aspect of the international employee benefits scene.
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Insurance Regulation Changes
Keeping up to date with changing requirements across jurisdictions and understanding how these changes might impact your business is made easier with Axco’s Regulatory Alerts service. Our in-house team of insurance experts evaluate information sources, assess the changes, and publish easy-to-understand analyses. Recent changes to highlight from Regulatory Alerts Premier include ...
A Constitutional Storm Clouds Tunisia's Forecast
In January, Axco's GRID team warned of the precarious path ahead for Tunisian democracy as it sought to weather the storm of COVID-19 and longer-term socioeconomic disparities. Now, that path appears to have reached a cliff edge.
Gangsters’ Paradise: The Rise and Rise of Ransomware
In 2020, reports of Ransomware increased by 485%, according to a report by cyber-security firm Bitlocker. Not only are these attacks becoming more frequent, but they are also becoming more sophisticated. A proliferation of off-the-shelf tools and franchise arrangements allows even less tech-savvy data thieves a route into the market. Is insurance the answer?
Carry on Shipping: Maritime Chokepoints after the Ever Given
The Ever Given has been freed, but what are the risks that maritime chokepoints have to the marine industry
Global carriers reconsider appetite for Middle East risks in light of Covid
Insurers in the UAE, Saudi Arabia and Israel face increase in business interruption losses as well as premium taxes, as governments seek to replenish finances dented by coronavirus.
Liberalisation of motor insurance rating in China
At the end of 2019, there were 179 active insurance companies in China, of which 89 were non-life and 90 were life, health and pensions. Within the non-life category, 67 were domestic and 22 were foreign-invested (with at least 25% foreign shareholding).