Risk & Insurance Magazine (2/5/2019)
The insurer AXA has been surveying risk professionals for five years on their key emerging risks. Climate change has always ranked high. But this year’s survey produced a stunning result: Of the 1,235 risk professionals, including 1,060 AXA employees all over the globe who answered the survey, the percentage of respondents pointing to climate change as their key concern rocketed up from 39 percent to 63 percent.

Compelo (2/5/2019)
The cyber risk landscape is constantly changing, and cyber insurance providers are having to adapt their policy offerings to ensure that cover keeps pace with ever-growing threats. A lack of cyber insurance could be financially devastating for a business, but according to the UK government’s Cyber Security Breaches Survey 2018, less than one in ten businesses have a cyber insurance policy.

CPO Magazine (1/31/2019)
Given the growing prevalence of data breaches, cyber attacks and network security failures, it's perhaps no surprise that businesses of all sizes are exploring their options when it comes to cyber insurance coverage. But are these policies really going to cover them in the event of real cyber attacks? Evidence is building that many of these cyber insurance policies might be close to worthless, as insurance companies look for any excuse possible to avoid paying out the full amount of a claim.

Canadian Underwriter (2/4/2019)
The past few years have created a perfect storm leading to an increase in commercial insurance rates, Signature Risk Partners Inc. says in a white paper released last week, entitled Hard Commercial Insurance Market on the Way. One factor is that global catastrophe losses hit US$160 billion in 2018, according to Munich Re. Out of this total, US$80 billion were insured losses.

Insurance Journal (2/4/2019)
As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million consumers and $57.6 billion in spending each year and these numbers are predicted to continue to rise.

Brookings Institution (1/31/2019)
Artificial intelligence (AI) technology has transformed the consumer financial services market and how consumers interact with the financial services ecosystem. This paradigm shift has been driven by the accelerated maturation of the algorithms; the historic level of investment flooding the financial services market; the competition for market share between incumbents and new entrants; and rapid changes in consumers' preferences for digital financial products.

The New York Times (2/6/2019)
Depending on whom you ask, they're a scourge, invading the streets of decent cities around the country, or they’re a transportation revolution removing the "last mile" hurdle to using public transit and taking polluting cars off the road. E-scooters have caused rage in San Francisco (which only recently allowed them back on the roads) and a legal tiff in Santa Monica. Now they’re set to hit the streets of Sacramento.

Politico (2/3/2019)
Companies are starting to sell "risk scores" to doctors, insurers and hospitals to identify patients at risk of opioid addiction or overdose, without patient consent and with little regulation of the kinds of personal information used to create the scores.

Insurance Journal (2/1/2019)
ESPN ran an in-depth report recently about insurers being unwilling to cover the National Football League (NFL) for general liability and workers' compensation due to concerns over player concussions and traumatic brain injuries. According to the ESPN report, Pop Warner and other youth football leagues are also having trouble finding insurance.

Gain insight from our webinar, Advancing the Dialogue Around Race for the Insurance Industry. Using the Marsh/NAAIA study, The Journey of the African-American Insurance Professional as a platform, panelists will address how dialogue around race often creates its own discomfort and anxiety for leaders and organizations due to the delicate nature of the topic and the fear of getting it wrong. This webinar examines how companies across the insurance industry spectrum can come together to address the challenges and opportunities for African-American professionals and other underrepresented groups, while providing a safe space to become more fluent in this topic. Now available on-demand for free this month for everyone.

Hear Chris Wieczorek, Vice President of International Codes and Standards at FM Global discuss the risk management issues you may encounter when taking on a project in another country. He will explain the differences between building codes and safety codes. You will also hear him address how some countries with less westernized risk management practices may have weaker codes and standards, how natural disasters that happen within a 7-12 year span can impact revisions and the most effective ways risk managers can enforce their practices in countries with weaker building codes.