Big Data

FICO Launch Cyber Security Risk Modelling Tools for Underwriters

Silicon Valley analytics firm FICO today announced that the FICO® Enterprise Security Score is the first cyber security rating to include powerful risk assessment and modelling capabilities to help insurers make better underwriting, pricing and portfolio decisions, and […]

Business

Management Buy-Out at ProAktive Risk Group

A Yorkshire insurance and risk management consultancy has undergone a £2.0million management buy-out backed by debt funding from Mercia Fund Managers. ProAktive Risk Group, which is based in Doncaster and has an office in Sheffield, is […]

Global insurance trends

Aon Sets Up Biggest Ever Catastrophe Insurance Bond

Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has assisted the World Bank in structuring the largest ever catastrophe bond covering earthquake, providing the organisation with USD1.36 billion […]

Emerging Risk

Willis Towers Watson Appoints Tim Rees to Cyber Risk Role

Leading global advisory, broking and solutions company, Willis Towers Watson (NASDAQ:WLTW), today announced the appointment of Tim Rees as Client Engagement and Strategy Leader for the UK Cyber Risk Solutions business. Based in London and […]

Business

ECIC Warning on Carillion Debts to Smaller Suppliers

ECIC, the specialist insurer for the mid-size construction and associated trades is warning regional brokers that many of their customers could be facing financial difficulties and possibly failure as part of the fall-out from the […]

Business

GRP Celebrates Success in 2017, Continues on Acquisition Trail

Global Risk Partners Ltd (GRP), the specialist vehicle for acquiring brokers and MGAs, has joined the list of the top 20 largest brokers in the UK, following a stream of acquisitions in 2017. The brokers […]

Emerging Risk

Changing Face of Product Recall Risks Analyzed by Allianz

Product-related risk is one of the biggest perils facing businesses today, with recall exposures having increased significantly over the past decade, bringing the potential for larger and more complex losses than ever before, warns insurer […]