New Opportunities for Transport & Logistics Supply Chains Insurance
The Lloyd’s report examined the semiconductor sector’s risk challenges and aimed to spark product innovation through outlining the opportunities to develop new supply chain
Business Interruption Insurance
Business Interruption Insurance protects businesses from financial losses during unexpected disruptions. Unlike traditional property insurance, which covers physical damage, this policy focuses on compensating for lost income and operational expenses during shutdowns caused by covered events such as fires, natural disasters, or other significant incidents. It helps businesses recover by covering expenses like rent, employee wages, and loan repayments.
Many policies also offer coverage for additional expenses incurred to restore business operations, such as relocating to a temporary location. Business interruption insurance is crucial for maintaining cash flow, protecting against potential bankruptcy, and ensuring business continuity during difficult periods.
Given its importance, many businesses, particularly small to medium enterprises, consider it a vital part of their risk management strategies. Regular reviews of coverage limits and exclusions are essential to ensure the policy meets the evolving needs of the business.
10 Most Important Global Business Risks for 2024. Allianz Risk Barometer
Allianz Risk Barometer incorporates the views of 2,712 respondents from 94 countries and territories. Elevated levels of disruption to continue as dangers
Global Sports Insurance Market Outlook: $600 bn by 2025
The global expansion of the professional sport industry combined with the varying type of its insurance needs, has resulted in the exponential growth of the sports insurance
How Can Insurance Companies Manage Foreign Exchange (FX) Risks?
Amongst the growing number of challenges facing insurers is the important – yet often overlooked – consideration of foreign exchange (FX) risk management
Business Interruption Insurance – Financial Help & Coverage for Tough Times
Business interruption insurance is designed to replace a source of business revenue that’s suddenly reduced or eliminated by certain disruptive events
Cyber Insurance Today. Most Effective Insurance Solutions for Cyber Risk
Cyber insurance remains a relatively immature although still-growing market in most industrialised countries. Insurance solutions by Lloyd`s
California’s Insurance Market: The Case for Risk-Based Pricing and Data-Driven Mitigatio. California’s insurance availability/affordability challenges
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers
Lightning causes significant fire risk to small and medium-sized enterprises (SMEs), resulting in annual damages of several billion dollars