contingent business interruption


Parametric triggers can expand the limits of insurability: Swiss Re

Parametric triggers, coupled with increasingly granular data and technology, can "expand the limits of insurability" according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI).Innovation continues to deliver on new ways to mitigate risks, Swiss Re said in a recent report.These innovations are enabling better management read the full article →

Scope for re/insurance, cat bonds & ILS to tackle key business risks

As 2015 gets underway organisations continue to view business interruption (BI) and supply chain risk as the main threat to operations, with the impact of natural catastrophes and fire/explosion risks following, according to a recent Allianz report.Germany-based international insurance and reinsurance provider Allianz, recently published its fourth annual Allianz Risk read the full article →

The hurricane Sandy business interruption conundrum

The issue of business interruption and contingent business interruption insurance losses is becoming a major conundrum when it comes to estimating the total insured loss caused by hurricane and post-tropical storm Sandy. Business interruption claims can take weeks to develop, longer to be reported and quantifying the actual exposure is read the full article →

AIR expands risk modeling suite to include supply chain risk quantification

AIR Worldwide has announced that they have expanded their suite of Catastrophe Risk Engineering (CRE) solutions to add the ability to better quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks. Supply chain business interruption is a huge insurance risk which was highlighted read the full article →

Reinsurers need to work with risk managers on catastrophe risks

The president of the Federation of European Risk Management Associations (FERMA), Peter den Dekker, has called on reinsurers to work with their ultimate customers, corporate insurance buyers, to develop solutions for natural catastrophe risks. Speaking at the opening of the 2011 FERMA Risk Management Forum, den Dekker implied that the read the full article →