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Ransomware Threats, Countermeasures and Trends within the Insurance Industry

The paper provides a view for re(insurance) organisations on the risks associated with ransomware, providing insights specific to the insurance industry. The paper discusses ransomware trends, regulatory developments and the threat profile for insurers, it [...]

2023-03-17T09:25:07+00:00March 17th, 2023|

Emerging Risk Initiative – Major Trends and Emerging Risk Radar – 2021 Update

The CRO Forum’s Emerging Risk Initiative continually scans the horizon to identify and communicate emerging risks facing the insurance industry. The Emerging Risk Initiative identified the current major trends and emerging risks which are expected [...]

2022-08-04T11:45:05+00:00June 30th, 2021|

Insurance industry urges EU Commissioner Barnier to correct Solvency II implementing measures

In this press release, Representatives of the European insurance industry have urged the European Commissioner for the Internal Market and Services, Michel Barnier, to ensure that the overly conservative and prescriptive elements still contained in the draft implementing measures for the forthcoming EU regulatory regime, Solvency II, are urgently addressed.

2011-04-04T11:54:57+00:00April 4th, 2011|

Press release on Solvency II

The Forum strongly believes the directive represents an important step toward implementing an advanced supervisory and solvency framework which will help strengthen the European insurance industry. The Forum now urges the European Commission to introduce clear and effective implementing measures that will deliver the directive's basic principles.

2009-06-11T07:12:53+00:00June 11th, 2009|

Terrorism – A unique challenge for the insurance industry

As recent terrorist activities in major cities - notably, the 11 September 2001 attacks in the United States - have made strikingly clear, terrorism has developed into a threat that affects every aspect of society and knows no national boundaries. Although there is no internationally binding defi nition of terrorism, some aspects can be agreed on: it seeks to cause human suffering, to instil widespread fear, and to disrupt life and business. The insurance industry has responded to this evolving hazard, and is doing all in its power to manage the terrorism risk.

2017-05-10T20:05:29+00:00November 27th, 2007|
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