COVID-19 has forced many people to work from home. In many ways, this has reduced some risks - for example fewer people will be a victim of theft or burglary, and household damage such as burst pipes and leaking appliances will be reduced, which can hold the highest cost to home insurers.

In recent years, awareness of climate risks has risen, with numerous studies illustrating the detrimental impacts of climate change on the natural environment and human society.

It seems that just about everybody under 35 has a side hustle nowadays, and many over 40 do too.

The Demex Group, an insurtech focused on climate resilience, has announced that it has raised $4.2 million in seed funding from investors Anthemis and IA Capital Group.

As the COVID-19 pandemic amplifies the acceleration of digital business models, Lloyd’s has expressed concern that intangible assets might become a major blind spot for businesses not factoring them into their risk models.

The cost of claims has been at the heart of Total Cost of Risk (TCOR) since even before the inception of risk management as a separate function. The sheer magnitude of losses, insurable or not, defines so much of what risk managers focus on and tends to be what they report on most often, as well.

Biases fall into two general categories: our biases and the biases of others. Biases in our actions or perception tend to occur unconsciously. It is interesting to note that people tend to believe that their own perceptions reflect reality, and if others tend to see things differently (disagree with our position or thinking), then they must be biased.

Global property & casualty insurer Chubb recently conducted a survey of American workers to see how they’re faring while working remotely due to the COVID-19 pandemic.

Flood disruptions could cause a business’s stock to drop significantly over the succeeding 12 months, reflecting investors’ shaken confidence in the company’s managerial decision-making, according to a new study commissioned by FM Global.

When a natural catastrophe strikes, the physical and economic damage to a community is undeniable. Roads flood, businesses face prolonged closures and insurance gets called in to help cover losses.

Disasters come in all shapes and sizes and are indiscriminate in those they catch up in their chaos. As such, when it comes to disaster planning, it’s essential to account for linguistic diversity.

A hostile takeover of Canadian claims software vendor Symbility’s corporate parent could be in the works. CoreLogic Inc. announced last week its board of directors is rejecting a takeover offer from Senator Investment Group LP and Cannae Holdings Inc., which own about 15% of CoreLogic stock.

Change is coming, and years of architect experience in the design of commercial office space, restaurants, and schools are going to be tested by the advent of COVID-19.

Researchers from Cass Business School suggest that Covid-19 will act as a catalyst for the industry-wide adoption of new digital initiatives in the insurance industry. They also suggest that the pandemic has uncovered the value to firms of having a Chief Risk Officer (CRO) to navigate strategy and identify opportunities.

Although some say COVID-19 is a black swan event, it really is not. Pandemics have occurred in the recent as well as the remote past.