INSURERS OFFER LONGEVITY HEDGES TO DE-RISK PLANS

MANAGEMENT | PENSIONS
As people live longer, many companies are discovering that they have to pay pension benefits to retirees for longer than they had expected. Insurance companies are stepping in with new products that can help take this “longevity risk” out of corporate defined-benefit pension plans.

Local Terrorism Coverage Beats Global

Although there have been no attacks or payouts in the 12 years since its original passage, the Terrorism Risk Insurance Act in the US is set for renewal again, despite the fact that it was only intended as a temporary measure to protect the commercial insurance market and its customers following the attack on the Twin Towers.

P&C Insurance: A Buyer’s Market

RISK MANAGEMENT   By Paula Green   Premiums for most insurable company risks have come down in price, but organizations will need to ensure that they have sufficient coverage and limits to deal with an increasing range of issues—including changes ...

Risk Management: Cyberrisk Insurance

CYBER SAVOIR FAIRE By Paula L. Green Regulation is still struggling to keep up with rapidly evolving cyberrisks but is already driving uptake of cyberrisk insurance in some markets. Companies are taking note of the changing landscape. Spooked by the ...

Risk Management: Insuring Trade Credit

A CONVERSATION STARTER   By Paula L. Green   Trade credit insurance is making it easier for companies to interact with their suppliers around the world, and usage is soaring as global corporations recognize the risk-mitigating benefits.   For L’Oreal ...

Beale Takes Helm At Lloyd’s

NEWSMAKERS By Gilly Wright One of the world’s oldest insurance markets, Lloyd’s of London, has appointed the first female CEO in its 325-year history. But as the London market confronts one of the most challenging periods in its development, new ...

Supply Chain: Rising Tides Of Risk

RISK MANAGEMENT   By Andrew Osterland   As companies expand their supply chains globally, the hazards they face—from extreme weather events to political upheavals—expand too. Managing such risks comprehensively beats rolling the dice.   The lure of fast-growing markets and ...