Ukraine War 2022

Companies around the world are accelerating their commitments to net-zero emissions by 2050. While the construction sector is playing its part by switching to sustainable energy and adopting modern building methods, the move towards carbon neutrality will likely see a significant shift in the risk landscape, and the need for greater collaboration within the insurance industry to help underwrite new risks.

Geopolitical risk is firmly back on the agenda for insurers.

Bryan Sanders offers his thoughts on growth in the E&S market, the impact of social inflation and economic inflation, war in Europe and cyber risk.

Adrien Robinson joins Meg Green to discuss climate change, systemic cyber risk and the pace of technological change - and the impact of all three on the insurance world.

Danielle Librizzi talks to Meg Green about the cyber insurance market today, lessons learned from the situation in Ukraine, and the impact of globalization.

John Scott, Head of Sustainability Risks at Zurich Insurance Group, is an experienced chief risk officer whose focus now is on bringing risk management thinking to ESG issues, especially climate change. Here he talks about the evolution of risk data and the role of regulation in shaping the industry’s approach.

Insurance asset owners are hopeful that challenges like rising inflation and political instability will not lead to a deep recession in 2023.

Inflation, geopolitical turmoil, and a possible looming recession have brought new challenges and opportunities to the credit risk market. Joining Meg Green to discuss the market is Fiona Walden, SVP and global head of credit at RenaissanceRe.

As the world faces an onslaught of perils – from potential food and energy crises to inflation and political instability – much of the blame is being traced back to Ukraine.

Improved airplane safety, COVID and the Ukraine war are among the changes the aviation insurance industry has seen, said Terry Wood, head of AXIS Aviation for AXIS.

Insurers are scrutinizing their books to see how the far-reaching implications of Russia's invasion of Ukraine and an uptick in civil and political unrest around the world may impact their business.

Lloyd's is expecting claims from the Ukraine/Russia war to be an earnings event, not a capital event, said Hank Watkins, regional director of the Americas for Lloyd’s. He spoke with Insider Engage at the RIMS conference in San Francisco.

Property damage, forced abandonment, currency and convertibility are among the political risk coverages potentially exposed, said Laura Burns, SVP, US Political Risks, America, WTW said during an interview with Insider Engage at RIMS in San Francisco.

Insurers must always lift their eyes towards the horizon and scan it carefully for emerging risks. The events of the last two years have reminded every insurer of the need to pay careful attention to the future -- pandemics, the impact of climate change, automation, technology and artificial intelligence, and now war in Europe -- all hold potentially devastating implications for insurers.

As Russia’s invasion of Ukraine intensifies, the international conflict is disrupting global energy supply chains since Russia is one of the world’s largest oil exporters.

As Russia’s invasion of Ukraine intensifies, companies in the US, EU, and other regions are facing increasing stakeholder pressure to restrict services and product sales in Russia. In response, a growing number of corporations have taken measures to halt business there. Global corporate action on the Russia-Ukraine conflict underscores the growing role consumers are playing in international policy.

"We've never seen the potential for a cyber disaster like today," said William Altman, principal cybersecurity consultant at CyberCube.