Damian Glynn - Sedgwick
COVID-19 has raised some tricky questions about business interruption cover around the world and cyber-related issues continue to present complicated challenges. We can afford to focus on those concerns because we already have the basic BI cover sorted out. Or do we?
In 2017, RIMS issued a report that summarised the findings of a business interruption survey. The report offered a snapshot of the scope of BI cover and the level of confidence that risk managers had in their insurance programmes. Unfortunately, the results suggested that the scope of cover for many businesses was inadequate and the overall level of confidence in programmes was low.
Insurance Age
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The Chartered Insurance Institute (CII) has created a President’s Forum to explore customer needs that are not currently being fully met by the insurance profession.
The forum will be chaired by current president of the CII, Julie Page, CEO of Aon UK.
The forum also includes Anthony Baldwin, CEO AIG UK and current president of the Insurance Institute of London, Sian Fisher, CEO of the CII, Peter Blanc, deputy president of the CII and Group CEO of Aston Lark, Julian Enoizi, deputy president of
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AM Best to Present Reinsurance Industry Insights at Insurance Institute of London Webinar
AM Best will present a webinar hosted by The Insurance Institute of London (IIL) discussing the state of the global reinsurance market on 18 March 2021 at 11:00 a.m. GMT (3:00 p.m. GST).
During the one-hour event, Catherine Thomas, AM Best senior director, analytics, and Steven Chirico, director, will discuss the rating agency s view of the global reinsurance market and the factors behind its stable market segment outlook for 2021, including the major drivers of reinsurance results, the sufficiency of reinsurers capitalisation levels and the impact of new capital on market conditions. Despite AM Best s stable outlook, its rationale reflects a number of offsetting negative and positive market forces, and the analysts will provide insight on these specific attributes and contemplate when uncertainty and economic volatility will translate to more-normal operating conditions.
George Nyakundi appointed as new ICEA Lion Life CEO
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George Nyakundi has been announced as the new ICEA Lion Life Chief Executive Officer, effective 1st January 2021. He takes over from Justus Mutabari Mutiga, who has retired, after 27 years with the firm.
Mr. Nyakundi was previously the company’s General Manager Business Development & Technical Services.
He has a vast career background spanning about 30 years in the life insurance sector. He began his career at Kenindia Assurance in 1988, before briefly moving on to Occidental Insurance as the Marketing and Administration Manager. He later joined Jubilee Insurance in 1999 as a Senior Underwriter before leaving in 2006 to join Alliance Insurance Corporation in Tanzania as the Head of the Life Business, where he later took over as the Chief Executive Officer in 2013.