Global InsurTech funding dropped in the first quarter of the year from the record level it reached during the last 3 months of 2021, though it still stood at a robust $2.2 billion, according to the inaugural "Gallagher Re Global InsurTech Report" for Q1 2022.
Guernsey Finance and the Guernsey International Insurance Association (GIIA) are looking to appoint a dedicated business development representative for the insurance sector. The move would be a departure from the way Guernsey Finance typically partners with industry to promote Guernsey's financial services to the world.
The frequency, severity, and sophistication of ransomware attacks in the United States rose dramatically in 2021 from a year earlier, according to Fitch Ratings. That trend is likely to continue as long as the profit incentives remain high for cyber criminals and outweigh the perceived risk of prosecution.
Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), in which Dr. Marcus Schmalbach, CEO of RYSKEX GmbH, explores systemic cyber risk and potential solutions.
The experience of the COVID-19 pandemic has given many businesses an opportunity to recognize the potential business impacts of losing key employees. Recognition of this trend is one more reason for businesses to reassess and develop effective risk mitigation strategies to counteract the loss of key employees.