Hold Brexit, We Need an Election

Hold Brexit, We Need an Election By David Worsfold It was inevitable. Changing Prime Minister from Theresa May to Boris Johnson did absolutely nothing to alter the simple fact that Parliament has been deadlocked over Brexit ever since May came back from Brussels with...

IRL Preview – October 2019

Highlights – October 2019 Managing Earthquake Risk in Peru An overview of three challenges facing Risk Managers Earthquakes in Peru are frequent events, because the country is in a highly seismic region placed over the Nazca plate within the so called South America...

IRL Preview – September 2019

September Highlights Three Key Challenges for Insurance brokers in the Andean Region: Peruvian Perspective Learn of the challenges that might keep decision-makers in Peru from accomplishing this mission, because in insurance, as in life, there are good choices and...

IRL Preview – August 2019

Understanding Blockchain, Part 2

In part one of this article, published in the June 2019 issue of the Insurance Research Letter, we provided an overview of how blockchain technology works and how smart contracts are employed to make this technology relevant in this modern economy. Here in part two, we discuss the broader and more global risks of the technology as a whole, and by way of example, the risks as they may present themselves for more specific lines of business. We also present issues to consider as it pertains to the restriction or refinement of policy terms and conditions.

IRL Preview – July 2019

Don’t put an Idiot in Charge (A short story about AI)

         Raise your hand if you’ve heard some version of this lately: “In the next 10 years, robots with Artificial Intelligence will replace all rote jobs.” Now, raise your OTHER hand if you heard this same thing in 2005, 2000 and 1990. Learn why this has been a constant drumbeat since the 1950s on page 11

Preview – June 2019, Chinese Tourists in the Hermit Kingdom: From Flux to Inflection

Chinese Tourists in the Hermit Kingdom: From Flux to Inflection
By William A. Hodges

The North Korean government’s recent prioritization of tourism not only demonstrates its attempt to attract more foreign currencies to solve the problems caused by economic sanctions, but also shows its desire to showcase a positive image of itself to the world. In this lies an issue that must balance national concerns of pragmatism and idealism, as well as visibility and invisibility. The current inflectionary status of inbound Chinese tourism comes after years of flux in tourism numbers to the DPRK. This has mostly been as a result of uncertainty surrounding North Korea’s pursuit of nuclear weapons and its treatment under consequent Western sanctions.

Preview – July 2019, Vietnam: A Mission Unclear

A Mission Unclear
By William A. Hodges

The Best and the Brightest, David Halberstam’s widely acclaimed examination of the supposed technocracy behind the American war in Vietnam, focuses heavily on the types of characters within the administration that surrounded President Johnson. Concerned about the war’s impact on his domestic initiatives within the Great Society, worried about the legacy of a Democrat’s overseeing of the loss of China, and concerned about upholding American credibility, Johnson was particularly susceptible to the theories of control espoused by many of his civilian and military advisors alike. Rejecting the notion that foreign policy missions in places like Vietnam could be uncontaminated by domestic concerns, Halberstam states that, “The truth, in sharp contrast, was that all those critical decisions [in Vietnam] were primarily driven by considerations of domestic politics, and by political fears.” (Halberstam)

IRL Preview – June 2019

Subscribe to the Insurance Research Letter here. Each issue includes topical articles written by experts that you won’t read anywhere else. Stay current with major developments with Global Briefs; monthly Synopsis of insurer and broker news; and the popular Back Page℠...

IRL Preview – May 2019

The Continuing Evolution of Cyber Insurance Coverages
By Judy Selby

As discussed here and here (links only appear in document), cyber insurance policies are continually being updated to provide new and innovative coverages in light of today’s new and increasing cyber risks. I highlight some of the latest cyber coverage offerings here.

Post-Breach Cyber Mitigation Coverage
At least one insurer is now helping its insureds reduce the risk of future cyber events. This carrier offers coverage for 1) an information security risk assessment; 2) an information security gap analysis; 3) development of an information security document set; and 4) an information security awareness training session. The coverage is available after an insured has suffered a covered cyber event under the policy form.

Cryptojacking and Botnetting Coverage
Coverage is now available under at least one policy for losses resulting from cryptojacking and battening, two of today’s most rampant cyber exposures. Cryptojacking means the unauthorized use of the insured’s computer system to mine cryptocurrency. Botnetting means the unauthorized use of the insured’s computer system to launch a denial of service or hacking attack against a third party. Login or sign up to read more…

IRL Preview – April 2019

  Subscribe to the Insurance Research Letter here. Each issue has topical articles written by experts that you won’t read anywhere else. Stay current with major developments with our Global Briefs; monthly Synopsis of insurer and broker news; and the popular Back Page...

IRL Preview – March 2019

  Subscribe to the Insurance Research Letter here. Each issue has topical articles written by experts that you won’t read anywhere else. Stay current with major developments with our Global Briefs; monthly Synopsis of insurer and broker news; and the popular Back Page...

Brexit – IRL, February 2019

* One Star Missing A Brexit of illusions By David Worsfold Brexit is everywhere. In the UK you cannot escape from it. Brexit dominates the news, the whole political system is consumed by it, it is top of boardroom agendas and it is the most frequent topic of...

IRL Preview – February 2019, Brexit articles

Subscribe to the Insurance Research Letter here. Each issue has topical articles written by experts that you won’t read anywhere else. Stay current with major developments with our Global Briefs; monthly Synopsis of insurer and broker news; and our popular Back Page...

IRL Preview – January 2019

What DARPA Technologies can offer the Insurance Industry – In the last decade, many of the giant humming brains of technology have migrated to government projects for the Defense Advanced Research Projects Agency (DARPA) because the work there has been super fun – their instructions were simply “build whatever massive tool you want to, and then turn it over to our analysts to use or not use as they choose.”