Weekly News Roundup – 30th September

Two important reports were released this week, exploring the top risks and business concerns for companies. Travelers surveyed over a 1,000 US decision makers and ‘cyber threats’ were cited by executives as the key consideration. Insight from Marsh reveals what is top of the UK SME risk agenda and what opportunities are out there for these businesses.

Travelers Risk Index shows cyber threats remain top overall business concern (Source: Travelers)
More than 57% of business decision makers surveyed by the insurer “think a future cyber attack on their company or organization is inevitable”.

The truth about price walking in insurance (Source: Insurance Business Magazine)
Despite the FCA’s price walking rules, which came into effect earlier this year, retail consumers still mistrust insurers says CII.

Munich Re to cease investing in or insuring new oil and gas fields from April 2023 (Source: Reinsurance News)
The insurer has announced “a new set of guidelines for oil and gas investments and underwriting” as it chases its ambitious decarbonisation goals.

UK Business Risk Report (Source: Marsh)
SMEs face challenging times and employee mental health and wellbeing is the biggest people risk they are concerned about.

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