In an unprecedented year for cyber insurance, businesses have faced a significant increase in cyber insurance claims and financial losses, primarily driven by third-party risks. The data, compiled by Resilience, a cyber risk solutions provider, underscores the critical role third-party
The growing concern over climate change has increasingly influenced homebuyers' decisions, prompting a search for regions with minimal climate risks. As the frequency of natural disasters soars and weather patterns become more unpredictable, buyers are starting to prioritize safety and stability in
Sinkholes pose a significant yet often overlooked risk to homeowners, with both financial and human consequences. These depressions, caused by the sudden collapse of land, can lead to costly damages and even fatalities. Despite their severe impact, sinkholes often fail to receive the attention they
The insurance industry, often considered a bedrock of stability, has found itself under the microscope as the United States imposed tariffs that have rippled through various economic sectors. These tariffs, primarily aimed at manufacturing, agriculture, and consumer goods, have created a climate of
As Bermudian long-term insurers and reinsurers look ahead to 2025, maintaining strong solvency and proper reserving, along with an enhanced focus on risk management, are paramount. Suzanne Williams-Charles, CEO of Bermuda International Long Term Insurers and Reinsurers (BILTIR), emphasizes these
The evolving landscape of risk management is becoming increasingly complex, with emerging threats that demand our attention and proactive measures. As climate change accelerates, cybersecurity threats grow more sophisticated, and the rapid adoption of Artificial Intelligence (AI) and Big Data
