In 2020, Europe raised 1,400 alarms regarding the food safety of products such as meat, milk and fruit. Since the impact on consumers can be significant, this makes food safety an important topic for insurers as well.

A business trip abroad or an expat adventure ring very different bells for insurers today than they did a few years ago. 'Corona has obviously accelerated everything, but the attacks in Paris and Brussels have also made companies think about international mobility,' echoes insurer AIG.

Data breaches, viruses, malware, hackers. The damage is increasing and companies are in constant chase. 'The mass attacks have been replaced by a very targeted business model.'

Environmental liability insurance still has many blind spots for the insured. Who pays? What does one understand by environmental damage? Is it even necessary? Julien Deladriere and Stijn Thonnon of AIG address the issues.

More and more companies are looking beyond their own borders. This brings opportunities, but also risks. Risks that had better be well covered. And that's not always an easy task in countries where the game rules can be quite different from those in Belgium.

Transportation is a vital part of the industrial process but one where the environmental risks are often not adequately understood. As a result, there are some in the haulage industry who are operating with uninsured or underinsured exposures, leaving themselves – as well as the environment – open to significant damage if something goes wrong.

As governments around the world look to steer their economies towards recovery from the worst recession in living memory, infrastructure investment is high on the agenda for many.

The term "human error" is too often used to imply that employees are to blame for cyber breaches. In reality, inadequate security cultures facilitate people-centred attacks.  

The ISA’s cyber-risk handbooks (also available for US, UK, Japan and Latin America) are an attempt to provide Board members with a simple and coherent framework to understand cyber risk, as well as a series of straight-forward questions for Boards to ask management to assure that their organisation is properly addressing its unique cyber-risk posture.

This recognition reflects the hard work of our Financial Lines team in helping brokers and clients better understand and address cyber risk with comprehensive services, support, and coverage. AIG’s CyberEdge product offering plays an essential role in positioning AIG as a market leading insurer. Receiving this award is therefore a great recognition of this fact.

Cyber is one of the most volatile and unpredictable risk facing businesses today. As one of the world’s leading cyber insurers we have handled thousands of cyber claims. Our patented underwriting model leverages insights from this deep claims experience and from numerous data sets to model a client’ s cyber risk in economic terms. The resulting reports help businesses better understand and prepare for the cyber risks they face.

Business travel is on the increase. Between 2016 and early 2019, average travel spend among European organisations more than doubled. After China and the US, Germany, Japan and the UK are the top markets in terms of business travel spend. According to recent research, 30% of European corporate travellers fly once a month and over 60% fly at least once a year.

Business email compromise (BEC) has overtaken ransomware and data breach by hackers as the main driver of AIG EMEA cyber claims, according to the latest cyber claims statistics. Nearly a quarter of reported incidents in 2018 were due to business email compromise (BEC), up significantly from 11% in 2017.   Ransomware, data breach by hackers and data breach due to employee negligence were the other main breach types in 2018.

Although companies are aware of cyber risk generally, obstacles to purchase typically relate to uncertainty about the exposures actually faced by their business as well as a misunderstanding of the scope and cost of coverage available. Below are a few suggestions to manage such objections.

Nowadays many companies become victim of a DDoS or ransomware attack. Most of the time the following questions arise: what caused the cyber incident and, more importantly, how do you solve it?

Today is Easter Monday and probably you will read this article later. Hopefully you have had a great Easter, but what if someone hacked your computer system during these days? Cyber ​​criminals do not take office hours into account and besides that, a cyber incident always comes unexpectedly. In this article we share two claims examples where, despite the circumstances, the insured could resume its work as quickly and efficiently as possible.