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The U.S. has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months.
Inflation, war and social unrest are among the issues swirling in the high risk/low resilience geopolitical environment, Beazley reports.
The insurer is selling a majority of its Russian operations to Zetta Insurance's parent company Interholding.
The U.K. insurance industry is the fourth largest in the world with total premium volume of some $400B.
The war in Ukraine has prompted fears of another major loss event for the insurance industry.
The 2022 Spencer-RIMS Risk Management Challenge winner will be named during Riskworld, which runs April 10-13, 2022.
Often the best courses of action are legally informed but ultimately are not legal action.
Analysts with Forrester offer insights into the steps risk management professionals should take as Russia's aggression continues in Ukraine.
As an industry, we need to think bigger and re-evaluate the way companies operate along with the tools they're using.
Caught between higher demand and tightening supply, insurers look to technology to compute adequate rates and come up with new types of coverage.
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