Advisen published the below white papers, in conjunction with some of the leading insurers, insurance brokers, and professional organizations that service the insurance industry.
Advisen released a whitepaper that examines the increasingly utilized and sophisticated criminal tactic of deception fraud known as spear phishing.
This paper features the views of cyber insurers about the process of investigating real claims and the benefits in having coverage that responds to the events that are more likely to occur.
This white paper will present the key facets of the private company D&O market, including market size, buying patterns, claims analysis, and emerging trends.
Advisen wrote a white paper that looks into the D&O claims trends for the second quarter of 2015. The report examines all sources of securities-related suits that impact the underwriting and placement of management liability insurance other than ERISA liability suits.
Download Advisen's Insurance Program Benchmarking Methodology paper which explains the methodology used to develop and maintain Advisen’s Insurance Program Database.
Aircraft Builder's Council, Inc. released a white paper that presents the rationale for why aircraft parts manufacturers should strongly consider purchasing aviation liability insurance.
Advisen released a white paper that discusses the rapidly evolving cyber threat landscape and how cyberattacks affect businesses of various sizes and across a range of industries.
This paper drills down on the nuts and bolts of construction risks and mitigation procedures.
In the 2015 Advisen Claims Satisfaction Survey, FM Global ranked at the top of the list of preferred insurers for property claims management. This report is an excerpt of the Claims Satisfaction report.
This paper examines the FTC's initiatives to expand its privacy and network security-related regulatory authorities.
Advisen released an infographic that puts a spotlight on the cyber loss experience of the professional services sector.
This 10-page methodology document describes the principles and methodology of how cyber data is organized for Advisen’s clients.
This white paper looks at trends in M&A and other commercial transactions, the issues that often impede deals, and insurance solutions to help simplify complex transactions.
This paper features the results of BitSight Technologies’ analysis of the risk vectors that comprise BitSight Security Ratings and publicly disclosed data breaches.
Advisen wrote a white paper that examines all sources of securities-related suits that impact the underwriting and placement of management liability insurance other than ERISA liability suits.
This paper looks into the surety issues faced by the construction industry in a recovering economy and offers solutions from a surety underwriter’s perspective.
This paper presents the results of a survey designed to gain insight into how the purchase and placement of casualty insurance impacts a company’s overall risk management strategy.
The ROI of RMIS paper discusses how organizations identify and quantify the return on investment for their Risk Management Information Systems.
All loss data is not equal. The P&C community has access to a myriad of loss databases that range in scope, assembly, accuracy, granularity, etc. Since inception, we have invested more than 250 person-years to build our MSCAd database of more than 250,000 legal cases, actions, and events that have resulted in, or might result in, significant financial losses, […]
This paper presents the results of a survey designed to gain insight into the current state and ongoing trends in network security and cyber risk management in Europe.
This paper examines all sources of securities-related suits that impact the underwriting and placement of management liability insurance except ERISA liability suits.
Is it possible that the perceived threat of reputation risk is worse than the actual damage? In this paper we investigate if “Reputational Risk Has a Bad Reputation”?
This paper outlines the need for a globally compliant insurance program designed to accommodate country-specific regulations while still being aligned with an organization's overall risk finance structure.
This paper outlines the findings from a survey that can help construction companies understand their owns, and benchmark their safety and training initiatives against their peers.
This paper assesses how the cyber market has developed and looks at some of the tools carriers are adopting to better assess corporations' cyber preparedness in the underwriting process.
Advisen collaborated with PartnerRe to conduct a comprehensive market survey on trends that are shaping the cyber insurance marketplace.
Advisen Ltd and Zurich have partnered for a fourth consecutive year on a survey designed to gain insight into the current state and ongoing trends in information security and cyber liability risk management.
Advisen wrote a white paper that draws on lessons learned from major catastrophes to examine how hospitals can best prepare to protect the health and safety of staff under extreme conditions while still effectively meeting the needs of the community.
Advisen wrote a white paper that reports on the frequency and severity of securities suits, including class actions, breach of fiduciary duty suits, regulatory actions and derivative actions.
Advisen wrote a white paper that looks into lessons learned from past data breaches and discussed the benefits of being well-prepared to respond to breach incidents.
This report offers steps that SMBs can take to better safeguard company data, protect important customer information, and help ensure that the business will survive a data breach.
Advisen wrote a white paper that explains how every organization with a website or blog is exposed to media liability risks and how settlements on media liability claims can run into millions of dollars.
Advisen wrote a white paper that discusses how supply chain risk management is increasingly being acknowledged as a core contributor to corporate performance.
Advisen has worked with AIG to research and produce this report into the US EPLI market for public and private companies. The report compiles a combination of proprietary Advisen data and research, interviews with key market executives and claims case studies.
Advisen wrote a paper that discusses underleveraged, underutilized and/or alternate approaches to workers compensation Cost Containment Strategies (CCS).
Advisen wrote a white paper that reports on the frequency and severity of securities suits, including class actions, breach of fiduciary duty suits, regulatory actions and derivative actions, providing insights on emerging trends by suit type, allegation type and industries being targeted as defendants.
July 2014 Advisen will host a webinar that will examine why traditional approaches to cybersecurity and online privacy fail and offer a comprehensive approach to securing information that can radically simplify cybersecurity. The webinar comes with an associated white paper that looks at the various facets of cyber sanity. Both the webinar and the associated white […]
June 2014 Advisen hosted a webinar and wrote a white paper that examined corporate bank account takeovers. Both the webinar and the associated white paper are sponsored by OneBeacon Professional Insurance. Examining Risk Mitigation Strategies Against Cyber Thieves Corporate account takeovers – typically committed via phishing, social engineering, or other schemes – have proven a challenge to both […]
July 2014 This paper provides an overview of an approach to consider as a solution to an outrageous court verdict in a product liability lawsuit in the aviation industry. The free, 4-page paper is written by the Aircraft Builders Council. Effectively Responding to an Aircraft Products Liability Lawsuit A jet manufacturer, a jet engine manufacturer, an avionics […]
Advisen wrote a white paper that examines factors influencing the European D&O insurance market. This paper is sponsored by Zurich.
May 2014 Advisen hosted a webinar and wrote a white paper that discusses pricing, capacity, and coverage in the U.S. Commercial Property/Casualty Insurance Market. The webinar and the free, 8-page white paper are sponsored by Allied World. Examining the Property/Casualty Insurance Market The property/casualty insurance industry reported strong performance in 2013. Reports from major insurers show […]
May 2014 Advisen hosted a webinar and wrote a white paper that examine the traumatic brain injury (TBI) exposures faced by educational institutions. Responding to Risks Related to Traumatic Brain Injuries In recent years, awareness of the effects of Traumatic Brain Injuries (TBI) has grown at the high school and collegiate levels. In response to […]
April 2014 Advisen hosted a webinar and wrote a white paper that analyze the risks to directors and officers of multinational companies. This free, one-hour webinar and the associated paper are both sponsored by ACE. Purchasing Appropriate D&O Protection Companies of all sizes – both public and private – are participating in the global economy. […]
April 2014 Advisen hosted a webinar and wrote a white paper that reports on the frequency and severity of securities suits, including class actions, breach of fiduciary duty suits, regulatory actions and derivative actions, providing insights on emerging trends by suit type, allegation type and industries being targeted as defendants. Analyzing D&O Claims Trends The […]
April 2014 Advisen wrote a white paper that provides insight into the current state and ongoing trends in network security and cyber risk management in the Asia-Pacific region.The free, 15-page paper is sponsored by Zurich. Examining the Role of Insurance in Network Security and Cyber Risk Management For the first time, Advisen Ltd. and Zurich […]
March 2014 Advisen hosted a webinar and wrote a white paper that examines trends in the energy industry, the current state of the energy property insurance market, and the coverage and capacity issues facing the industry today and in the future.The free, 15-page paper is sponsored by Aspen Insurance. Analyzing the Energy Insurance Industry in […]
March 2014 Advisen wrote a white paper that discusses Straight Through Processing (STP) and the implementation of the electronic initiative in the insurance business. The free, 4-page paper is authored by James Willison, CEO of Web Connectivity Limited, the leading supplier of ACORD messaging gateways in the London market. Web Connectivity is owned by Advisen […]
February 2014 Advisen wrote a white paper that presents the results of a survey designed to gain insight into the current state and ongoing trends in network security and cyber risk management in Europe. The 11-page paper is sponsored by Zurich. Incorporating Cyber Strategies into Risk Management Programs Risk managers, senior executives and board members […]
February 2014 Advisen hosted a webinar and wrote a white paper that looks at the forces at work in the healthcare sector and how they are changing the liability exposures of hospitals and other healthcare organizations. The 9-page paper sponsored by OneBeacon Professional Insurance also examines the evolving role of the risk manager in this […]
February 2014 Advisen hosted a webinar and wrote a white paper that examines all sources of securities-related suits that impact the underwriting and placement of management liability insurance other than ERISA liability suits. In addition to securities class action suits, this 9-page report encompasses a much broader set of suits, including securities fraud, breach of […]
January 2014 Advisen wrote a white paper that examines some of the most significant risk management issues faced by financial institutions today. The free, 8-page paper is sponsored by AIG. Addressing Risk Management Issues Faced by the Financial Industry Reputation damage, cybercrime, implementation of enterprise risk management programs, the changing exposures of directors and officers, […]
December 2013 Advisen hosted a webinar and wrote a white paper that reviews the trends and developments in specialty lines insurance in 2013. The 11-page paper “Specialty Lines: 2013 Wrap-up” is sponsored by OneBeacon Professional Insurance. A Review of the Trends that Shaped the Specialty Lines Market in 2013 The economy continued to improve in […]
December 2013 Advisen wrote a white paper that examines the increasingly complex compliance challenges faced by companies operating in a global business environment. The 7-page paper sponsored by AIG offers practical insights into achieving and maintaining compliance, and also outlines the benefits of going beyond mere compliance and transforming sustainability into a competitive advantage. Investing […]
November 2013 Advisen wrote a white paper featuring the results of a survey conducted by Advisen Ltd. to gauge how broadly various safety practices are used throughout the industry and discusses the impact that economic conditions, both good and bad, have had on safety in the construction industry. The 14-page paper is sponsored by ACE. […]
This second annual Advisen survey of European risk management professionals, sponsored by Zurich, reveals the cyber-related risks that most concern organisations, and the ways they are organising their efforts to combat them. The report, In Information Security and Cyber Liability Risk Management: The Second Annual Survey on Enterprise-wide Cyber Risk Management Practices in Europe, can be downloaded at no charge.
Compared with the previous quarter, the number of new securities and business litigation filings and regulatory enforcement actions continued to decline in the third quarter but at a much slower pace. The decline keeps 2013 in line to have the lowest annual total of new filings since prior to the credit crisis. Although the number of filings decreased for some categories such as derivative shareholder actions and merger objection suits,…
The credit crisis and recession was tough on the legal profession. Some law firms saw revenue fall as commercial transactions dwindled, many clients demanded lower prices and some client companies padlocked their doors.
A shortage of drivers threatens the trucking industry at a time when an improving economy and tighter regulatory scrutiny means that yet more qualified drivers will be needed. There are no easy solutions to this dilemma, but it is clear that focusing on safety, driver benefits, health and wellness issues and more can improve the attractiveness of the profession to young job seekers, keep more drivers behind the wheel and…
October 2013 Advisen hosted a webinar and wrote a white paper that examines construction supply chain risks. Sponsored by XL, the 7-page white paper reviews where the built-in risks lie as well as steps that can be taken to mitigate the potential adverse risks. Addressing Emerging Contractor Risks in an Improving Market Economic indicators and […]
September 2013 Advisen hosted a webinar and wrote a white paper that discusses the vulnerability of global supply chains. “The Vulnerability of Global Supply Chains: The Importance of Resiliency in the Face of Systemic Risk” is a 9-page white paper that analyzes recent catastrophes and their impact on global supply chains. Natural Catastrophes & Impact […]
An ever-evolving risk landscape combined with a heightened emphasis on the strategic importance of risk management mean that the roles and responsibilities of many risk managers are changing at a rapid pace. In many organizations, risk managers are becoming more visible and more engaged in strategic decision making, but for many risk managers that means learning to navigate unfamiliar terrain as their influence and responsibilities expand.
The idea of ERM, or managing organizational decisions and activities through a strategic risk discipline across a full risk spectrum, has long held appeal for many organizations. In the past, however, turning the theory of ERM into a reality had proven challenging for many of those same organizations. Fully understanding the concept, communicating the benefits and justifying its costs were often cited as hindrances.
Have employers ever been more exposed to allegations of harassment, discrimination, retaliation and failure to adhere to minimum wage and overtime rules? The number of charges filed by employees with the Equal Employment Opportunity Commission (EEOC) is near an all-time high, and lawsuits brought by employees represent one of the most common types of litigation faced by employers of all sizes.
This white paper discusses the most relevant laws and regulations that impact data security and privacy liability exposure. It presents statistics on data breaches, as well as discusses different types of beaches. Finally, it analyzes the current insurance market for cyber liability, particularly focusing on network security and privacy liability coverages
AIG and Advisen have teamed up to research and produce this ground-breaking report into the North American directors’ and officers’ (D&O) insurance market for private and not-for-profit companies. Although much is known and reported on the public company sector in the U.S., the full data and analysis on the private company and not-for-profit sectors remain elusive and – where available – incomplete.
After enjoying consecutive declines in Total Cost of Risk between 2007 and 2010, risk managers saw average TCOR increase in 2011 – a year riddled with a wave of natural catastrophes that devastated many parts of the world. While far fewer natural catastrophes sowed destruction across the globe in 2012 compared to 2011, they nevertheless resulted in material economic and insured losses. Risk managers faced another increase in average TCOR.
The number of new securities and business litigation and enforcement actions were down dramatically as compared with the first quarter of 2013 and are on pace for the lowest annual total since prior to the credit crisis. Three of the four major categories (breach of fiduciary duty, derivative shareholder action & securities fraud) were down from the first quarter. Securities class action was the only major category that saw a…
Aircraft Products Liability Insurance is an affordable insurance for most aircraft product manufacturing businesses that provides a risk financing tool that mitigates financial loss for aircraft and space mishaps. This two page article from the Aircraft Builders Council presents rationale for why mid-sized and smaller manufacturers should strongly consider purchasing products liability because...
Data is continuously generated, and it is being collected on everyone, in every walk of life and in every business sector. From financial transactions to web searches, driving habits to social media posts, the sheer volume of collectable information is staggering. This is "Big Data", and with the advent of computers able to discover patterns in reams of messy...
Property-related exposures are continuously evolving and therefore require a risk management approach that is both creative and flexible. The question for many is how to accomplish this. While every organization is unique, understanding what others are doing can provide invaluable insight when determining how best to allocate risk management resources. It is with this in mind that Advisen, in partnership...
Even the best-managed chemical manufacturers and distributors occasionally attract the attention of environmental regulators. By understanding what can trigger an inspection, how to prepare, and what to expect when a regulator performs an inspection, chemical companies can achieve better results during an inspection, and can avoid penalties as well as unnecessary compliance complications.
Slowly but steadily rising premiums characterize the current commercial property/casualty rate environment. Insured loss estimates for Superstorm Sandy now are running well in excess of $20 billion, meaning that Sandy likely will trail only Hurricane Katrina as the most costly U.S. storm. The property/casualty insurance industry, however, has taken the hit
Supply chain risks often are characterized in terms of tangible property exposures such as fires and natural catastrophes. Physical damage to buildings, machinery and transportation infrastructure, however, are not the only potential causes of supply chain disruptions. Information and communication technologies are vulnerable to hardware and software failures, as well as to damage caused by hackers and malware writers.
Securities Lawsuit Trends: Class Actions & Beyond. Advisen analysts report on the frequency and severity of securities suits, including class actions, breach of fiduciary duty suits, regulatory actions and derivative actions, providing insights on emerging trends by suit type, allegation type and industries being targeted as defendants.
Cybercrime is on the increase throughout the world, and no organization in any country can consider itself immune from attack. Asia-Pacific companies often excel in the governance aspects of data security and privacy regulation compliance, but security experts often note that many fall short in implementing comprehensive plans to protect their data. This report, sponsored by Zurich, examines the cyber exposures of Asia-Pacific organizations, analyzes the strengths and weaknesses in…
Claims from Superstorm Sandy have overwhelmed the marine market, and when all is said and done, it will likely be the largest marine loss event of all time. This Advisen report sponsored by AIG examines the impact of Superstorm Sandy on the commercial and recreational marine market and strategies to mitigate future risks.
European directors and officers are increasingly exposed to investigations, regulatory enforcement actions and lawsuits, sparking demand for Directors and Officers Liability (D&O) Insurance. In an overall shrinking commercial insurance marketplace, D&O is one of the few lines of business to be growing – a key reason more insurers are entering the D&O market. As a result, competition is pushing pricing down, even as the frequency and severity of claims increase.
Many directors and officers of private companies believe that D&O insurance principally provides protection against shareholder lawsuits, which they largely envision as a public company problem. Private company directors and officers, however, are exposed to a large number of risks for which D&O may represent the best protection. This report examines the various types of liability faced by private company board members and executives, offers practical insights for managing...
As companies increasingly look to capitalize on previously untapped, underserved or underutilized regions of the world, the influence of politics on business has become a bigger threat than ever before. This Advisen report sponsored by AIG explores the current political risk landscape, its impact on financial institutions and strategies to mitigate the risk.
Data security and other cyber exposures continue to be recognised as a significant threat by most risk managers, senior executives and board members of European organisations. Their concerns range from social media risks to data breaches to business interruption resulting from a malicious attack. As a result, information security continues to be a specific risk management focus for most of these organisations.
Paul Romano, President of OneBeacon Professional Insurance, has long recognized that those insurers that most effectively harness technology will be the best positioned to emerge as market leaders. Paul recently spoke with Dave Bradford, editor-in-chief of Advisen Front Page News, about how technology is transforming specialty insurance, ranging from systems to facilitate interactions with brokers and agents, to using Big Data and predictive analytics to improve underwriting...
Chemical company supply chains can extend across the globe and are subject to interruption by a wide array of events. Consequently, supply chain risk is a rapidly growing concern for risk managers. This report overviews the global supply chain challenge for chemical companies and reviews specific losses. Risk management process are discussed and steps to maximize supply chain resilience are included. This free, 7-page report is sponsored by AIG.
Securities Lawsuit Trends: Class Actions & Beyond: Advisen analysts report on the frequency and severity of securities suits, including class actions, breach of fiduciary duty suits, regulatory actions and derivative actions, providing insights on emerging trends by suit type, allegation type and industries being targeted as defendants.
European directors and officers are increasingly exposed to investigations, regulatory enforcement actions and lawsuits, sparking demand for Directors and Officers Liability (D&O) Insurance. In an overall shrinking commercial insurance marketplace, D&O is one of the few lines of business to be growing - a key reason more insurers are entering the D&O market. As a result, competition is pushing pricing down, even as the frequency and severity of claims increase.
For a growing number of companies, doing business in foreign countries is more than an opportunity – it is a competitive necessity.
The commercial insurance market is in transition, with various forces competing to control its direction. Pricing is firming in many lines, but the drivers of heightened competition are lurking in the background. This report focuses on the forces at work in the market with the objective of providing brokers and insurance buyers' actionable information as they plan for year-end renewals and beyond.
Year In Review: A look back at the top stories, court cases, law changes and regulatory developments impacting specialty line insurers, brokers and their customers in 2013 and beyond.
The globalization of commerce has required many businesses to expand beyond their own borders to remain competitive, with emerging economies frequently representing the best growth opportunities. As a result, whether for a short term business trip or a longer term assignment, employees increasingly are required to travel to distant locations with unfamiliar cultures and often substandard healthcare systems.
Although "hacktivism," is a movement with origins dating to the early days of the Internet, only since 2010, when Wikileaks made public hundreds of thousands of classified U.S. government documents, has the ensuing war over the censorship of digital information brought the topic to the forefront of public awareness. In the years since, this 21st century method of protest that combines computer hacking with political activism has become more common…
Advisen's Q3 2012 'Health Care Services and Facilities' Industry Analysis Report highlights several key financial industry trends including the financial and operational impact of the 'Patient Protection and Affordable care Act' on the health care provider community, the proliferation of health care IT infrastructure to meet the demands of 'accountable care' and the related increased exposure to patient data breaches, the recent activity within a select group of states revisiting...
The marine transportation industry plays a vital role in transporting goods and supplies that fuel the global economy. Yet for the last several years, this industry continues to face a combination of reduced revenue and increasing cost challenges that have prompted some firms to consider different ways to conduct business and drive revenue. Examples of some strategies include
U.S. Secretary of Defense, Leon Panetta, warns of a "cyber Pearl Harbor," an attack which would "paralyze and shock the nation and create a new, profound sense of vulnerability.
This report sponsored by OneBeacon Professional Insurance examines the risk management challenges posed by the various new healthcare delivery models and discuss the ways that risk managers' roles and responsibilities are undergoing change as the continuum of care both expands and becomes more integrated, and as organizations embrace more holistic approaches to managing the full spectrum of risks.
Owners and managers of small and midsize businesses (SMBs) often underestimate the threat of data breaches. That is unfortunate since they are increasingly vulnerable to having data lost or stolen. SMBs, in fact, have become a favorite target of hackers. This report, sponsored by XL, examines privacy and data security exposures of SMBs, offers practical risk management advice, and explains the insurance services and protections now available.
This Advisen report sponsored by AIG explores the cyber-threats plaguing institutions of higher education, their vulnerabilities to these threats, the implications of certain privacy and data security regulations and strategies to mitigate the risk.
Product recalls, a necessity for consumer safety, have become more costly and more frequent than ever before. This Advisen webinar sponsored by ACE explores the impact of product recalls on business balance sheets and brand reputation and strategies for how to mitigate the risk.
This Zurich sponsored report tracks the growth of PPPs in the United States, examines the risks posed by PPPs to contractors, and explains the implications for surety relationships.
Serious aviation events are comparatively rare. That fortunate fact, however, means that when they do occur, it is quite possible that an aviation company will not be adequately prepared to respond. The nature and extent of crisis response varies significantly with the scope and nature of a company’s operations. What is necessary for every company, however, is to have a plan to gain control of the situation as quickly as…
Financial Institutions, one of the most highly targeted industries by cyber criminals, should expect the number and sophistication of malicious attacks against them to continue to grow. The adoption of online banking, while convenient for customers and financially beneficial for some institutions, has opened the door to increased opportunities for cyber-criminals to steal both money and information.
As awareness grows due to media coverage of high profile data breaches, pending cyber legislation and continued advisories from cyber security professionals, information security and other cyber risks continue to represent at least a moderate threat to a majority of risk professionals.