Space is the new black

Emerging risks from the increasing use of space

Social inflation inflammation

In this article, we provide insights into the US legal environment. The rise in social inflation is linked to the public’s sentiments regarding the corporate world’s responsibilities towards employees, customers, and the general public, increasing jury verdicts against corporations for alleged wrongdoing. These high damage awards are blamed for a growing number of claims, and settlement values, causing unrest amongst insurers. 

Behind the scenes of a mock jury

In the United States, when a company is preparing for jury trial involving a case of significant value, it is common to retain a mock jury to simulate the role of a jury in the courtroom.

The right values protect businesses

The importance of accurate values in an insurance policy remains especially relevant as we see risks relating to underinsurance continue to surface, impacting businesses and hindering their recovery when incidents occur.

Transformer shortage – a threat to business continuity

Wood construction makes a comeback 

Following a sharp increase in the construction of wooden buildings, the number of substantial damages has also risen, highlighting the complex risks associated with this material.  In this article, we focus on two types of wooden structures: cross-laminated timber or CLT construction, and modular house construction. When planning a wood-based building project, understanding the risks linked to these types of construction is crucial. 

The challenges of cyber-attacks, ransomware, and extortion payments 

There are several reasons why IT environments remain vulnerable. On a micro level, companies producing software, operating systems, and applications lack the ability to eliminate all vulnerabilities. For example, the codebase of a modern operating system has become so extensive that changing components carry significant risk. Every added feature increases the attack surface, making it nearly impossible to guarantee there are no security flaws. Additionally, software companies must continuously modernise the functionality and release new versions to stay competitive, which inevitably introduces new vulnerabilities. 

Vulnerabilities within cyber-physical ecosystems 

According to ENISA (the European Union Agency for Cybersecurity) the top emerging cybersecurity threats for 2030 are supply chain compromises of software dependencies, advanced disinformation campaigns, and the rise of digital surveillance authoritarianism. Additionally, human error and exploited legacy systems within cyber-physical ecosystems, are highlighted, as are targeted attacks enhanced by data from smart devices.

Travel insights from claims experts

We at If take a proactive approach to understanding clients’ evolving expectations for travel insurance plans, while also anticipating and addressing their specific needs. 

Understanding risk perception in multicultural workplaces

Article is based on Moona Kiistala’s thesis for If 2024