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Tough insurance market conditions combined with a challenging economy are driving businesses to explore alternative risk transfer (ART) solutions such as parametric insurance.

Hard insurance market promotes alternative risk transfer solutions

Tough insurance market conditions combined with a challenging economy are driving businesses to explore alternative risk transfer (ART) solutions such as parametric insurance. Insurers have been significantly increasing premium in many risk areas and tighte ...

Overcoming the challenges of post-pandemic staff shortages

Faced with severe staff shortages, businesses across the UK are having to find creative solutions to continue servicing clients safely. While the issue has been exacerbated by Brexit, the same trend is occurring across many other jurisdictions as economies reopen.

Faced with severe staff shortages, businesses across the UK are having to find creative solutions to continue servicing clients safely. While the issue has been exacerbated by Brexit, the same trend is occurring across many other jurisdictions as economies reopen.

High fossil fuel prices add another incentive to shift to renewable energy

High fossil fuels’ prices and an expectation that they will remain at an elevated level for the foreseeable future is giving governments an additional incentive to shift the energy mix towards renewable energy sources and reduce greenhouse gas emissions. Further supporting this endeavour is the fact that the cost of wind and solar power generation has declined over the past decade. Switching to green energy can now help curbing costs for companies, private consumption, the economy in general, as well as lowering greenhouse gas emissions.

High fossil fuels’ prices and an expectation that they will remain at an elevated level for the foreseeable future is giving governments an additional incentive to shift the energy mix towards renewable energy sources and reduce greenhouse gas emissions. Further supporting this endeavour is the fact that the cost of wind and solar power generation has declined over the past decade. Switching to green energy can now help curbing costs for companies, private consumption, the economy in general, as well as lowering greenhouse gas emissions.

Staff shortages: risk and insurance implications for the care sector

The COVID-19 pandemic has had a devastating effect on the care sector. Every care home is different and many factors will have affected their experience of the past 18 months. But one thing is clear: the issue of employee retention and recruitment in the sector is now critical. According to a new report published by Skills for Care, as of October 2021, the adult social care sector needs to fill over 110,000 job vacancies.

The COVID-19 pandemic has had a devastating effect on the care sector. Every care home is different and many factors will have affected their experience of the past 18 months. But one thing is clear: the issue of employee retention and recruitment in the sector is now critical. According to a new report published by Skills for Care, as of October 2021, the adult social care sector needs to fill over 110,000 job vacancies.

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