With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
A Brave New World: Redefining Regulation for the Connected Era
27 September 2017 | Blog Post
Regulation is the foundation on which a successful and thriving economy is built. A world without regulation, would be a world where the likes of Al Capone or Gordon Gekko would make huge profits by swindling money out of innocent individuals. Without regulation, there would be no Elliott Ness to keep the peace.
In today’s interconnected world, regulation is needed now more than ever, for insurers and risk managers are sizing up a landscape that is riddled with new risks. Risks are not contained in siloes but rather flow and spread across business-business relationships, wreaking havoc on anything or anyone connected to them. These new risks will create both balance sheet and brand loss for both corporates and insurers.
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