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Recent Editions
Risk Channel
North America
The National Association of Insurance Commissioners (NAIC) has suspended its risk designations on the investments of insurers, after a cyber attack compromised data from rating agencies including Moody’s and S&P. Insurance Business says the suspension is more consequential than a routine processing pause because these ratings and designations sit at the center of U.S. insurance capital rules. NAIC said it was “actively working with an external cybersecurity partner to compare the scope and type of data the group posted with our own analysis.” The support organization for state insurance regulators said a complete assessment will take “at least several weeks.”
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Risk Channel
UK/Europe
Finland’s National Defense Course is designed to get leaders, and future leaders, thinking about how to plan for, and respond to, worst-case scenarios so that they can help keep the country functioning during a national emergency. The highly coveted invitations to the secretive training programme are sent to Finland’s most influential chief executives four times year. Former Nokia Oyj CEO Pekka Lundmark says the training changed how he approached new executive roles; each time he stepped into a new one, he would review a company’s crisis plan.
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