Elmore Blog

Insurance and the sharing economy

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New business models are usually viewed as an opportunity for challengers and a threat to incumbents. But they are also an opportunity for any existing business that can adapt to…

Home thoughts from…home

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The London re/insurance market takes huge pride in developing business through face-to-face interactions. Indeed, it’s what gives the market its distinctive character and power. So, when lockdown was announced, our…

5 Insurance considerations for firms operating under PSD2

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Elmore takes a comprehensive approach to risk identification and risk management, for the benefit of insurance offerings that protect and strengthen any business operating under PSD2. We summarise areas where…

Managing risk: The challenge for challenger banks

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Think of an athlete attempting to beat a ‘personal best’ or someone scaling a mountain. Both are individual challenges. In the business world, we’re now used to hearing about another…

Claim of the Month: A $1,129,981 crime insurance claim

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Overview A financial services firm suffered a loss of USD 1,154,981 as a result of the confessed dishonesty of an employee who had fraudulently transferred funds from several corporate accounts.…

What makes a good insurance submission?

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During these unprecedented times and hard insurance market conditions, it’s essential to prepare and present a good insurance submission to an underwriter. So, what are the key things to consider…

Changing Jobs During a Pandemic

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We’ve lived with Covid-19 for more than a year, and no-one has escaped its effects. Apart from the tragic loss of life, many of the things we take for granted…

Insurers’ Supply Chain Under Attack

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Even cyber security experts get caught out. A recent cyber-attack on multinational technology provider DXC Technology, which among other services provides incident response for clients, has shown that even experts…

Employers Work From Home Liability

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Multitasking The kitchen table has never been in such demand. Cereal is cleared by 9am for it to become a conference stage, complete with virtual background, for the first meeting…

Social Inflation Risk To Directors And Officers

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The spread of social inflation The speed at which the coronavirus has spread around the world illustrates the effectiveness of globalisation. In just a few months, one virus in China…

Cyber Insurance In A Health Pandemic

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Cyber criminals prey on the vulnerable Isn’t there enough to worry about at the moment without the additional risk of a cyber-attack? The saying, “it never rains but it pours”…

Elmore Are Remote Working

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In line with best practice and the safety threats of the Coronavirus/Covid-19 global health pandemic, Elmore Insurance Brokers Limited have implemented remote working for it's employees providing them with the…
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EU, GDPR and Brexit

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Introduction The EU General Data Protection Regulation (GDPR) will become legislation in May 2018 which will be a significant change for UK businesses. GDPR will introduce new laws such as…

The Cyber Risk Team

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Introduction Forming a cyber-risk team is becoming increasingly important as the rate of cyber-attacks on UK businesses continues to rise. It is an essential way to help mitigate the risk…
Microphone

Cyber Security Incident Response Plan

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Secure your Defence Cyber-attacks are so frequently reported there is a danger business leaders become accustomed to the risk without implementing sufficient controls. It is vital that as a minimum,…

How Online Expansion is Increasing the Risk of Cyber Attack

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Introduction Businesses across the globe from large multi-nationals to small enterprises are embracing the opportunities an ‘online’ presence can offer. On-line businesses tend to regularly out-perform the average speed of…

What Should be Covered by Cyber Insurance?

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Introduction It is no question that Cyber Insurance has been growing in popularity since its introduction to the corporate world in the late 1990’s. For those who are new to…
Hacker World

Cyber Breaches and Where They Come From

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The Facts Behind the Attacks Dependency on technology and network connectivity is expected to remain one of the most likely risks to businesses in 2017. Cyber-attacks are time consuming to…

Run for Cover! Common Cyber Gaps in Professional Indemnity Policies

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It’s a normal day, then out of the blue, you receive a sheepish call from your IT Director announcing the company databases have been hacked and some 30,000 customer details…