General Insurance Article - Guide launched to help insurance firms cope with disaster


 A new business guide has been launched online today by one of the UK’s leading Cloud and IT service providers, to help businesses in the insurance sector survive a potential disaster.
 
 Managing costly power outages, IT failure, flooding and even terrorism are some of the potentially damaging scenarios examined in the ‘Would Your Business Survive?’ study produced by InTechnology.
 
 Designed to provide a vital resource to businesses of all size in the insurance sector, the guide is free to download and offers advice on areas such as risk management and strategic business planning.
 
 Research has shown UK businesses lose £2bn* each year due to IT downtime and service failures, whilst £374m** worth of fraud was committed by individuals against their employer – just some of the business risks tackled by the guide.
 
 Stefan Haase, Product Director for InTechnology, said: “Our research underlines how businesses in the insurance sector need to prepare for the unexpected. There have been many high profile cases where firms have been badly impacted and have even not survived due to outside forces such as IT downtime caused by power outages that were never planned for.”
 
 “Hopefully this guide provides the road map and strategic guidance for firms in the insurance sector to tackle a disaster and mitigate disruption - to ensure that business continuity can be maintained.”

 
 Both the guide and the accompanying infographic can be downloaded for free here
 
  

Back to Index


Similar News to this Story

London Market remains a global leader but challenges remain
The London Market has doubled in size over the last c.10 years. It is worth $187bn in GWP, up 17% from 2022. It now contributes £61bn to overall UK GD
ABI strategy to improve trust, resilience and effectiveness
In its new 2026-28 strategy, the ABI reaffirms its commitment to building a trusted sector, investing in people and planet and shaping an effective ma
The ABI strengthens member decision making
ABI Board and member group governance refresh to elevate and align decision-makingNew pension group to focus on the Bulk Purchase Annuity market and i

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.