DIRECTORS AND OFFICERS LIABILITY INSURANCE
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Business
NEWS BRIEF
Provided by: RS Risk Solutions Fraud More Than Doubles in 2023, Report Found Fraud in the UK leapt in value and volume in 2023. In fact, the value of recorded fraud in 2023 was £2.3 billion, more than double that recorded in 2022 and he second biggest year for scams in the past two decades.
NEWS BRIEF
Provided by: RS Risk Solutions Ltd Main Takeaways from Spring Statement 2024 On Wednesday 6th March, Chancellor of the Exchequer Jeremy Hunt delivered his Spring Statement to Parliament. The measures announced aim to “give much needed hope In challenging times” and provide “more opportunity, more prosperity and more funding for (our) precious public services.” Economic
SME BUSINESS INSIGHTS
SME Business Trends for 2024 2023 was challenging for businesses, particularly small and medium sized enterprises (SMEs). Supply chain difficulties, inflationary pressures, recruitment and retention challenges, and a hot of other demands tested the resilience of SMEs across the UK. So much so that many companies struggled to survive. In fact company insolvencies recorded in
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EMPLOYEE WELL BEING FOCUS
Bolster Employee Retention in 2024 A state of employee engagement report found that employee retention is the top priority for HR leaders in 2024, with employee well being and recruitment ranking second and third. Furthermore 89% of HR professionals say retention is getting more difficult or hasn’t changed, compared to just 11% who feel it’s
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CYBER RISKS AND LIABILITIES
Courtesy of RS Risk Solutions Tailgating and Piggybacking Explained Tailgating and piggybacking are low tech tactics used by malicious actors to access restricted areas. They occur when an unauthorised individual gains physical access to a location with sensitive information or vulnerable IT equipment, which can have significant financial and reputational impacts on businesses. Understanding
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2024 UK INSURANCE MARKET DISRUPTORS TO MONITOR
The commercial insurance marketplace has faced unprecedented challenges over the past few years, resulting in a hard market and rising premiums. As such, it’s prudent for organisations to understand the trends likely to impact their insurance premiums this year. See the attached infographic for more information.
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NEWS BRIEF
Provided by: RS Risk Solutions Extreme Weather and AI are the top risks in 2024 Extreme weather and artificial intelligence (AI) generated misinformation and disinformation are the top two risks facing organisations and individuals in 2024, a report by the world economic forum (WEF) has found. The report highlights the findings from the WEF’s