The BSIF has joined a coalition of trade bodies, consumer groups and safety organisations, led by Which?, in urging the government to introduce strong secondary legislation to support the new Product Regulation and Metrology Act. The group argues that online marketplaces must be made accountable for unsafe products sold through their platforms, ensuring a level playing field with traditional retail.

Rising natural catastrophe losses highlight the importance of prevention, mitigation measures and public-private collaboration, with geopolitical uncertainty and fragmentation risks further complicating the re/insurance landscape, according to Swiss Re.

Financial services firms are accelerating investment in artificial intelligence even as major gaps remain in oversight and safety controls, according to research from EY and Napier AI. EY found that 26% of firms have no, or limited, controls for ensuring AI systems comply with regulations, while nearly a quarter lack adequate safeguards against unauthorised access.

Germany-based Compass Point Assist has launched Compass Shield, a membership service combining financial protection with intelligence and operational response to help customers better manage travel and safety risks in high-risk environments.

Cristie Software has announced the availability of Cristie System Recovery PBMR for Dell Technologies PowerProtect Data Manager. The integration extends PowerProtect Data Manager environments with full system recovery, enabling bare machine recovery to physical, virtual or cloud-based targets.

Airmic has elected Richard Hoult to succeed Fiona Davidge as chair. The current vice-president of risk, audit and compliance at Synthomer, Hoult has leadership experience in both finance and risk management across the technology, utilities and manufacturing sectors. He has also been active on Airmic’s board and has already contributed to its strategic direction.