Allianz Commercial has strengthened its multinational proposition to support UK-headquartered businesses taking on cross-border construction projects. The insurer has refreshed its construction capability across the European Economic Area, providing cover for contract works, contractor’s plant and contractors’ liability.

Power companies are being urged to use favourable insurance market conditions to strengthen resilience as electrification, artificial intelligence, digital infrastructure and advanced manufacturing drive a new wave of industrial growth. Amid abundant capacity and falling rates, insureds with strong loss records, credible valuations and robust engineering data are well placed to reassess their insurance strategies.

UK businesses are increasingly focused on preserving cash flow as payment delays worsen and companies extend payment terms amid mounting economic pressures, according to research from Coface.

Climate-related disruption has caused financial losses for organisations over the past two years according to 94% of senior business leaders, with 30% reporting setbacks of over £738,000, according to a report by Sweep and Capgemini. However, more than three quarters (79%) say their sustainability data is insufficient to accurately inform wider business strategy as it has not yet been properly integrated across the organisation.

Revolut has confirmed that sensitive customer information, including copies of passports and driving licences, has been obtained by an unauthorised third party after fraudulent information requests were sent from a legitimate government agency email domain.

Road safety charity IAM RoadSmart has launched a professional accreditation programme designed to help organisations better understand and improve the way that they manage business driving risks.