Blog: Managing virtual business risk in the fine art market
Covid-19 has resulted in a rapidly evolving risk landscape for fine art organisations. Beazley's Simon Aitchison argues clients need to work closely with their insurance brokers and insurers to identify these new risks the face, and ensure that they have appropriate risk management and mitigation measures in place to manage them.
Covid-19 has devastated and revolutionised, the fine art world. Traditionally, a sector rather reticent to embrace e-commerce, galleries, auction houses and jewellers have demonstrated their resilience in the face of the pandemic and ‘gone virtual’, enabling collectors and visitors to view, buy and participate in auctions and exhibitions online. Their approach has been rewarded, both in financial terms and in the opening up of a new market for a younger generation. However, it has also created
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
MUM founder Charles Manchester to retire from Pen
Charles Manchester, founder of Manchester Underwriting Management, is retiring from the business this month, Insurance Age can reveal.
AbbeyAutoline makes second book buy in a week
AbbeyAutoline has purchased Down Insurances’ customer book of business, based in Downpatrick, further strengthening its presence in Northern Ireland.
Biba calls on Labour government to act on broker commissions and fees
The British Insurance Brokers’ Association has called on the new Labour government to introduce secondary legislation in relation to the Leasehold Reform Act to allow for broker commissions and fees to be deemed permitted insurance payments as they are now.
Partners& adds SEP bolstering North West footprint
Partners& has revealed its second deal in a week, buying Merseyside-based broker SEP Insurance.
People Moves: 1 – 5 July 2024
Stay in the loop with the latest insurance personnel moves.
Former broker Tracey loses seat as ex-Erskine Murray boss unsuccessful in bid to be MP
Former insurance broker and chair of the All-Party Parliamentary Group on Insurance and Financial Services, Craig Tracey, has lost his seat at the 2024 General Election.
And the BIA 2024 broker award winners are…
Former British Insurance Brokers’ Association CEO Steve White was honoured with the Achievement Award at last night’s British Insurance Awards.
FCA trims broker fees hike to 9.3%
The Financial Conduct Authority has confirmed it is raising the financial contribution of the general insurance mediation fee block by 9.3% for 2024/25, down from its initial projection of a 9.8% increase.