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Risk Features


Interviews - Supply chain concern spurs focus on risk engineering

The supply chain problems triggered by the catastrophes in Asia last year brought realisation to companies of how their business could be impacted when a major disaster strikes and affects their suppliers. This, said Mr Raimund Navakas, Vice President & Manager, Risk Management Services – Asia Pacific and Mr David Haynes, Senior Vice President, ACE International Property, has reminded businesses in the region of their need for customised risk management programmes. By Manuelita Contreras

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Insurance Risk and Finance Research Centre - Catastrophe Risk Management: Addressing the challenge of non-modelled perils

In spite of the advances in cat risk modelling tools, there are some material limitations in the current suite of risk models. Mr Paul Nunn of SCOR Global P&C discusses the challenges that remain in quantifying these non-modelled risks.

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News - Asia: Tighter risk controls needed in the region – S&P


With CATs occurring more frequently and severely, more stringent underwriting and risk controls are needed to deal with the increasingly complex risks, said Standard & Poors (S&P) in a report “Asia-Pacific Non-Life Insurance Outlook: Tighter Risk Controls Are Crucial As The Markets Continue To Grow”.

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News - Asia: AIR Worldwide expands risk modelling suite to include supply chain risk quantification


AIR Worldwide said they have expanded their suite of Catastrophe Risk Engineering (CRE) solutions to add the ability to better quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks.

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Thai Flood Seminar : Insurers must manage risks better with more data and real information

The one-day seminar on the Critical Lessons from the Thai Floods organised by Asia Insurance Review within a short span of five weeks, with the active support of the Office of the Insurance Commission of Thailand and the General Insurance Association of Thailand, drew more than 250 delegates, with more than half coming from overseas, and made a clear call for more data and greater preparedness for the risks faced. The Thai government and authorities are paying greater strategic attention to water and flood management. The seminar issued a dire warning to all not to return to old ways, but to move forward with data and the science of risk management. There certainly is a decisive and dynamic move within insurance and reinsurance circles to do something about covering these exposures in a responsible way and with greater awareness of the risks involved. But will the determination hold?

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Global News - 100 years after Titanic sinking, Allianz report highlights new shipping risks

Despite greatly improved safety records 100 years since the sinking of the Titanic, the maritime industry faces new challenges driven by the continued growth of worldwide shipping, specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has advised.

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