Asia remains vulnerable to the threat of political risks and terrorism. In our cover story, an insurer and a specialist intelligence company give an update on the hot spots in Asia.
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Specialist intelligence company Exclusive Analysis has produced key 2012 political and violent risks forecasts for this article. Its Asia Forecasting Team also tells us that the intelligence provided is from the company’s new tools Foresight Security Planning and Foresight Political Risk.
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Mr Jason Herriott from Amlin notes that while there have been no large scale terrorist attacks in Southeast Asia, businesses must still be prepared for it as the risks are still there and it would be dangerous to be complacent.
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In many of today’s commercial and industrial buildings, cooling towers are invaluable. Mr Peter Madeley from FM Global discusses the inherent fire hazards cooling towers present, and effective ways to prevent possible property damage and business interruption.
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The constantly changing global regulatory environment has added a new level of uncertainty for financial organisations. Mr Matthew Streeter of FINCAD explains the approaches and systems needed by insurers in this new world order of risk.
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Mr Michel Dacorogna of SCOR and Professor Jun-Koo Kang from the Nanyang Business School share the vision and plans of the IR&FRC at Nanyang Technological University.
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Dr Gerhard Zuba and Dr Oscar Vergara from AIR Worldwide give an update on crop insurance in China and the challenges of modeling crop losses there.
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The International Association of Insurance Supervisors (IAIS) has released a paper last month entitled Insurance and Financial Stability providing the perspective of insurance supervisors on the role of the insurance industry and its interaction with the financial system and other financial market institutions.
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