Mr Peter Madeley of FM Global zeroes in on the scientific study of human psychology on natural disasters, how people’s behaviour can be irrational and consequently dangerous to the needed action of loss prevention.
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How can the insurance CFO deal with the pressures piled on by regulatory changes, natural catastrophes, distribution and entering new markets, while helping to ensure profitable growth? The 5th Asian CFO Insurance Summit, held in Hong Kong, offered some insights while addressing the pressing issues of the day.
By Wong Mei-Hwen
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The Maldives is a country of 1,190 islands and tourism runs the economy. There are resorts everywhere and tourists flock in from across the world to soak in the sun and pristine beaches. Hence, it is not a surprise that for the two-day Claims Awareness conference in Male organised by the Federation of Afro-Asian Insurers and Reinsurers (FAIR) and Allied Insurance Co of the Maldives in May, the focus was on insurance for the tourism industry.
By Jimmy John
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The sector for renewable energies is growing strong and with it, the risk and opportunities. Dr Thomas Blunck of Munich Re looks at the changes and the solutions the insurance industry can offer.
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More should be done to fix the lack of risk-mitigation efforts instead of over-focussing on the role of insurers, was the message from the Insurance Council of Australia (ICA) to the government’s Natural Disaster Insurance Review Panel.
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