Digital reinsurance transactions could be made even more efficient via a collaboration between reinsurance brokers, Guy Carpenter and Aon's Reinsurance Solutions business. Leveraging advancements in blockchain and distributed ledger technology, the project is now progressing to the next phase of development which seeks to digitise the reinsurance placement process.
Researchers at North Carolina State University in the US have discovered a systemic design flaw in 'smart home' devices, typically Internet-of-Things (IoT) devices that are of an always-on, always-connected nature.
The World Insurance Report 2019, published by Capgemini and Efma reveals that policyholders are increasingly concerned that their insurance coverage has become insufficient for emerging risks, from cybersecurity to environmental threats.
As more companies migrate to the cloud, the risk landscape has seen an increased surface area for cyber security risk according to Horangi Cyber Security CEO and founder Paul Hadjy who was speaking at the Asia Cyber Risk Summit 2019 organised by Asia Insurance Review.
China Re plans to launch the 'first domestic political violence insurance' to cover Chinese businesses involved in the construction of the Belt and Road Initiative (BRI) across the globe.
Economic slowdown and volatile market conditions have led to the lowest levels of global risk readiness in 12 years, impacting the C-suite's ability to manage volatility and maximise performance, according to findings from Aon's 2019 Global Risk Management Survey.
Following the Easter Sunday attacks in Sri Lanka last month, tourism took a massive hit with estimated losses amounting to $1.5bn and a significant number of travel advisories issued against visiting the country. Seeking to attract tourists once again, tourism minister John Amaratunga said that the government is planning a travel insurance for tourists and will work out the quantum, reported local publication EconomyNext. He also said that the industry has suggested $100,000 to $150,000 of cover for the insurance which has already received cabinet approval.
Targeting patients who are likely to consume the wrong medication due to confusions over similar-looking medicines, a new smartphone app called AIGIA Pharmacist can identify 400 commonly used drugs and medications in Taiwan with the assistance of a drug-photographing device.
The 12th annual survey of emerging risks conducted by the Canadian Institute of Actuaries, Casualty Actuarial Society, and Society of Actuaries has ranked climate change as the top risk for 2019.
Nature is declining globally at rates unprecedented in human history - and the rate of species' extinctions is accelerating, with grave impacts on people around the world now likely, warns a landmark new report from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), the summary of which was approved at the 7th session of the IPBES Plenary, meeting held from 29 April to 4 May in Paris.