Seeking to help businesses grow in a sustainable manner by combatting risks, a new partnership has been forged between international broking and advisory firm Willis Towers Watson (WTW) and business expansion specialist Tricor Hong Kong.
A new impact fund named the Natural Disaster Fund (NDF) Deutschland has been formed jointly by Global Parametrics (GP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) in partnership with the German Development Bank (KfW) and Hannover Re.
In the event of a cyber breach, it is advisable to notify customers even in the absence of legal obligation to do so. Customers being notified can actually assist in mitigating reputation damage, said speakers at the latest Emergence Insurance webinar for brokers.
Sedgwick has appointed Mr Alex Tang, a highly regarded insurance and claims professional, as managing director of its Hong Kong operations. Mr Tang has over 30 years of experience in the loss adjusting industry and was a director at Cunningham Lindsey when it was acquired by Sedgwick in early 2018.
Etihad Credit Insurance (ECI), the UAE federal export credit company, has been assigned an Insurance Financial Strength (IFS) Rating and an Issuer Default Rating (IDR) of AA- (very strong) with stable outlook from Fitch Ratings.
Some life insurers in China still do not appreciate the seriousness of the issue of asset-liability mismatching, despite frequent warnings from the regulator about the gap, according to Mr Jia Biao, deputy director of the Life Insurance Department of the CBIRC.
Taiwan's Ministry of Labour (MOL) has reacted to the death of two delivery drivers from Uber Eats and Foodpanda in traffic accidents by telling food delivery companies they must compulsorily insure their delivery drivers during working hours, reported the Central News Agency. This will require these companies to purchase both personal insurance and non-life insurance for their drivers.
The condition of the Great Barrier Reef in Australia is so dire it should be insured for its economic value, according to a new report 'Great Barrier Reef Queensland, Australia.'
The level of concern about climate change is perhaps the highest in China and the least in the United States with Europe in-between.
The European Banking Authority (EBA) published its final Guidelines on ICT and security risk management. These Guidelines establish requirements for credit institutions, investment firms and payment service providers (PSPs) on the mitigation and management of their information and communication technology (ICT) and security risks and aim to ensure a consistent and robust approach across the EU market.