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Risk Management tag returned 1204 results

  • Genome of Wuhan virus has been fully sequenced

    According to the National Center for Biotechnology Information in the US, the genome for the 2019 Novel Coronavirus (2019-nCoV), otherwise known as the Wuhan virus, has been fully sequenced. This sequencing only took 2 weeks since the discovery of the virus in late December last year, compared to the 3 months it took to sequence the 2003 SARS virus.

    Asia Risk | 29 Jan 2020
  • Recovery costs from ransomware attacks skyrocket

    Recovering from ransomware attacks is getting much more expensive for the victims of ransomware attacks. The average cost of recovery has doubled in the last quarter of 2019.

    Asia Risk | 29 Jan 2020
  • Australian insurers will be able to contend with mounting bushfire losses

    According to AM Best, the Australian insurers are well-capitalised and should be able to withstand losses from the recent bushfires, aided by support from reinsurance partners.

    Asia Risk | 29 Jan 2020
  • Singapore releases framework on ethical use of AI

    At the World Economic Forum in Davos on Tuesday, Singapore released a framework on how AI can be ethically and responsibly used, which businesses in the country and elsewhere can adopt as they grapple with issues that have emerged with new technology.

    Asia Risk | 29 Jan 2020
  • Australia: New accountability regime proposed

    The government has released a consultation paper seeking feedback on plans to extend the Banking Executive Accountability Regime (BEAR) to all Australian Prudential Regulation Authority (APRA) regulated entities, which include general, life and private health insurers.

    Asia | 29 Jan 2020
  • South Africa: 'Cyber incidents' heads Top 10 risks

    The cyber incident category has risen to become the top risk in South Africa this year, according to the latest business risk barometer published byAllianz Global Corporate & Specialty (AGCS). It displaces business interruption, which was ranked as the biggest risk in 2019.

    Africa | 27 Jan 2020
  • WHO emergency committee gives risk management recommendations on infectious coronavirus

    Several members of emergency committee convened by the WHO director-general to deal with the outbreak of novel coronavirus 2019 (called 2019-nCoV) in China have considered that it is still too early to declare a Public Health Emergency of International Concern (PHEIC), given its restrictive and binary nature.

    China | 24 Jan 2020
  • Anxious wait for end of Spring Festival to see extent of coronavirus outbreak

    China's economic stabilisation efforts could be at risk if the authorities fail to contain the outbreak of a new coronavirus, economists have warned.

    China | 24 Jan 2020
  • Rules for financial holding companies expected to shake up financial sector

    The final version of the regulation on financial holding companies is expected to be launched soon, after the Lunar New Year holidays, that is expected to reshape the structure and change the ecosystem of the Chinese financial sector, central bank officials say.

    China | 24 Jan 2020
  • Hong Kong: Political risks and violence head Top 10 risks

    Political risks and violence have shot to the top of the risk barometer for Hong Kong this year, displacing cyber incidents, according to a report by Allianz Global Corporate & Specialty (AGCS). In 2019, political risks and violence did not even rank among the top 10 risks in the territory.

    Asia | 24 Jan 2020

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