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Risk Management tag returned 1194 results

  • Saudi Arabia: Several insurers announce corporate actions

    A number of local insurance companies have in recent days announced proposed mergers among themselves or the reduction of capital to write off accumulated losses.

    Middle East | 23 Jan 2020
  • Australia: Recent hailstorms cause at least A$320m losses

    Earlier this week, bushfire-ravaged Australia was struck by yet another Nat CAT - hailstorms - which resulted in estimated losses of at least A$320m ($218.9m) and over 20,000 insurance claims according to the Insurance Council of Australia (ICA).

    Asia | 22 Jan 2020
  • Turkey: Macroeconomics overtake Nat CAT as top risk to businesses

    Allianz Global Corporate & Specialty (AGCS) has published its 2020 business risk barometer, ranking the risks that businesses around the world, including Turkey, see to be the biggest to their operations over the next 12 months.

    Middle East | 22 Jan 2020
  • Business interruption and natural catastrophes remain top risks amongst China companies - Allianz

    For the third consecutive year, Business Interruption (30% of responses) ranks as the most important business risk for Chinese companies in the ninth Allianz Risk Barometer 2020. Natural catastrophes remain at (#2 with 26% of responses) while rounding up the top three is cyber incidents and market developments tied at the third spot (24% of responses.) The annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) incorporates the views of a record 2,718 experts in over 100 countries including CEOs, risk managers, brokers and insurance experts.

    Asia Risk | 22 Jan 2020
  • Philippines remains wary of deadly Taal volcano eruption

    The Philippines maintained its second-highest alert for Taal on Sunday (19 January) as the deadly volcano continued to generate weak explosions and earthquakes a week after it started emitting ash and steam.

    Asia Risk | 22 Jan 2020
  • North P&I Club launches new cybersecurity initiative

    North P&I Club has launched a new initiative to help its members better understand their vulnerabilities to cyber risk and improve their cybersecurity ahead of the International Maritime Organisation's (IMO) January 2021 deadline for safety compliance. As part of the initiative, North has partnered with HudsonCyber to offer its members access to the HACyberLogix platform.

    Asia Risk | 22 Jan 2020
  • Activists commend insurers for 'going cold on coal'

    Four global (re)insurers were featured among the top brands most praised by NGOs due to their pledges on carbon divestments. They were the only firms from the financial sector to be featured in the top ten, in a list compiled by global research and strategy consultancy SIGWATCH.

    Asia | 20 Jan 2020
  • Indonesia: Insurance Board endorses tighter risk management of insurers

    The National Insurance Board (Dewan Asuransi Indonesia or DAI) has agreed with steps taken by the Financial Services Authority (OJK) to tighten supervision of risk management in the insurance sector.

    Asia | 20 Jan 2020
  • China: Insurance sector risks seen as manageable

    The risks of China's banking and insurance institutions are generally manageable, said a CBIRC official at a press conference earlier this week.

    Asia | 17 Jan 2020
  • Environmental risks dominates top 5 concerns in WEF survey

    For the first time in the World Economic Forum's Global Risks Report survey's 10-year history, environmental risks took the top five spots. Over 750 global experts and decision-makers were asked to rank their biggest concerns in terms of likelihood and impact and 78% said they expect "economic confrontations" and "domestic political polarization" to rise in 2020.

    AIRPlus | 16 Jan 2020

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