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Business Interruption tag returned 123 results

  • Risks that worry mid-sized companies

    Financial, digital, business interruption and pandemic concerns top the list of macro risks for mid-sized company leaders.

    Asia Risk | 03 Aug 2022
  • South Africa: Legal uncertainty over insurers' interpretation of BI policies deemed significant misstep

    The lockdowns imposed because of the COVID-19 pandemic brought with them a series of new challenges to the non-life insurance sector and tested the provisions of business interruption (BI)insurance, according to South Africa Reserve Bank (SARB) governor, Mr Lesetja Kganyago.

    Africa | 01 Aug 2022
  • Australia: IAG turns around net financial results in FY2022

    Sydney-headquartered IAG, the largest general insurance company in Australia and New Zealand, has announced that its preliminary net profit after tax for the year ended 30 June 2022 (FY2022) stood at A$347m ($241m). This represented a turnaround in financial results given that the company posted an A$427m loss for FY2021.

    Asia | 27 Jul 2022
  • BI and economic slowdown are top risks in South Korea

    Aon's 2021 global risk management survey for South Korea listed business interruption and economic slowdown as the top risks that organisations faced in 2021.

    AIRPlus | 21 Jul 2022
  • MENA: Inflation aggravates Business Interruption risks

    Companies navigating global inflation are at risk of undervaluing or overvaluing their assets when assessing the impact of business interruption on their organisation - for those that get it wrong, the danger can be existential, according to Mr Christos Adamantiadis, CEO of Marsh Middle East and Africa.

    Middle East | 03 Jul 2022
  • Australia: Businesses should prepare better for unknown risks

    Many Australian businesses have yet to recover from the economic shocks of the pandemic, highlighting a general need to improve organisations' risk preparedness according to a new study by AI business company Dataminr.

    AIRPlus | 09 Jun 2022
  • Australia: Appeals filed against Full Court rulings in business interruption case

    The Insurance Council of Australia (ICA) notes that applications for special leave to the High Court of Australia have been filed by two policyholders and one insurer to appeal parts of the recent judgment of the Full Court of the Federal Court of Australia in the second business interruption insurance test case.

    Asia | 23 Mar 2022
  • Australia: Appeal decision in second business interruption case largely favours insurers

    The Full Court of the Federal Court yesterday announced its decision to substantially uphold an earlier Federal Court judgment delivered in October 2021 that said that insuring clauses in business interruption policies did not apply to pandemic coverage in nine of 10 cases.

    Asia | 22 Feb 2022
  • Business challenges and risk management for tech and life sciences companies

    A recent survey conducted by Chubb Insurance and not-for-profit risk management company TechAssure has highlighted how the COVID-19 pandemic has shaped the technology and life sciences clients' approach to major business challenges and risks.

    Asia Risk | 26 Jan 2022
  • India Virtual Rendezvous points to urgent need to bridge BI insurance gap

    The ongoing COVID-19 pandemic has exposed massive business interruption (BI) protection gaps, highlighting a fundamental mismatch between economic losses and insurers' risk-taking capacity, Dr Kai-Uwe Schanz, deputy managing director and head of research & foresight at The Geneva Association, said yesterday.

    Asia | 20 Jan 2022

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