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Business Interruption tag returned 118 results

  • 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
  • Business interruption and cyber top risks in Aon survey

    The top risks facing the economy strongly reflect the current landscape, namely COVID-19 and its impact on organisations amidst a backdrop of challenging market conditions: Slower vaccine rollouts, delayed infrastructure projects and workforce shortages, according to an Aon report.

    Asia Risk | 08 Dec 2021
  • UK: The risks business faces

    The economy, worker shortages, Brexit, COVID-19 and reputational damage are the biggest risks to UK businesses according to Aviva Insurance's second risk report.

    AIRPlus | 26 Nov 2021
  • Top 10 risks - pandemic shines spotlight on interconnected risks

    Cyber attacks and data breaches rank first on the list of the top 10 risks in Aon's 2021 Global Risk Management Survey. Looking across the survey, the pandemic had a clear impact on the concerns facing the decision-makers that participated in the biennial survey.

    AIRPlus | 02 Nov 2021
  • Australia: APRA to release updated capital and reporting standards soon

    The Australian Prudential Regulatory Authority (APRA) expects to release updated capital and reporting standards in late 2021 for further consultation, with final standards due to come into effect in 2023.

    Asia | 25 Oct 2021
  • South Africa: Supreme Court rules against Santam in COVID-related BI case

    South Africa's Supreme Court of Appeal has ruled that the country's biggest short-term insurer Santam is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer's request for a shorter time frame on the claim, reported Reuters.

    Africa | 11 Oct 2021

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