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  • Australia: Increasing socially-engineered cyber attacks demands greater protection

    The first quarter of 2019 saw a 17% increase in cyber criminals using impersonation in phishing attacks primarily by imitating well-known brands, revealed new research from cyber security company FireEye which analysed 1.3bn phishing emails. This has stressed the need for organisations to engage in better training and education as well as insurance as a last line of defence.

    Asia | 15 Jul 2019
  • Global: The Future at Lloyd's blueprint set for release on 30 Sep

    Lloyd's, the world's leading insurance and reinsurance marketplace, is beginning to build a blueprint for its Future at Lloyd's strategy as a consultation exercise, that started on 1 May, on proposals for transforming the marketplace draws to a close.

    Asia | 12 Jul 2019
  • Reinsurer suspends IPO of its subsidiary due to market conditions

    Swiss Re has announced the suspension of its previously communicated plans for an initial public offering (IPO) of its subsidiary, ReAssure. According to the reinsurer, this action is in response to the heightened caution and weaker underlying demand in the UK primary market from large institutional investors.

    Asia | 11 Jul 2019
  • Equipment breakdown responsible for 28% of all 2018 property-related losses for insurer

    According to an analysis of large risk losses reported in 2018 to FM Global, 28% of the commercial property insurer's losses across all industries were the result of equipment breakdown. Large risk losses are those over $3m that do not include natural hazard loss.

    Asia | 11 Jul 2019
  • Asian economic powerhouses incur heavy Nat CAT losses in June: Report

    China and India were struck badly by Nat CAT losses last month, according to the latest edition of Aon's monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during June 2019. While the seasonal flood toll in China was listed at $6.1bn, nationwide year-to-date drought losses in India increased to approximately $1.75bn.

    Asia | 11 Jul 2019
  • Perceptions about climate change play a significant role

    A World Bank study 'Co-Location, Socioeconomic Status and Perceptions of Environmental Change in the Indian Sundarbans' says that perceptions about environmental risks among elite households vary significantly more than perceptions among non-elite households which could affect the response to climate change.

    Asia Risk | 10 Jul 2019
  • Moody's and Team8 set up a joint venture for global standard for cyber risks

    Moody's Corporation and Team8, a leading cyber security think tank and company creation platform, have announced the formation of a joint venture to establish a global standard for evaluating and assessing cyber risk for enterprises.

    Asia Risk | 10 Jul 2019
  • Global broker network expands presence in Asia

    Brokerslink has strengthened its presence in Asia after South Korean LK Insurance Services and Malaysia-based State Insurance Services joined the broking network as affiliates this week. It now has a total of three new Asian affiliates with Singapore-headquartered John Foord joining in March of this year. This is said to have boosted its capabilities and access to local expertise within the region.

    Asia | 09 Jul 2019
  • New IFRS17 solution to 'bridge gap between risk and finance'

    As the deadline for the new international financial reporting standard (IFRS) rapidly approaches, Aon has introduced a new IFRS17 solution on its ReMetrica capital modelling platform for insurers. This will help them manage the increased volume of data and complexity of calculation required for IFRS17.

    Asia | 09 Jul 2019
  • Skyrocketing premiums could lead to a 'climate apartheid'

    Global Insurance Law Connect (GILC) last week launched its first annual Risk Radar which pulls together themes from across the network that insurers should have in their sights.

    AIRPlus | 09 Jul 2019

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