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Global tag returned 2143 results

  • Takaful: Shariah compliance sustains franchise strength

    The takaful model carries considerable franchise risk, as takaful insurers are exposed to franchise reputation and going-concern risk in the event of non-compliance with Shariah law, says Moody's Investors Service in a report entitled "Characteristics of takaful insurers".

    Middle East | 24 Feb 2021
  • Cyber risks to industrial control systems

    Internet of things (IoT) devices are posing an increasingly high risk of cyber attack to industrial and manufacturing businesses according to a new report released by Lloyd's in partnership with cyber analytics firm CyberCube and reinsurance broker Guy Carpenter.

    AIRPlus | 24 Feb 2021
  • Progress towards a more inclusive culture

    Lloyd's has announced the results of its 2020 annual culture survey, which is designed to track the market's collective progress towards a more inclusive environment and identify areas that need specific attention and action to drive culture change.

    Asia Risk | 24 Feb 2021
  • A new reputational crisis solution launched

    Willis Towers Watson and Liberty Specialty Markets have together launched Reputational Crisis Insurance - a new solution that enables organisations to transfer the financial risk associated with certain types of reputational crises in addition to providing access to a range of non-insurance capabilities.

    Asia Risk | 24 Feb 2021
  • Most executives expect to spend more on cybersecurity risk management

    Most IT executives are quite satisfied with the way their organisation manages cybersecurity risk, but nonetheless expect renewed investment this year (2021) according to a new survey report from access management company OneLogin.

    Asia Risk | 24 Feb 2021
  • Insurers well-equipped to cope with climate change challenge

    Fitch Ratings considers climate change and its impact on natural catastrophe losses to be one of the most important environmental, social, governance (ESG) risks for non-life and composite insurers, and reinsurers. Nevertheless, climate change has a minimal impact on most insurance ratings within Fitch's portfolio.

    Asia Risk | 24 Feb 2021
  • Global: Takaful sector's annual gross written contribution to more than double by 2024

    What is the potential of the global takaful sector? What is the annual gross written contribution of the takaful market in 2020, and what is the projection in the next three years?

    Agents | 23 Feb 2021
  • How life insurers can transform into a new-age digital hybrid sales distribution model post COVID-19 - Max Life Insurance Deputy MD

    With the COVID-19 outbreak, life insurers across the globe have witnessed an acceleration of a digitally enabled model of distribution. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how life insurers can transform into a new-age digital hybrid sales distribution model post COVID-19.

    Agents | 22 Feb 2021
  • Global: Swiss Re dragged into red ink by COVID-19-related claims and reserves

    Swiss Re has reported a Group net loss of $878m for 2020. Excluding $3.9bn of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re's net income was $2.2bn, a material increase from $727m in 2019, the global reinsurance giant says in a statement.

    Asia | 22 Feb 2021
  • Global: Insurers' rankings affected by M&As

    Acquisitions and divestitures were key factors in changes to AM Best's annual rankings of the world's top 25 insurers, as divestitures led to the biggest ranking change by non-banking assets and acquisitions played a role in the ranking by net premiums written.

    Asia | 19 Feb 2021

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