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  • Pandemic flags insurers' ERM frameworks

    The coronavirus pandemic has highlighted the need for insurers to review their enterprise risk management (ERM) frameworks and guard against complacency. In a new report the ratings company AM Best has said that enterprise risk management has evolved rapidly over the past decade but COVID-19 has shown the weaknesses that exist in the identification, measurement and management of risk.

    Asia Risk | 30 Sep 2020
  • Finance employees deemed least trustworthy

    Employees working in the financial services sector are 30% less trustworthy than colleagues in other sectors according to researchers at the University of Cologne in Germany.

    Asia Risk | 30 Sep 2020
  • Cyberattacks will surge due to the pandemic

    The overall level of cyberattacks will increase as a result of the COVID pandemic according to a new survey. Willis Re's 2020 Cyber Risk Outlook survey has revealed that 86% of the participating risk professionals believe frequency of cyberattacks will increase and 54% believe their severity will rise.

    Asia Risk | 30 Sep 2020
  • Demand for cyber reinsurance is on the rise

    Demand for cyber reinsurance across the range of structures available in the market is increasing in 2020 according to the latest annual cyber insurance market survey by Partner Re.

    Asia Risk | 30 Sep 2020
  • US: Allianz sued for alleged investment mismanagement

    Pension funds for truckers, teachers and subway workers have lodged lawsuits in the US against Allianz for allegedly failing to safeguard their investments during the coronavirus market meltdown.

    Asia | 29 Sep 2020
  • UK: Government finds insurers 'disappointing'

    The UK government has criticised as 'disappointing' the approach by a number of insurers in deducting the impact of government grants from COVID-19 claims payments.

    Asia | 29 Sep 2020
  • What insurers can learn from China's continuing COVID-19 recovery - McKinsey

    COVID-19 has turned the world upside down, with the global economy going into reverse and countries shutting down across the world. China was the first country to shut down and is one of the first to reopen. Today, many industries, including insurance, are watching closely to see what happens as China progresses through its economic recovery. Arthur Bi and David Schiff, Partners at McKinsey, share their insights in this article.

    Agents | 29 Sep 2020
  • Global: SCOR seen as well placed to gain from pricing upturn

    With its internationally recognised franchise, SCOR is well-positioned to benefit from improving property/casualty reinsurance market conditions and positive pricing momentum, says AM Best.

    Asia | 29 Sep 2020
  • Germany: Film producers back on sets with insurance support

    Germany has launched a EUR50m ($58m) insurance fund for the country's film makers. It is part of the government's EUR1bn Restart Cultural programme.

    Asia | 28 Sep 2020
  • Fintech 360F accelerates digital transformation for insurers in the Middle East

    360F, top three InsurTech of the Year at the 5th Asia Trusted Life Agents & Advisers Awards, has entered the Middle East with a pipeline of projects and an anchor client, Zurich Insurance.

    Agents | 24 Sep 2020

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