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Global tag returned 2015 results

  • Action needed to spur British government-backed pandemic insurance

    A proposal to create a government-backed pandemic insurance scheme Pandemic Re in Britain has got bogged down in complexity and action is needed to drive it forward.

    Asia | 27 Nov 2020
  • Insurance business adapted well to the pandemic

    Insurance companies have responded remarkably well to the pandemic and the consequential enforced lockdown with barely a blip. The final implications of COVID-19 for the insurance industry are, however, still unknown and will probably be for quite a while as a second wave of cases hits Europe.

    Asia | 27 Nov 2020
  • UK: Insurance professionals do not feel government can be insurer of last resort

    It is not economically sustainable for the government to continue to step in as an insurer of last resort according to a majority of insurance professionals participating in a survey conducted by the Chartered Insurance Institute (CII).

    Asia | 27 Nov 2020
  • COVID-19 vaccine lowers tail risk for insurers amid steep curve towards economic recovery

    The discovery of a COVID-19 vaccine would help lower the long-tail risk facing insurers, although the path towards economic recovery remains long and steep, said Swiss Re chief economist Jerome Haegeli.

    AIRPlus | 26 Nov 2020
  • Pandemic accelerates protectionist trends, increases political risk

    The global economic landscape will continue to evolve towards a tripolar system with the US, China and the European Union as its pillars, a result of both a hardening of attitudes during COVID-19 and a compounding of existing trends, according to a new report from Moody's Investors Service. This shift poses widespread ramifications and negative credit effects across countries, sectors and industries.

    AIRPlus | 26 Nov 2020
  • Insurtech Blink launches non-damage business interruption parametric solution

    More than three-fourths of US businesses are underinsured by 40% or more and 44% of small and medium enterprises (SMEs) in the US have never been insured according to a study. In the event of a catastrophe, such enterprises and organisations either go out of business completely or suffer huge financial losses.

    AIRPlus | 25 Nov 2020
  • Operational technology is vulnerable to cyber attacks

    More than half of manufacturers participating in a new security survey have expressed concern over the security of their operational technology (OT) systems. The new survey conducted by TrapX Security in partnership with the Enterprise Strategy Group (ESG) has revealed that 53% of organisations feel their OT is vulnerable to cyber attacks.

    Asia Risk | 25 Nov 2020
  • PARIMA 2020 - Need for greater resilience say Asia-Pacific risk managers

    The COVID-19 pandemic has shifted conversations in board rooms towards becoming more vigilant against long-term risks, while also prompting urgency in digital transformation efforts.

    Asia Risk | 25 Nov 2020
  • State-sponsored cyber attacks one of the biggest threats in 2021

    Cyber security experts are increasingly concerned about nation-state sponsored cyber-attacks, according to the 2020 CrowdStrike Global Security Attitude Survey.

    Asia Risk | 25 Nov 2020
  • Cyber criminals could use AI to launch attacks

    Cyber criminals have the ability to leverage artificial intelligence (AI) both as an attack vector and an attack surface to support social engineering attacks at scale, evade image recognition and voice biometrics and launch ransomware attacks through intelligent targeting and evasion, according to a new report from European Union's law enforcement agency Europol.

    Asia Risk | 25 Nov 2020

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