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Liability tag returned 77 results

  • Can reputation be effectively measured and insured?

    Reputation is a complex risk for insurers to quantify and insure given that it is intangible and often a by-product of another risk. In order for it to be underwritten, both (re)insurers and corporates would need a good understanding of the company's network of customers, partners, suppliers, peers and investors. That is according to a research paper produced by analytics company Russell, which deliberated on how reputation could be computed and insured.

    AIRPlus | 07 Nov 2019
  • Australia: Non-life insurers work to improve PI insurance in building sector

    The Insurance Council of Australia (ICA) is working with governments to improve conditions in the professional indemnity insurance (PII) market in the construction industry and restore insurers' confidence in the building sector, but expects that a cladding exclusion may be required beyond the currently prescribed date.

    Asia | 07 Nov 2019
  • Saudi Arabia: Construction insurance policy to be introduced on 20 Dec

    The Ministry of Municipal and Rural Affairs will start activating on 20 December the insurance policy for buildings under construction, according to Mr Khalid bin Mohammed Al-Jammaz, the Undersecretary in charge of technical affairs.

    Middle East | 27 Oct 2019
  • China: First online shipping insurance trading platform launched

    China's first online shipping insurance trading platform was launched on 18 October in Nansha in the southern metropolis of Guangzhou.

    Asia | 23 Oct 2019
  • Egypt: Compulsory insurance aims to address lack of awareness

    The insurance market in Egypt has suffered for a long time from the lack of insurance awareness among individuals, so it contributes a small percentage to the GDP of about 1.1%. The Insurance Federation of Egypt aims to increase this percentage to 3% during the next three years, Mr Alaa El-Zoheiry, chairman of the federation, says.

    Middle East | 20 Oct 2019
  • More specialised insurers expected to appear in Chinese market

    Several investors have in recent months submitted applications for licences to establish specialised insurance companies.

    China | 18 Oct 2019
  • Malware Smominru still active, infects 4,700 PCs a day

    Malware Smominru, whose incidence was first reported in 2017, continues to infect computers in a big way. The fact that infected 4,700 computers a day shows how fast it is spreading according to cyber security experts at Kaspersky,

    Asia Risk | 16 Oct 2019
  • Egypt: Investor protection fund approves insurance coverage for listed firms

    The Investor Protection Fund (IPF) will for the first time offer insurance coverage to investors to hedge against non-commercial risks arising from the activities of companies listed on the Egyptian Exchange (EGX), according to Mr Mohamed Omran, executive chairperson of the Financial Regulatory Authority (FRA). This move follows a reorganisation of the IPF.

    Middle East | 13 Oct 2019
  • New Zealand: Food safety risks rising

    Delta Insurance, New Zealand's largest locally owned insurer, has seen an alarming increase in the risks for food producers, most glaringly reflected in a leap in the number of food recalls per capita out of the country that was significantly higher than in Australia.

    Asia | 08 Oct 2019
  • Morocco: Govt works on compulsory health and pension schemes for professionals

    The government has approved a decree setting out a list of professions in the healthcare field, which will be covered in the first phase of the compulsory basic health insurance scheme and which will be included in a pension system for professionals, the self employed and non-wage earning individuals working in the private sector.

    Middle East | 03 Sep 2019

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