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Liability tag returned 73 results

  • 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
  • Australia: Laws for institutional sexual abuse claims are 'inconsistent', says conference speaker

    Since the outcome of the Royal Commission into Institutional Responses to Child Sexual Abuse, laws in Australia to compensate victims have changed dramatically. The introduction of a national redress scheme (NRS) have made it easier for most insurance claimants to receive some compensation in the form of a recognition payment according to Carroll & O'Dea special counsel Bill Madden who will be addressing this issue at the Australian Insurance Law Association's (AILA) national conference later this year.

    Asia | 29 Aug 2019
  • Total cost of risk up by 2% in 2018 due to rising insurance rates

    Businesses and organisations paid nearly 2% more in 2018 than they did in 2017 to cover the total cost of risk (TCOR), according to the 2019 Risk and Insurance Management Society (RIMS) benchmark survey.

    Asia Risk | 21 Aug 2019
  • Australia: Rising defamation damages could shrink insurance capacity

    An explosion of damages awarded in defamation cases in Australia could see insurance capacity shrink. There is already anecdotal evidence of reduced insurance capacity and availability. According to Victorian Bar Queen's Counsel David Gilbertson this means higher premiums are 'inevitable'.

    Asia | 15 Aug 2019
  • New Zealand: Govt plans huge hike in oil spill insurance coverage

    Offshore oil and gas operators will be required to hold higher levels of insurance to ensure they can cover the cost of an oil spill under proposed new rules announced lsat week by Associate Minister for Transport Julie Anne Genter.

    Asia | 24 Jun 2019

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