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Terrorism tag returned 56 results

  • Sri Lanka: Terror victims wait for pending insurance pay-outs

    Following the terror attacks in Sri Lanka in April which killed at least 290 people and left more than 500 injured, insurance claimants affected by the attacks are still waiting for pay-outs. According to a report from Times Online, the Ceylon Teachers Union (CTU) alleged that students affected by the attacks are yet to receive their pay-outs from the 'Surakasha Students Insurance Scheme'.

    Asia | 12 Jul 2019
  • Pakistan: Government-issued insurance card covers health expenses for the poor

    The newly-created 'Poverty Alleviation and Social Protection Division' of the Pakistan government has introduced a health insurance card in 38 districts to date, reported Pakistan Point News. The card aims to help 3.3m low-income Pakistanis with their medical expenses.

    Asia | 12 Jul 2019
  • Australia: Treasury recognises effective management of terrorism reinsurance scheme

    Australian Reinsurance Pool Corporation (ARPC) chief executive Dr Christopher Wallace has welcomed the performance audit report from Australian National Audit Office (ANAO) following its review of ARPC. The review concluded that ARPC is effective in managing the terrorism reinsurance scheme and that governance arrangements allow effective oversight and management of the scheme.

    Asia | 01 Jul 2019
  • Australia: Reinsurance pool commissions study on impact of cyber terrorism

    The government-run Australian Reinsurance Pool Corporation (ARPC) has commissioned a 12-month research study into the nature and cost of physical damage to commercial property (including business interruption) caused by acts of cyber terrorism, says the Auditor General in a report following a performance audit of ARPC.

    Asia | 26 Jun 2019
  • MENA: Peace improves in 2018 in the region

    Peace in the Middle East & North Africa, the world's least peaceful region, improved marginally last year, based on improvements in 11 countries, according to the 2019 Global Peace Index (GPI).

    Middle East | 17 Jun 2019
  • Argenta Underwriting Asia expands Singapore Team with hire of Simon Wilmot-Smith

    Argenta Underwriting Asia has strengthened its underwriting team in the Asia Pacific region with the appointment of Mr Simon Wilmot-Smith, who has joined its Singapore-based team to write a political violence and terrorism account. Mr Wilmot-Smith, who has many years' experience working in the Lloyd's market including the last 12 years in the Asia Pacific region, will report to AUA's principal underwriter in Singapore, Mr Scott Sykes.

    People | 14 Jun 2019
  • MENA: Terrorism risks decline but remain complex

    Terrorism risks across the Middle East and North Africa (MENA) have decreased in line with the collapse of Islamic State. However, risks persist to the energy sector, particularly oil and natural gas facilities, says Marsh, the world's leading insurance broker and risk adviser.

    Middle East | 26 May 2019
  • Terrorism: Insurance markets adapt to meet changes in business needs

    Insurers are adapting to new terrorism attack methodologies in order to protect properties, employees, and balance sheets, as terrorism risk has evolved in recent years, says Marsh, the world's leading insurance broker and risk adviser.

    Asia | 24 May 2019
  • Saudi Arabia: Insurance mart wary following attacks on oil transport assets

    Attacks in recent days on Saudi Arabian oil tankers and pipelines are set to increase the cost of insuring and securing crude shipments in the Persian Gulf region, added expenses that will likely lead to higher oil prices, industry executives have told The Wall Street Journal.

    Middle East | 16 May 2019
  • Sri Lanka: Travel insurance to drive tourism after bombings

    Following the Easter Sunday attacks in Sri Lanka last month, tourism took a massive hit with estimated losses amounting to $1.5bn and a significant number of travel advisories issued against visiting the country. Seeking to attract tourists once again, tourism minister John Amaratunga said that the government is planning a travel insurance for tourists and will work out the quantum, reported local publication EconomyNext. He also said that the industry has suggested $100,000 to $150,000 of cover for the insurance which has already received cabinet approval.

    Asia | 09 May 2019

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