Fraud is becoming an increasing concern as most of the staff of majority of organisations are working remotely due to the social distancing and national lock-downs imposed due to coronavirus pandemic.
A positive fallout of the coronavirus pandemic has been the rise in the stature of the chief risk officers. With businesses facing a wide range of threats and challenges to their operations, risk officers are now working with executives and boards of directors to respond to these challenges and threats.
A new report Navigating Together: Supporting Employee Well-Being in Uncertain Times by MetLife says 67% of employees are experiencing higher levels of stress due to COVID-19 and work and finance are their biggest concerns.
According to a study conducted by YouGov and ACI Worldwide, nearly half of Indian consumers are more worried about frauds while making digital transactions amid the coronavirus crisis and about 28% of consumers are now exercising more caution while making payments using various digital modes.
The global economy could suffer between $5.8tn and $8.8tn in losses-equivalent to 6.4% to 9.7% of global gross domestic product (GDP)-as a result of the coronavirus pandemic.
Zurich-headquartered insurance industry think tank Geneva Association has conferred its first annual 'Women in Insurance Award' to AXA Emerging Customers CEO Garance Wattez-Richard for her work in tackling the insurance protection gap in emerging markets and protecting underserved populations.
HDI Global SE, Labuan has announced the appointment of T. Sivapalan Tharmapalan as marketing director based in Kuala Lumpur.
Pana Harrison (Asia) has revealed that the Monetary Authority of Singapore (MAS) has approved Mitsui & Co's investment in Pana Harrison. Mitsui is effectively an equity shareholder of Pana Harrison on completion of the transaction.
Senior insurance industry figure Harry Harmain Diah has passed away, after 40 years of service in the insurance industry.
Beazley has promoted of Razif Abdullah to assistant underwriter, within its international financial lines (IFL) team in Asia Pacific.