AXA XL Insurance has announced appointments for its Asia & Europe Business Unit, following the implementation of its new insurance operating model in October.
The General Insurance Association of Malaysia (PIAM) has announced the appointment of Julie Lean Gim Chong as the CEO designate. There will be a phased handover transition until she takes over the duties of the current CEO Mark Lim Kian Wei on 15 November 2020. Mr Lim will relinquish his post as CEO with effect from 15 November and take on an advisory role until his retirement in mid-January 2021.
Tune Protect Group has announced the appointment of Rohit Chandrasekharan Nambiar as its group GCE. He takes over the helm from Khoo Ai Lin who resigned on 31 July 2020.
Etiqa Insurance Singapore has announced the appointment of Ong Eng Siew Raymond as its new CEO. He will report to Maybank Ageas Holdings CEO Kamaludin Ahmad, the holding company of Etiqa Singapore.
New technologies represented by big data, cloud computing, blockchain, and AI applications are quietly changing the mode of operations in the insurance industry, reshaping the industry's ecology, and driving business changes.
Lloyd's of London has published a new report to help city administrators and risk managers, as well as Lloyd's market insurers and brokers, understand the risks that will influence the design and function of cities in the coming decades.
Unemployment is the main concern for business executives globally, followed by infectious diseases that jumped 28 spots to emerge as the second-most recurring risk, according to the World Economic Forum's (WEF) interactive map on 'Regional Risks for Doing Business 2020'.
Beazley Insurance has launched a cyber and breach portal containing an all-encompassing set of resources designed to help broker partners and policyholders stay informed and educated about the constantly evolving cyber risk landscape.
For almost 60% of mid-sized businesses, crisis management remains a top unmet need in terms of reducing risk exposure. More than a third of the businesses participating in a new study, feel that the rising insurance protection rates further compound their problems.
Changes in the way businesses operate during the pandemic is increasing their cyber risks. New research conducted by risk management specialist company Gallagher has found that over half (54%) of executives interviewed said their organisation had been subject to an increased number of cyber attacks as a result of COVID-19. Around a third (30%) said that cyber crime has now become one of their biggest concerns.