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Business Interruption tag returned 136 results

  • Supply chains remain vulnerable to geopolitical risks

    While energy transition requires a dramatic increase in the supply of critical materials, their supply chains remain vulnerable to a range of geopolitical risks according to a new report by the International Renewable Energy Agency (IRENA).

    Asia Risk | 13 Sep 2023
  • Asia: Business interruption is the top risk for technology sector

    The risk of contingent business interruption has overtaken the risk of cyber security as the top risk for technology sector in Asia according to a new survey conducted by global (re)insurance broker Marsh.

    Asia Risk | 23 Aug 2023
  • Hybrid working a threat to London insurance market

    A new report by the Chartered Insurance Institute (CII) exploring the threat of hybrid working on London insurance market says that as hybrid working is here to stay, companies must address the associated risks to their organisation, principally the potential for erosion of talent pools from the bottom up.

    Asia Risk | 14 Jun 2023
  • South Africa: Insurers withdraw coverage for power failures

    The sharp increase in rolling power outages in South Africa has led to soaring claims for power-related damage, with several insurers announcing that they are withdrawing coverage for electricity grid failures.

    Africa | 13 Feb 2023
  • Egypt: Insurers encouraged to develop business continuity plans

    The Insurance Federation of Egypt has called on insurance companies to develop appropriate strategic plans to ensure their continued operations in the event of any emergency circumstances.

    Middle East | 23 Jan 2023
  • Asia Pacific: Business interruption and cyber rank as top threats

    Business interruption and cyber incidents rank as the biggest risks in Asia Pacific this year, according to the latest Allianz Risk Barometer published yesterday.

    Asia | 18 Jan 2023
  • GCC: Late rush of claims expected to be litigated ahead of March limitation period

    The last flow of business interruption claims stemming from COVID-19-related lockdowns in the Gulf Cooperation Council region can be expected between now and the spring, according to Mr Wayne Jones, a partner based in global legal firm Clyde & Co's Dubai office, from where he heads up Clyde & Co's re/insurance team in the region.

    Middle East | 09 Jan 2023
  • Semiconductor shortage is the top supply chain risk of 2023

    One of the biggest supply chain risks of 2023 is the worsening of the global semiconductor shortage according to a new survey.

    Asia Risk | 04 Jan 2023
  • Australia: Insurers' risk self-assessment review reveals weaknesses

    The Australian Prudential Regulation Authority (APRA) has published the findings of its review into the robustness of the general insurance industry's approach to insurance risk management.

    Asia | 28 Oct 2022
  • Australia: High Court rejects special leave applications in COVID-related BI cases

    The High Court has refused applications by insurers for special leave to take their COVID-related business interruption cases to the highest legal venue in Australia, thus stopping attempts to raise key test cases about whether insurers have to pay out interruption claims for thousands of businesses devastated during COVID-19 lockdowns. The decision was announced on 14 October.

    Asia | 17 Oct 2022

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