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  • Extensive evidence of second-hand trauma amongst claims handlers

    A new report by New Generation Programme Claims group of Chartered Insurance Institute (CII) explores the second-hand trauma experienced by professionals in the insurance industry when handling distressing claims.

    Asia Risk | 28 Feb 2024
  • Only half of the firms retrieve data after ransomware payments

    Around 84% of the respondents in a new cyber survey paid ransom to cyber attackers but only 47% of these retrieved their data and had their services uncorrupted according to a new survey by the US based cyber security company Cybereason.

    Asia Risk | 28 Feb 2024
  • Risk management frameworks vital to mitigate AI risks

    Responsible AI policies and risk management frameworks will be critical to navigating the complex technical and compliance challenges of AI according to the Federation of European Risk Management Associations (Ferma).

    Asia Risk | 28 Feb 2024
  • Australia: NSW launches first state disaster mitigation plan

    The government of New South Wales (NSW) in Australia will now have its first-ever State Disaster Mitigation Plan (SDMP).

    Asia Risk | 28 Feb 2024
  • New European AI law to impact insurance

    The insurance and banking sectors will be required to carry out an impact assessment to ensure their use and development of AI protects the fundamental rights across Europe.

    Asia Risk | 28 Feb 2024
  • Munich Re's profit for 2023 drops, affected by high 2022 net results

    Munich Re posted a profit of EUR4,597m ($4,988m) in 2023, 13.4% lower than the EUR5,309m reported for 2022, says the global reinsurance giant in statements released yesterday. In the 2023 financial year, Munich Re's return on equity (RoE) amounted to 15.7% (2022: 20.2%).

    Asia | 28 Feb 2024
  • As cyber threats rise, financial firms need better safeguards

    Cyber security is a threat to financial stability and regulators and supervisors must act now to strengthen the prudential framework according to a recent survey of 51 countries by International Monetary Fund (IMF).

    Asia Risk | 21 Feb 2024
  • Clarity needed for businesses to achieve greenhouse gas mitigation

    Despite efforts to mitigate the effects of climate change, companies are not set up for success due to conflicting national and sectorial targets and differing availability of abatement options according to a new study.

    Asia Risk | 21 Feb 2024
  • Cyber risk predictions for 2024

    While as anticipated, fraudulent instruction incidents were down 15% for the year 2023, however, business email compromise (BEC) was up 18% year over year across industries, returning to levels seen in 2020 and 2021 according to a new report on cyber trends for 2024 by specialty insurer Beazley.

    Asia Risk | 21 Feb 2024
  • Heatwaves milder but deadlier in long term

    The most extreme heatwaves have the greatest short-term impact on mortality, but it is the mildest ones that claim most victims over time because they are more common according to a study conducted in India.

    Asia Risk | 21 Feb 2024


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