The launch of the Risk Frontiers Asia 2017 survey

The launch of the Risk Frontiers Asia 2017 survey

The launch of the Risk Frontiers Asia 2017 survey

In 2016 we launched the inaugural Risk Frontiers Asia Survey. During the course of the year we interviewed more than 50 risk managers across the region and in a variety of industry sectors. We asked them for their views on risk management and insurance – from the top three risks that keep them awake at night to the one insurance…

Corporate whistleblowers call for protection and compensation

Corporate whistleblowers call for protection and compensation

Corporate whistleblowers call for protection and compensation

Protection for corporate whistleblowers is on the increase. For example, China and India have recently followed the US lead in enacting legislation. Despite enhanced rewards and protections, whistleblowing laws also pose significant risks and corporates, their risk managers and their insurers will need to be aware of the changing legal landscape in all of the territories where they operate. In…

Managing a product recall in Hong Kong

Managing a product recall in Hong Kong

Managing a product recall in Hong Kong

As the recent Samsung and VW product recall issues have shown, the consequences of a recall can be globally significant. Often, the need for product recall insurance is not recognised until after a company has suffered a recall. The reputational damage that can be incurred, combined with the ever-growing complexity of supply chains and the new exposures created by technology,…

Risk in spotlight for Chinese regulators

Risk in spotlight for Chinese regulators

Risk in spotlight for Chinese regulators

China has been undergoing significant legal and regulatory reform in the (re)insurance sector for some time and this is set to continue into 2017.  The China Insurance Regulatory Commission (CIRC) first announced plans to implement a new solvency regime in March 2012. After several years of consultation and testing, the CIRC published the China Risk Oriented Solvency System (C-ROSS) rules in…

Dispute resolution challenges in Indonesia

Dispute resolution challenges in Indonesia

Dispute resolution challenges in Indonesia

Despite already being one of the largest economies in the Asia-Pacific region, the Indonesian economy is poised to undergo significant expansion during the coming years. By 2030, it is expected to be the seventh largest economy in the world, its middle class will more than triple, and its skilled workers will more than double. Against this background, it is unsurprising that Indonesia’s foreign investment laws are expanding and modernising at a rapid pace.

The UK Insurance Act: Will it make insurance harder to place?

The UK Insurance Act: Will it make insurance harder to place?

The UK Insurance Act: Will it make insurance harder to place?

The Insurance Act 2015 shakes up insurance law in the UK. While the Marine Insurance Act 1906 (on which many common law countries in the Asia-Pacific region originally based their insurance law) has not been repealed, risk managers in the region should be aware that the new Act will apply to all (re)insurance contracts written on or after 12 August 2016, which are governed by English law.

And what a year it has been…

And what a year it has been…

And what a year it has been…

This month, we publish our first Risk Frontiers Asia survey, in partnership with Generali and Parima. The research is a comprehensive study of the latest developments in risk and insurance management. The release of our report also marks the one-year anniversary of our publication. It was 12 months ago that we launched at the Parima annual conference in Singapore, so it is fitting that the report is published at this year’s Parima gathering in Hong Kong.

Think of the children

Think of the children

Think of the children

In County Clare, Ireland there is a place called Lisdoonvarna, which every year holds a match-making festival. The event, which has run for 150 years, was originally designed to help single farmers with limited social skills but acres of land, to find a wife. Both the Irish government and the Catholic church were keen to see these landed singletons married off and starting a family.