An introduction to China’s new cyber security law

An introduction to China’s new cyber security law

An introduction to China’s new cyber security law

On 7 November 2016, the Cybersecurity Law of the People’s Republic of China was enacted and widely heralded as the first comprehensive law dealing specifically and exclusively with cybersecurity issues in China. The law, which will take effect from 1 June 2017, was passed to promote two key objectives: 1) protect the state against cybersecurity attacks; and 2) protect the…

Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

Advertorial: What’s a steering wheel?

In the past few months: a self-driving pod developed by Oxbotica made its debut in Milton Keynes, England; a self-driving truck delivered a load of beer in Colorado; autonomous buses took to the streets in several cities including Lyon in France, Sion in Switzerland and Dubai; and self-driving taxis were introduced in Singapore. For many people, seeing or riding in…

Cyber preparedness and response

Cyber preparedness and response

Cyber preparedness and response

Cyber is a word you no doubt read every day, such is the concern around the ever-growing and evolving problem of cyber security. The UK government’s annual Information Security Breaches Survey for 2016 states that 65% of large firms detected a cyber security breach or attack in the past year, with 25% of these experiencing a breach at least once…

United Airlines reels from reputation hit

United Airlines reels from reputation hit

United Airlines reels from reputation hit

If the future of United Airlines’ chief executive, Oscar Munoz, is not yet decided, his company’s name seems destined to enter the enterprise risk specialist’s hall of infamy. The airline’s reputation, and share price, has been roundly trashed since an innocent passenger, Dr David Dao, was filmed being dragged off an overbooked flight by security at Chicago O’Hare airport. The…

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…

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.