Risk managers’ interest in mitigating the exposures in large infrastructure projects could be set to rise after the Asia Development Bank (ADB) warned that the emerging economies of Asia must double their spending on services ranging from transport to clean water and sanitation. The ADB’s report states that the 45 emerging economies of Asia must spend more than $26trn by…
Asia-Pacific remained the biggest contributor to supply chain risk in 2016 because of the region’s importance to global supply chains, according to latest analysis from Dun & Bradstreet, the US-based data and credit analysis firm. The firm notes that Asia-Pacific’s contribution to global risk fluctuated between 33.566 in the first quarter of last year and 33.168 in the final quarter. This compares…
The rise of populism in Europe, uncertainties around Brexit and US President Donald Trump’s protectionist policies are some of the main threats to the global economy in 2017, according to credit insurer Coface. However, the firm predicts improved global growth in 2017 and, for the first time since mid-2015, has awarded more country risk upgrades than downgrades. In a global…
Modern slavery is “rife” in 58% of 198 countries studied for a new global ranking by Verisk Maplecroft with China and India amongst 25 economies posing “extreme” related supply chain risk.
[Brussels]—european union (EU) commissioner for justice, consumers and gender equality, Vera Jourová, will meet with Chinese authorities on home turf in June to try and work out how to stem the flood of dangerous Chinese non-food products finding their way into Europe.
The latest European Commission (EC) analysis of dangerous non-food products recalled and withdrawn from market in Europe finds that toys and clothing top the list for 2015 and that China is the biggest source of the problem.
Three weeks on from the series of explosions that ripped through the Chinese port of Tianjin the extent of damage and disruption remains unclear, however Guy Carpenter has placed insured losses up to $3.3bn and ratings agencies suggest that the eventual toll will likely top the initial $1bn to $1.5bn figures released immediately after the blasts.
The series of devastating blasts that ripped through the Chinese port city of Tianjin last week have caused significant damage and supply chain disruption, landing Chinese and western insurers with a sizable bill and affecting many companies worldwide.
Life in Hong Kong has been returning to normal this week following last week’s pro-democracy protests but the threat of significant political upheaval remains. However, experts do not believe the protests will spread to China.
The insurance industry this week stepped up its efforts to help identify, evaluate and mitigate risk in the growing Asian hubs with the launch of a database covering industrial parks in the region and a new flood model for Thailand.