Novel coronavirus outbreak: implications for international trade and shipping

Novel coronavirus outbreak: implications for international trade and shipping

Novel coronavirus outbreak: implications for international trade and shipping

The recent outbreak of a novel coronavirus in Wuhan, China has received worldwide attention and is increasingly putting a strain on businesses. On 30 January 2020, the World Health Organization declared the outbreak a Public Health Emergency of International Concern. The outbreak of any virulent disease presents the trading and shipping industries with various challenges, as was the case with…

Aviation risk managers need to consider coronavirus impact on sector

Aviation risk managers need to consider coronavirus impact on sector

Aviation risk managers need to consider coronavirus impact on sector

In 1996, a 32-year-old woman died of a drug-resistant strain of tuberculosis after flying with a US carrier from Chicago to Hawaii. The Centre for Disease Control traced all 249 passengers and found that six of them, some as far as 13 rows behind the woman, had caught the pathogenic bacterium that causes tuberculosis. As a result of this incident,…

Time for a pick-me-up

Time for a pick-me-up

Time for a pick-me-up

The past few months have brought a sort of weariness. People across the world are reporting feeling overworked and stressed, tired of politics, tired of endless rules and tired of fighting merely to stand still. A depressing thought perhaps, but the challenge for risk managers is what threat that might pose to the business. For example, Chris Palm talks in…

Could the US opioid epidemic be contagious?

Could the US opioid epidemic be contagious?

Could the US opioid epidemic be contagious?

The US is in the middle of an opioid epidemic, causing an estimated $504bn of economic damage and resulting in countless deaths. Risk managers in the pharma sector should be watching carefully as remedial action is being taken to address the health effects of this national crisis, and as enforcement and litigation is also beginning to ramp up. While the…

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Evidence of the harmful effects of diesel emissions is growing, resulting in it being likened to another toxic ‘timebomb’. These developments are likely to require corporates and their insurers to reconsider their approach to this developing risk. A new inquest into the passing of a child who died from asthma was recently ordered, following evidence that the death may be…

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Bed bugs have been around since the dawn of time; originally, they were using bats as hosts and began feeding on humans while we were still living in caves. They were a common sight in the pre-insecticide era, where it is estimated they were resident in 30% of households. Recent years have seen species migrating northwards as temperatures increase. While…

Automation and digitalisation in shipping: a lack of standardisation and regulation?

Automation and digitalisation in shipping: a lack of standardisation and regulation?

Automation and digitalisation in shipping: a lack of standardisation and regulation?

The shipping industry has recently seen a large number of exciting and futuristic proposals for automated and digital innovations. The intention is to increase efficiency, reduce costs, save time and promote safety at sea. The increasing number of automation and digitalisation solutions should lead to a corresponding increase in standardisation and regulation. However, this will take some time to achieve…

Is it really only June?

Is it really only June?

Is it really only June?

It’s only June but it feels like we have already had a year’s worth of 2019. The worst-ever year for cyclones hitting the east coast was probably not a good way to start. Combine that with elections in two of the continent’s leading economies – Nigeria and South Africa – and with global politics continuing to impact the region, it…

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Amanda Blanc was recently appointed CEO for Europe, Middle East and Africa (EMEA) at Zurich Insurance Group. She is also chair of the Association of British Insurers (ABI). Commercial Risk Europe Editor Adrian Ladbury interviewed Ms Blanc about her career, as well as the many challenges and opportunities facing the insurance sector and its customers. Adrian Ladbury [AL]: How and…

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

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