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Cyber & Technology
Zurich NA and Deloitte to offer cyber combination
Zurich North America is to cooperate with consultants Deloitte on providing cyber risk mitigation and transfer services to businesses in the US. Deloitte and Zurich said in a statement that…
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Global Risk Manager
UAE’s financial regulations will help insurers in medium term
As insurers in the United Arab Emirates (UAE) adjust to recent financial regulations and overcome initial compliance hurdles, Moody’s Investors Service believes their credit profile will see a medium-term improvement.…
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Global Risk Manager
Modest growth and consolidation forecast for Saudi insurance market
The Saudi insurance market is expected to see only modest growth at best in 2017, according to Standard & Poor’s Ratings. It also said 2017 may be defined by mergers…
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Asia
Chinese regulator warns insurers against “risky behaviour”
The Chinese insurance regulator has said that it would not allow the insurance sector to become a “club of the rich”, according to the Xinhua news agency. Xiang Junbo, chairman…
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CRE People Moves
Brit launches US cyber unit
Brit Ltd has launched a new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed senior vice president of the unit. Mr Carr was formerly technology…
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CRE Insurance
Risk managers urged to tackle dominant employee cyber threat
Willis Towers Watson has urged risk managers to look at the threat posed by employees when managing cyber risk and launched a new tool to help firms deal with the…
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Africa
Linkage in bid to drive growth through Nigerian brokers
Linkage Assurance has strengthened its partnership with brokers to generate strategic growth potential and expand its market-share in the Nigerian insurance sector. New managing director and CEO Dr Pius Apere…
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Africa
Managing cyber risk challenges within reach: Swiss Re
Risk managers and insurers are within reach of tackling the challenges and complexities posed by cyber risks, according to a new report by Swiss Re’s sigma. However, the report warns…
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Africa
Cross-border online retail predicted to grow at twice the rate of domestic e-commerce
African retailers have a great opportunity to grow their business across borders through e-commerce channels, according to a new report from DHL Express. Retailers often consider cross-border business carries too…
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Asia
Tesla trials new auto insurance model in Asia
Tesla, the company synonymous with the development of driverless cars, has been using Asia as a testing ground for a new way of selling insurance. According to comments made in…
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Asia
APAC insurance pricing remains competitive: Marsh
Insurance rates in Asia-Pacific remained “generally competitive” across most major coverage lines during 2016, according to the Global Insurance Market Index, produced by Marsh. The index shows that global insurance…
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Association News
Ferma and CRE launch European Risk Management Awards 2017
Following a successful inaugural event last year, Ferma and Commercial Risk Europe are delighted to announce the launch of the second European Risk Management Awards. Culminating in an awards ceremony…
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Africa
Boost for agricultural insurance in Tunisia
French consultants Finactu have agreed to support Tunisian insurer CTAMA in boosting its agricultural book. CTAMA was founded in 1961 and has positioned itself as an agricultural insurer though an…
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Association News
New Ogden rate and IPT increase will harm business, warns Airmic
Airmic has added its voice to industry concern over the UK government’s decision to reduce the discount rate applied by courts to large personal injury compensation awards. The association warns…
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CRE Insurance
UK government holds industry meeting after Ogden rate shock
UK insurers have met with Chancellor of the Exchequer Philip Hammond to discuss the government’s decision on Monday to slash the discount rate applied by courts to lump sum personal…
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Benelux
Business votes digital risks as top three disruption threats
Digital risks rank as the top three interruption threats in a recent survey of global businesses, undertaken by the Business Continuity Institute (BCI). Cyber attacks emerged as the greatest perceived…
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Asia
China denies claims of clampdown on cross-border cash flows
The foreign exchange authorities in China have countered claims that foreign companies are struggling to repatriate profits under China’s restrictive capital controls, amid fears that the country is rolling back…
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CRE Risk Management
Positive signs of rising maturity in GCC risk and insurance market: Ward
There are positive signs of a growing maturity in the Gulf Cooperation Council (GCC) risk management and insurance market, which will reduce its dependence upon international support and build a…
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CRE Insurance
Reserves and profits hit by Ogden rate change: AM Best
Rating agency AM Best has warned that Q1 2017 earnings for UK motor insurers will be “bleak”, following the government’s decision to reduce the discount rate applied to lump sum…
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Asia
Asia faces $26trn infrastructure hole: ADB
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…