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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…
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Asia
Malaysian insurance market faces ‘challenging’ 2017, says association
Growth posted by the Malaysian insurance industry plummeted in 2016 compared with 2015 based on latest numbers published by the national insurance association (PIAM). On the plus side the association…
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Asia
Parima signs three more partners
The Pan-Asia Risk and Insurance Management Association (Parima) has recruited a further three additions to its roster of corporate partners. Singapore-based disaster recovery specialist Belfor Asia, US-based insurer Libe... Want…
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Africa
Data protection a real challenge across Africa
The European data protection framework is currently undergoing deep mutations, warns one French lawyer. Merav Griguer, a partner in the French office of law firm Bird & Bird, said Europe’s…
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Africa
Supply chain could be threatened as global protests target Madagascan government
The Madagascan government is being targeted by a global campaign to defend dockworkers at the ICTSI operated Port of Toamasina in Madagascar. The campaign by the International Transport Workers’ Federation…
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Africa
Farm insurer taps state agency to protect farmers
Agriculture insurer Agriculture and Climate Risk Enterprise Africa (ACRE Africa) has partnered with Kenya’s state-owned agriculture research agency Kenya Agricultural & Livestock Research Organization (KALRO) to provide a... Want to…
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CRE Insurance
Swiss Re keeps the faith with Corporate Solutions unit
Growing Corporate Solutions will remain a key part of Swiss Re’s business plan despite the unit’s disappointing result in 2016, according to the global reinsurer’s CEO Christian Mumenthaler. Mr Mumenthaler…
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Insurance
StarStone almost doubles profits
StarStone, the global specialty insurer acquired by Enstar Group Ltd in 2014, announced net earnings, including non-controlling interests, of $42.8m for 2016, compared with $23.2m in 2015. Gross written premium…