Almost 18 months after implementation, the EU’s new data protection rules are being viewed as a risk just like any other, according to a report and webinar from Ferma. The implementation of the General Data Protection Regulation (GDPR) in May 2018 caused much concern and uncertainty for companies processing personal data of EU citizens. The rules, which introduced tough data…
Insurers and risk managers need to model and price for climate change risk and build resilience, as a warmer world looks ever more likely, according to Zurich Insurance Group. Two studies published last week indicate the risks of a warmer world are increasing, as governments fail to adequately tackle climate change. The latest annual UN emissions gap report reveals that…
Risk managers are taking a much more strategic role, acting as co-pilots to senior management and the board, according to a survey from Ferma
Botswana is among five Sub Saharan African (SSA) economies that improved their Global Competitiveness Index rankings by three to six positions and their scores by 2% or more, according to the World Economic Forum’s Global Competitiveness Report (GCR) 2015/2016. The country climbed five places to 64th (out of 138 global participants), thanks to year-on-year improvements in infrastructure, higher education and goods market efficiency.
Despite already being one of the largest economies in the Asia-Pacific region, the Indonesian economy is poised to undergo significant expansion during the coming years. By 2030, it is expected to be the seventh largest economy in the world, its middle class will more than triple, and its skilled workers will more than double. Against this background, it is unsurprising that Indonesia’s foreign investment laws are expanding and modernising at a rapid pace.
XL Catlin adds to cyber cover in Europe and Chubb names new life science manager.
The International Group of Protection and Indemnity (P&I) Clubs has reduced the cost of reinsurance protection at its annual renewal.
Hurricane Matthew, earthquakes and storms increased insured catastrophe losses to $49bn in 2016 up from $37bn last year, according to preliminary estimates from Swiss Re’s sigma.
Western European insurers are well-placed to withstand the significant challenges that will make 2017 a “pivotal” year for the industry, said Standard & Poor’s.
A white paper prepared by Noria AS* explains how the Solvency II Pillar III reporting regime represents a challenging new era of data demands.