Insurance
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Bribery and corruption are still huge risks for business
Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new Organisation for…
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Ghana–country focus
Putting SMEs in touch, insurers remain confident despite still gloomy financial picture plus a look at the challenging past year…
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Risk management continues to grow and develop in Kenya
Risk management in Kenya has matured significantly in the past year, according to delegates at the first conference held in…
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The changing face of piracy
Pirate attacks in the Gulf of Aden have been headline news for a number of years, even spawning a Hollywood…
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Kenya building sector fraud leaves Nairobi large ’quake-loss timebomb
Fraud in Kenya’s construction sector has resulted in weak buildings, particularly in the capital Nairobi where an earthquake measuring six…
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Time for insurance industry to step up–OESAI conference
The insurance industry should be at the forefront of the transformation taking place in the African continent, including the proposed…
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Ratings agency notes emerging market stabilisation
Standard & Poor’s (S&P) has published a new outlook for Africa, reviewing all the major markets. It finds emerging market…
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UK government set to clarify kidnap and ransom insurance rules
The UK government recently announced plans to clarify how anti-terrorism legislation applies to both clients and insurers in the situation…
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News in brief
Ethiopian bond success predicted, Law firm moves, First commercial drone operation in The Gambia, New emerging risk products and Axa…
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Airmic urges UK government to pass Insurance Bill
Giving evidence to a cross-party Special Public Bill Committee in the House of Lords, representatives of the UK risk managers'…
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German industry and credit insurers feel the effects of Russian sanctions
The sanctions in place as a result of the conflict over Ukraine are having a negative effect on German industry…
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Survey finds banks lack data to support risk management
A new survey by the Economist Intelligence Unit reveals that more than half of risk and compliance executives at retail,…
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Op risk climbs agenda in EMEA FIs, rates continue to fall: Aon
Operational risk managers at European and Middle Eastern banks and other financial firms are rising in importance compared with their…
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Outlook for German non-life sector stable as declining competition fuels rate increase: Fitch
Fitch has confirmed its stable rating and sector outlooks for the German non-life insurance market as it churns out continued…
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PwC predicts ‘significant’ softening in London market
PwC anticipates significant softening in the London insurance market for nearly all risk in 2015 and notes a decrease in…
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EC welcomes strategy plan to manage customs risk and bolster supply chains
The European Commission this week welcomed the European Council conclusions on the EU Strategy and Action Plan on customs risk…
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Corporate round-up
Gallagher to enter Chinese specialty market via joint venture with Jiang Tai, Swiss Re Corporate Solutions names Marc Davis as…
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EC beefs up energy risk management efforts as Russia shelves South Stream plan
Energy and water supply risk are increasingly raised by experts as the ones to watch in future but Europe's corporate…
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Europe steps up fight against tax avoidance
The European Commission has welcomed two breakthrough agreements reached by the European Council to combat corporate tax avoidance and aggressive…
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Insurers failing to make progress on contract efficacy
The UK risk and insurance managers' association Airmic says progress on improving the efficacy of insurance for large commercial buyers…