Parima teams up with MAXIS GBN in Beijing for focus on employee benefits

Parima teams up with MAXIS GBN in Beijing for focus on employee benefits

Parima teams up with MAXIS GBN in Beijing for focus on employee benefits

The Pan-Asia Risk & Insurance Management Association (Parima) is this week supporting an event focused on employee benefits for risk managers in Beijing, organised by MAXIS Global Benefits Network (Maxis GBN) and its local partner ICBC AXA. Risk and insurance managers in Europe and North America are becoming increasingly involved in the management and transfer of employee benefits, as multinationals…

Corporate debt dynamics increase risk of hard landing for China’s economy

Corporate debt dynamics increase risk of hard landing for China’s economy

Corporate debt dynamics increase risk of hard landing for China’s economy

Recent efforts by the Chinese government to cushion its economic slowdown, partly sparked by the trade dispute with the US, by cutting taxes and easing monetary policy, are forcing corporate debt levels up again and will make it more difficult to avoid an economic hard landing in the medium term, according to trade credit insurer Atradius. The has insurer published…

Risk managers need to check supply chains as South Korea-Japan spat hots up

Risk managers need to check supply chains as South Korea-Japan spat hots up

Risk managers need to check supply chains as South Korea-Japan spat hots up

Japan’s decision at the end of July to drop South Korea from its whitelist of countries with approved export status will only intensify the ongoing trade war between the two nations, and will likely persuade the Korean government to accelerate its recently announced investments to protect supply chains for key national industries. Risk and supply chain managers with Asian and…

RIMS continues Indian expansion with launch of certification programme with Tata AIG

RIMS continues Indian expansion with launch of certification programme with Tata AIG

RIMS continues Indian expansion with launch of certification programme with Tata AIG

US risk management society RIMS and Indian insurer Tata AIG General Insurance, the joint venture between Tata Group and AIG, have agreed to jointly develop a RIMS-CRMP Certification prep course to offer risk management training in India. The move forms part of a wider effort by RIMS to expand into the Asia-Pacific region, notably so far focused on India, China,…

ICA welcomes new approach on building standards but more needed

ICA welcomes new approach on building standards but more needed

ICA welcomes new approach on building standards but more needed

The Insurance Council of Australia (ICA) has welcomed an agreement reached between the states and territories, allowing the Australian Building Codes Board (ABCB) to implement a nationally consistent set of building standards, describing it as a “step in the right direction”. However, ICA CEO Rob Whelan added that action is now “urgently required” to restore confidence in the building and…

Labuan IBFC, SRCS and Parima team up to promote captives in Asia

Labuan IBFC, SRCS and Parima team up to promote captives in Asia

Labuan IBFC, SRCS and Parima team up to promote captives in Asia

Parima is supporting a conference organised by the Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions (SRCS) on 7 August in Kuala Lumpur, entitled ‘Adding Confidence to Captives: Managing Volatility via Self Insurance’. Global broker and captive manager Marsh reported in March 2019 that growth in the use of captives in the Asia-Pacific region and…

Germany, Australia and the US likely hotbeds for future climate-related litigation, says lawyer

Germany, Australia and the US likely hotbeds for future climate-related litigation, says lawyer

Germany, Australia and the US likely hotbeds for future climate-related litigation, says lawyer

A leading lawyer has named Germany, the US and Australia as the three jurisdictions where companies are most likely to face future climate-related litigation. Neil Beresford, a Clyde & Co partner in London, also warned that while such litigation around the world is mostly focused on energy companies and their use of petroleum, other sectors will likely be in the…

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima will hold its annual conference on disaster preparedness and response on 29 July at the HKAM Jockey Club Building in Hong Kong. The risk and insurance management association said the event will bring together experts and practitioners, government officials, scientific and academic institutions, the NGO sector and the private sector, to share experiences and discuss strategies for disaster preparedness…

New Zealand creates National Emergency Management Agency

New Zealand creates National Emergency Management Agency

New Zealand creates National Emergency Management Agency

The New Zealand government has announced funding from its recently announced 2019 budget for the creation of a new national agency to strengthen the country’s emergency management system. Minister of civil defence Kris Faafoi explained: “The new National Emergency Management Agency (NEMA) has been created because as a government, we saw the need to improve our emergency management capability and…