Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Greenpeace Africa activists and volunteers delivered a #PlasticMonster partly covered with Nestlé-branded plastic packaging back to its source: the Nestlé factory servicing Kenya and other east African countries. The activists called on the multinational corporation to end its reliance on single-use plastic. They also held protests at Nestlé offices in the Philippines, Germany and other countries as part of a global…

RIMS strikes educational partnership in India

RIMS strikes educational partnership in India

RIMS strikes educational partnership in India

US risk management association RIMS has signed a memorandum of understanding (MoU) with the National Insurance Academy (NIA) in India, to develop a risk management education course. The agreement was signed in Pune, India by RIMS vice-president of global development Steven Chou, RIMS board director Jennifer Santiago and NIA director Shri G Srinivasan. The MoU is designed to formalise the…

Swift report shows concentration of bank cyberattacks in southeast Asia

Swift report shows concentration of bank cyberattacks in southeast Asia

Swift report shows concentration of bank cyberattacks in southeast Asia

Banking cooperative Swift, which runs the global network for interbank payments, has issued a new report on bank-focused cyberattacks, which shows that four out of five of all fraudulent transactions were issued to beneficiary accounts in southeast Asia. The report is part of Swift’s information-sharing initiative, which was established in the wake of the 2016 cyberattack on the central bank…

Slowing eurozone growth to run at half pace of global economy: Atradius

Slowing eurozone growth to run at half pace of global economy: Atradius

Slowing eurozone growth to run at half pace of global economy: Atradius

Growth in the world’s economy is set to slow this year, with the eurozone forecast to run at about half the global pace, according to new outlooks published by trade credit insurer Atradius. The company said it is important for companies to monitor wider market trends when assessing the “robustness” of customers around the world. According to Atradius, global growth…

Asian P&C rates to rise by 10% says WTW

Asian P&C rates to rise by 10% says WTW

Asian P&C rates to rise by 10% says WTW

Global broker Willis Towers Watson (WTW) has forecast that catastrophe loss-affected property and casualty (P&C) rates will rise by at least 10% in Asia through 2019. The broker has also called for a new approach to risk and insurance in the region, as a result of a more sophisticated corporate marketplace driven by global economic and political pressures. The forecasted…

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing has suspended all 371 of its worldwide 737 Max aircraft fleet, after the US became the last major country to ground the planes over safety fears. The decision follows news that Global Aerospace is the lead insurer for Boeing, with Chubb confirmed as lead underwriter of the Ethiopian Airlines plane that crashed on Sunday and Willis Towers Watson the broker…