BI
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FCA BI test case appeal likely to see clear winner but result in balance, says leading lawyer
The Supreme Court’s appeal ruling in the UK’s business interruption (BI) test case is likely to be decisive but could…
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IAG raises new equity as Australia’s BI test case finds in favour of policyholders
Australian insurer IAG said it will raise $750m in new equity after the Supreme Court of New South Wales (NSW)…
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UK’s Supreme Court takes recess to mull BI Covid-19 appeals
The UK’s Supreme Court will adjourn today and consider appeal arguments lodged by UK regulator the Financial Conduct Authority (FCA)…
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Suncorp adds $125m to BI reserves after Victoria’s Covid-19 lockdown
Australian insurer Suncorp has set aside a further $125m in reserves for potential business interruption (BI) claims following the second…
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Buberl calls for focus on public-private partnership for systemic risk
AXA CEO Thomas Buberl used the closing CEO debate at the Pan Asia Risk & Insurance Management Association (Parima) Resilience…
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AXA XL digitalises physical risk services for risk managers
AXA XL Risk Consulting has launched a new digital global risk assessment service called Risk Scanning to undertake multi-peril assessments…
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Insurers curtail BI cover amid fears disease restrictions will spread to other perils
Insurers are restricting non damage business interruption (NDBI) cover just when buyers need it most, and some fear problems will…
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Pandemic pools may offer limited benefit to large corporations
Government-backed pandemic insurance solutions could be essential for protecting businesses against the next disease outbreak, but experts warn they could…
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AGCS falls to €257m loss on back of Covid but rates up 22%
Allianz Global Corporate & Specialty (AGCS) has fallen to an operating loss of €257m in the first nine months of…
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Beazley projects 2020 underwriting loss as claims mount
Lloyd’s insurer Beazley expects to post an underwriting loss for full-year 2020, but market hardening has increased the insurer’s appetite…
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This is the time for action
This issue of Commercial Risk Asia is wholly based on a series of in-depth interviews carried out with leading members…
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Parima members look for alternatives as market hardens
Risk and insurance managers in the Asia-Pacific region are by no means immune from the rapidly hardening global corporate insurance…
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Risk managers need to focus on financial stress, health and safety, and planning
Financial sustainability, health and safety of customers and staff members, job security of staff, and business plans and projections, are…
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Natividad urges risk managers to take the driving seat in new age of risk management
The shock caused by the sudden arrival of the Covid-19 pandemic has highlighted the need for companies to carry out…
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Focus on the long term and wellbeing of staff to build resilience: Wu
The relative lack of preparedness for the arrival of the Covid-19 pandemic across the world can be attributed to the…
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Tough times ahead as Asia emerges from the pandemic
Patrick Chan, director and general manager of Nova Risk Services Holdings and board member of Brokerslink, spoke to Liz Booth…
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Resilience has to be number one priority: Baron
Commercial Risk Asia editor Adrian Ladbury discusses the key questions for this year’s Risk Frontiers survey, sponsored by HDI Global…
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Adapt, pivot and rapidly evolve to survive and prosper, advises Parima’s Tunstall
Steve Tunstall is general secretary of the Pan-Asia Risk & Insurance Management Association (Parima) and director of Tunstall Associates, based in…
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French pandemic insurance scheme likely delayed till crisis over
The proposed French state-backed pandemic insurance scheme to help businesses cope with future pandemics has made little progress since the…
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Q3 insurance prices up 20% globally, 34% in UK and 15% in Europe: Marsh
Global insurance prices rose 20% in Q3, with increases of 34% in the UK and 15% in continental Europe, according…