BI
-
RIMS survey highlights plethora of BI challenges facing insureds
Risk managers have named difficulties quantifying losses as their greatest challenge when handling business interruption (BI) claims. The RIMS Business…
-
APAC companies top the charts for risk preparedness: Aon survey
Global companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
-
Aon’s flagship survey reveals ‘worrisome’ fall in preparedness for leading risks
European companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
-
A legal guide to cyber BI cover in Asia
Business interruption (BI) insurance, in the traditional context of commercial property insurance, is well established. While in Asia BI wordings…
-
Insured losses from Cyclone Debbie to top $1.3bn: Swiss Re
Total insured losses resulting from cyclone Debbie are estimated to cost at least $1.3bn due to a significant number of…
-
Coca-Cola sues Lloyd’s and Hannover Re for $1m over BI losses in Nepal
Drinks company Coca-Cola is demanding close to $1m in compensation from its insurers for unpaid business interruption (BI) losses incurred…
-
Japan’s commercial quake insurance gap unlikely to narrow in short term: Fitch
Japanese corporates continue to be significantly underinsured for commercial earthquake risk, despite the large economic losses incurred in the March…
-
Asia contributes to 42% increase in insured global disaster losses in 2016
Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma…
-
Australia’s Insurance Council declares catastrophe in wake of Cyclone Debbie
A category four cyclone that hit the northeastern coast of Australia on Tuesday 28 March has led to mass evacuations…
-
London attack to spark further demand for widening terror cover
Insured losses from the horrific terror attack on central London this week will be small, but the attack is likely…
-
Munich Re eyes growth – and threats – in cyber space
Munich Re backpedalled a little on its corporate specialty business last year, but still wants to grow its portfolio in…
-
Parima signs three more partners
The Pan-Asia Risk and Insurance Management Association (Parima) has recruited a further three additions to its roster of corporate partners. …
-
More progress needed on business interruption coverage
Progress has been made on business interruption policies in recent years but there remains a long way to go to…
-
Progress on CBI but more work needed
Contingent business interruption (CBI) insurance has evolved during the past couple of years and insurers are extending coverage to new…
-
Business interruption tops Allianz risk poll in Asia
The threat of business interruption is the main concern for Asian businesses according to a global survey of more than…
-
Is insuring loss of power in Africa viable?
Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live…
-
Marine and port risks spike in west Africa
Leading insurers and risk managers around the world are issuing serious warnings to shipowners of the growing piracy and other…
-
Extortion attacks top cybercrime claims
Risk managers are warned that extortion has become the biggest cyber threat.
-
French firms continue to enjoy soft market but insurers becoming hyper selective: AMRAE
French companies still benefit from a soft insurance market and growing risk transfer options, but favourable coverages could become harder…
-
Major BI claim in Ghana could be the excuse to turn the market
A major claim related to a leak at an oil installation in Ghana is set to send shockwaves through the…