Pandemic
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European insurers well prepared to deal with coronavirus but credit market likely to take hit and harden
The European insurance sector is well positioned to deal with the impact of the coronavirus (Covid-19) on both the asset…
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IMF calls on governments to step up healthcare funding and ease tax burden to fight virus
The International Monetary Fund (IMF) has advised governments the world over to step up their spending on public health systems…
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Life insurers face mounting costs from coronavirus despite improved risk systems
Credit ratings agency DBRS Morningstar has said the impact of the coronavirus (Covid-19) on life insurance claims should be “manageable”,…
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Risk managers should check liability policies now to prepare for virus claims
Risk and insurance managers worldwide will be currently focused on efforts to protect their employees from the impact of coronavirus…
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Buyers negotiate walk-away rights in coronavirus-hit M&A deals
Mergers and acquisitions (M&A) could take longer to complete should coronavirus cause a prolonged period of disruption, according to James…
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Insurers grow wary of trade credit risk as coronavirus spreads
Trade credit insurers are beginning to moderate their risk appetite as the coronavirus (Covid-19) raises the threat of increased insolvencies…
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WHO calls for 40% rise in protective medical equipment to meet coronavirus-led global demand
Panic buying, hoarding and misuse of personal protective equipment (PPE) such as medical masks and gloves because of coronavirus is…
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World Bank’s pandemic bonds set to payout for coronavirus: DBRS Morningstar
The current coronavirus (Covid-19) outbreak will likely trigger payouts for $132.5m in pandemic catastrophe bonds sponsored by the World Bank…
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International SOS says European firms must expect Covid-19 cases and offers key advice
Europe is well placed to contain the threat of the coronavirus (Covid-19), but businesses must test their continuity plans now…
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Travelex set for £25m loss from cyberattack and coronavirus
Travelex is expecting a £25m hit from the cyberattack that struck on New Year’s Eve and the coronavirus (Covid-19) outbreak,…
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AIR repeats warning over ‘significant’ underreporting of official Covid-19 numbers
AIR Worldwide has again warned that the number of global coronavirus (Covid-19) cases is likely much higher than official figures,…
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Ferma shares coronavirus risk management advice
Ferma has shared advice from member associations as they support risk managers across Europe on the coronavirus outbreak, and will…
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AIR lists European countries most at risk from coronavirus outbreak in Italy
The UK, Germany, Spain, France, the Netherlands, Belgium and Romania are the European countries most at risk from the spread…
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Coronavirus set to ravage global supply chain according to Russell Group analysis
Ten Chinese companies, with combined revenues of almost $1.5trn, will be exposed to an estimated $122bn of connected loss exposures…
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South African risk managers advised on coronavirus defence plan
South African risk managers have been given some key advice on how to manage the coronavirus risk in the coming…
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More coronavirus cases confirmed in Africa
Health authorities in Morocco and Nigeria have both confirmed positive diagnoses for patients with the coronavirus (Covid-19). In both cases…
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Companies urged to review business continuity plans as Covid-19 hits Europe
European businesses will need to review business continuity plans and business travel policies as the Covid-19 virus continues to spread,…
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Risk managers look to quantify Covid-19 exposures and insurance protection as disease spreads
Risk and insurance managers face the challenge of keeping boards informed about the potential impact of the coronavirus (Covid-19) outbreak,…
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Firms ill prepared for prolonged coronavirus impact: Marsh
Marsh Risk Consulting has warned that most businesses are not prepared for any prolonged impacts from a globally-spreading infectious disease…
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Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount
The impact of Covid-19 hit Europe hard over the weekend, as the Italian government in particular took drastic action to…