O2 seeks £100m from Ericsson for business interruption: reports

O2 seeks £100m from Ericsson for business interruption: reports

O2 seeks £100m from Ericsson for business interruption: reports

UK mobile operator O2, owned by Spain’s Telefonica, is seeking up to £100m compensation from Swedish firm Ericsson for business interruption and supply chain failure caused by its software, according to media reports. O2 smartphone users were unable to use their mobile phone data last Thursday and Friday. Ericsson, which supplies software to O2 and other mobile network providers, blamed…

HK to open Belt and Road insurance exchange

HK to open Belt and Road insurance exchange

HK to open Belt and Road insurance exchange

Hong Kong’s insurance regulator has announced plans to open an insurance exchange dedicated to providing coverage for projects connected to China’s Belt and Road Initiative (BRI). The announcement was made at the annual global Brokerslink conference in Hong Kong by Clement Cheung, chief executive of Hong Kong’s Insurance Authority (IA). The Belt and Road Insurance Exchange Facilitation will launch in…

AXA XL partners with supply chain data firm to manage cargo risks

AXA XL partners with supply chain data firm to manage cargo risks

AXA XL partners with supply chain data firm to manage cargo risks

AXA XL has partnered with US supply chain data platform Parsyl Inc, to help shipping firms and insurers get a better picture of conditions that perishable cargo experiences in transit, in order to ultimately reduce risks and losses. Based in Denver, Parsyl uses sensors placed with cargo to track conditions through the entire supply chain. AXA XL, the new name…

Risk managers concede industry must work harder to understand supply chain exposures

Risk managers concede industry must work harder to understand supply chain exposures

Risk managers concede industry must work harder to understand supply chain exposures

Risk and insurance managers must work harder to fully understand their supply chain exposures and cannot expect insurers to take on their risk without putting in such work first, said Nordic risk managers taking part in our European Risk Frontiers survey, who warned that obtaining such information is not easy…

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