New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

The Chinese government has continued its crackdown on market confusion acts, trade secret infringement and internet-related misconduct, and is focusing its efforts particularly on the online and pharmaceutical industries. Experts advise risk managers with companies that procure products from China to make doubly sure that they are asking the right questions of suppliers to ensure that they are compliant. The latest…

China braces for deadly typhoon as Japan counts human and economic cost

China braces for deadly typhoon as Japan counts human and economic cost

China braces for deadly typhoon as Japan counts human and economic cost

China is bracing itself for the impact of Typhoon Maria, which has already led to the deadliest flood disaster in Japan since 1983, caused huge disruption and will lead to heavy insured losses, not least business interruption. The typhoon skirted past Taiwan and caused much lower damage than originally expected. But it continued northwest toward the eastern coast of China, making…

Hurricane mitigation delivers $105 upside for every $1 spent, finds FM global research

Hurricane mitigation delivers $105 upside for every $1 spent, finds FM global research

Hurricane mitigation delivers $105 upside for every $1 spent, finds FM global research

Businesses that invest in hurricane protection measures reduce their loss exposure by $105 for every $1 spent, according to research of 1,800 clients at FM Global. In analysis of policyholder losses during the past ten years, FM Global found businesses suffered lower losses where investments had been made to minimise the effects of wind damage. “Businesses often wonder if they…

Aon launches updated Thai flood model to help protect growing economy

Aon launches updated Thai flood model to help protect growing economy

Aon launches updated Thai flood model to help protect growing economy

Aon has launched an updated Thailand flood catastrophe model that uses the latest scientific advances in hydrological, hydraulic and statistical modelling to help insurers more accurately assess and manage this still rising risk. The Thai floods of 2011 caused more than $15bn of insured losses and served as a serious wake-up call to Asian and international insurers and reinsurers, which…

The insurer’s perspective

The insurer’s perspective

The insurer’s perspective

Richard Taylor is managing director of European Risk Frontiers sponsor HDI Global’s UK branch. He tackled the big questions posed by Adrian Ladbury as part of this year’s survey. Adrian Ladbury (AL): What is your view of the current state of the commercial and corporate insurance market and what is the outlook overall? Richard Taylor (RT): By its nature the…

Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Manufacturers in the auto industry need to focus on supply chain risks posed by tier-two and tier-three suppliers because, together, they pose a bigger threat than core tier-one companies, according to latest research from global broker JLT Specialty. The broker recently created its Global Automotive division, designed to help risk managers in the sector cope with the rapidly-changing risk landscape…

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

The world’s first marine insurance blockchain facility has been launched with shipping company AP Møller-Maersk, and its developers are looking to expand the platform to other lines of business, sectors and insurers. As reported in CRE, EY was working with Maersk last year to create several blockchain solutions, including a platform for insurance contracts. After a year in development, the…

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