Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

The automotive industry was the most disrupted sector in 2017, as the number of disruption events leapt by 30% from just over 1,300 in 2016 to nearly 1,700, according to recent analysis carried out by JLT and Resilinc, the supply chain analytics and resiliency company. The core problem is that the global automotive sector is dependent upon a highly complex…

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…

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