Articles

Cyber, Climate Risks & Human Error Threaten Shipping’s Safety Progress,Asian losses buck global trends

      Jul 19, 2018

  London/New York/Munich/Paris/Singapore: Large shipping losses have declined by more than a third (38%) globally over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017.    Yet, incidents in the South China,...

Growing debris risks for Satellite Operations :Swiss Re

Risk Management       Jul 17, 2018

  Zurich: Over the next 10 years, the number of active satellites in orbit is set to multiply. New satellite constellations that deliver global services like Earth observation, internet connectivity and voice communications are spurring this development.    Lower orbits in particular are becoming increasingly populated and...

US Regulators try to navigate Legal, Social, Safety Issues raised by Autonomous Vehicles

      Jul 11, 2018

  In closed-door meetings last March, U.S. transportation regulators and others grappled with questions about whether police should have the power to disable self-driving cars and whether an automatic alert that a robo-taxi had been in a wreck could violate an occupant’s privacy, a report released...

Mitigating Cyber Risk via Captives

Risk Management       Jul 12, 2018

  Increasingly challenging The reality today is that virtually every individual and organization is vulnerable to a cyberattack, and the nature of the threat is continually evolving.The mayor of Atlanta, for example, was recently quoted as saying, “We are dealing with a hostage situation.”   She was...

Emerging sex disease MG 'could become next superbug'

Health       Jul 11, 2018

  A little known sexually transmitted infection could become the next superbug unless people become more vigilant, experts are warning, according to a  BBC rport.   Mycoplasma genitalium (MG) often has no symptoms but can cause pelvic inflammatory disease, which can leave some women infertile.   MG can...

Obesity :Health Challenge of the 21st Century

Health       Jul 07, 2018

  For the first time in history, more people are suffering from obesity than from starvation worldwide. According to the World Health Organization, approximately 2.3 billion adults were overweight, and more than 700 million people obese in 2015, a substantial and rapid increase over the prior...

Money in Swiss banks: India moves to 73rd place, UK remains on top

      Jul 01, 2018

  FDI growth hits 5-year low in 2017-18India has moved up to 73rd place in terms of money parked by its citizens and companies with Swiss banks, while the UK remains on the top. India had slipped to 88th place with a 44 percent plunge in...

Is your smart fridge mining bitcoin for criminals? A guide to cryptojacking

Risk Management       Dec 12, 2018

London: Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals.   As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: puttingmalicious software on peoples' handsets, TVs and smart fridges that...

Christine Lagarde, Managing Director, International Monetary Fund

Estimating Cyber Risk for the Financial Sector

Risk Management       Jun 22, 2018

  Cyber risk has emerged as a significant threat to the financial system. An IMF staff modeling exercise estimates that average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year, eroding bank profits and potentially threatening financial stability.   Recent...