Risk Management

Royal Caribbean cruises faces potential liability for New Zealand volcano deaths

International News       Dec 13, 2019

Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime lawyers.   Cruise ship passengers were among the tourists on White Island on Monday...

AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management

International News       Dec 12, 2019

  NEW YORK: AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), the leader of on-demand insurance cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for Microsoft 365 Business, Office 365 Business...

WTW partners with Tricor Hong Kong on people and risk mitigation solutions to its 50,000 global clients

International News       Dec 09, 2019

  Singapore: Willis Towers Watson has  announced a new partnership with Tricor Hong Kong, the leading business expansion specialist in Asia, which will provide people and risk mitigation solutions to Tricor’s 50,000 clients around the world.   This new partnership will enable Tricor clients base of Fortune...

Delhi Anaj Mandi fire: 43 dead, several critically injured, probe ordered

Indian News       Dec 08, 2019

  New Delhi: Forty three people were killed on Sunday after a fire broke out in north Delhi’s Anaj Mandi on Rani Jhansi road at 5:22 am.   A massive fire swept through a factory in Anaj Mandi area of north Delhi on Sunday morning, leaving 43...

Uber received 3,000 reports of sexual assault in U.S. in 2018

International News       Dec 06, 2019

  Ride-hailing firm Uber Technologies Inc. said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about safety.   The figure represents a...

Pirates Hijack Fully Loaded Supertanker Off Nigeria, Kidnapping 19 Crew

International News       Dec 06, 2019

    Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer.   The crew of an oil supertanker was kidnapped off the coast of Nigeria,...

 Over two-thirds of firms have suffered a political risk loss: Willis Towers Watson survey

International News       Dec 05, 2019

Singapore: A survey of 41 major corporations by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, found that 61% believe political risk levels increased in 2019.   Disruption of international trade was considered the most significant risk in the majority of...

Cabinet clears personal data protection bill

Indian News       Dec 04, 2019

  New Delhi: The government on Wednesday approved the Personal Data Protection Bill that will spell out a framework for handling of personal data including its processing by public and private entities. The decision was taken at a Cabinet meeting headed by Prime Minister Narendra Modi.   ...

Saudi Aramco pursues war cover after attacks - sources

International News       Dec 04, 2019

  LONDON/RIYADH: Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been looking for cover from insurers...

5 risk trends company directors and officers need to watch in 2020:Allianz

Articles       Dec 04, 2019

  The range of risks facing company executives or directors and officers (D&Os) – as well as the resultant insurance claims scenarios – has increased significantly in recent years. With corporate management under the spotlight like never before, a new report by insurer Allianz Global Corporate...

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