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Cyber incidents & Business interruption dominate risk landscape for India Inc in 2018: Allianz
-Evolving nature of risk, and rise in cyber-related incidents, means business interruption ranks as top threat for companies globally, according to 1,900+ risk experts from 80 countries
-India included for the first time in global survey, saw cyber incidents top the list with potential “cyber hurricane” events and tougher data protection rules shaping cyber risk environment for year-ahead. Crisis response crucial for mitigation
-Rising FDI and new entrants into India has put Market Developments in third place as businesses grapple with intensified competition and rising M&A activities
-Other risks include Legislation and Regulation in light of India’s push towards liberalisation as well as Natural Catastrophes, which are both tied at fourth place
Reinsurance regulations to be out by February end: IRDAI
Narayana Murthy’s Anviti Insurance Brokers Launched
Lloyd’s eyes USD 10 mn prms from India operations in 2018:Inga Beale
Lloyd’s has already appointed three people for its Indian branch located in Mumbai so far and would likely to appoint one more person within a week.Lloyd’s has already got two syndicates in India-MS Amlin and Markel- and is in talks with three four more syndicates those can be part of Lloyd’s branch operations in thecountry
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