Articles

Cyber top peril for Asia-Pacific companies for the first time:Allianz Risk Barometer 2020

Eco/Invest/Demography       Jan 14, 2020

  Singapore: For the first time ever, Cyber incidents (35% of responses) ranks as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of responses) to second place. The region’s results mirror a...

Insurance industry calls for action to mitigate Climate Risk as Australia bushfires widen

As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.   Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide claims of A$700 million [US$480.8...

Climate Forecast for 2020s is warmer, stormier and more extreme

  Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global warming and extreme events — heat waves, hurricanes, floods, droughts and wildfires.   There has been, for many years, an understanding that a warmer world would...

John Coletti, Chief Underwriting Officer, Cyber & Technology- North America, AXA XL

Hackers target companies,posing as CEOs and other C-level Executives

Eco/Invest/Demography, Non-Life       Dec 26, 2019

  In 2017, online digital publications announced the latest threat to consumer safety: hackers using vulnerabilities inside WhatsApp to spread malicious code via files sent using the app. In March 2019, a security researcher announced that a bug in Facebook Messenger gave hackers an open door...

Is China winning the Insurtech Race

Technology       Dec 16, 2019

  The past growth of China’s insurance market was simply amazing: During the last decade, since the financial crisis, insurance premiums almost quadrupled. China’s insurance market is already the second biggest in the world. By the end of the next decade, the Chinese insurance market is...

Gold's impressive performance in 2019 may spill into the new decade

Eco/Invest/Demography, Wealth Management       Dec 10, 2019

Gold’s impressive advance in 2019 -- aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying -- may be set to spill into the new decade.   As 2020 looms, BlackRock Inc., the world’s largest money manager, remains constructive...

Insurers need profound transformation and the right talent, reveals EY Insurance Outlook 2020

  As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities. The EY Insurance Outlook 2020 report – based on collective...

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

  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...

Watch Out Finance, Business, Tech Workers. Artificial Intelligence Is Coming.

Eco/Invest/Demography, Technology       Nov 21, 2019

. Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.   White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI’s spread into the economy, according to a...