Timely blogs from our risk and insurance experts on the issues and trends that affect your business – and your bottom line.
One of the most prominent risks faced by corporates worldwide today is the risk of cyberattacks or cybercrime, which is ahead of environmental, terrorism, or asset bubble risks. Oliver Wyman has reported that a single attack on a computer processing or communications network could end up causing economic damages worth $50 billion to $120 billion.Read more
With monsoon season setting in, many states in India are already experiencing flooding. In July, Mumbai was hit by the heaviest monsoon rains in two decades, killing at least 30 people and disrupting life in the city and nearby areas.Read more
The global political landscape is dynamic and hard to predict. Often, a simple policy action can derail a peace process or create a war-like situation across a region. This article analyzes present global political uncertainties and risk situations and discusses how insurance solutions can come to the rescue. Read More.Read more
It’s been more than a year since the European Union’s General Data Protection Regulation (GDPR) came into effect on 25 May, 2018. The implementation of the GDPR signaled the start of more stringent privacy oversight and enforcement.Read more
This year the Northwest Pacific basin is predicted to produce a total number of typhoons close to its long-term average. However, even a single storm can wreak havoc on your employees, your operations and assets, your community, and those your business relies upon. Floods and water damage can be catastrophic, and remain a key concern in Asia.Read more
In a modern economy that is heavily dependent upon international trade, issues such as protracted default, insolvent buyers, and political uncertainty are ever-present. Unfamiliarity with new buyers and markets may deter sellers from extending the necessary credit required to conduct domestic or cross-border business. The issue can be more pronounced in volatile regions, where concentration of the credit risk may pose a particular concern.Read more
Once again, numerous countries in east and southeast Asia are bracing for a super typhoon. With sustained winds of up to 240km/h, Super Typhoon Mangkhut is the strongest storm of 2018 and predicted to be the most powerful to hit Hong Kong since records began. It eclipses Typhoon Jebi which hit Western Japan recently and Typhoon Hato which wrecked widespread damage in Macau last year.