Spotlight on IUMI – Risk Assessment and Loss Prevention
Technical Feature - IFRIMA: Promoting Risk Management Discipline to All
Technical Feature - FERMA: Impact of New Risks & Regulations on Risk Managers
Technical Feature - Using Strategic Risk Management to Optimise the Risk/Return Ratio
Insights - Gearing Towards Electronic Risk Distribution
News - Asia: Malacca Strait War-Risk Rating for Ships Removed
News - Hong Kong: FP Marine Risks Launches Trade Finance Initiative
The annual International Union of Marine Insurance (IUMI) forum will be held in Tokyo, Japan, from 17-20 September 2006 and at last count, the level of attendance seems likely to equal that held in Singapore 2004 when the number reached 400. As a curtain-raiser to this...
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Insurance companies are not doing enough to promote risk management, said Ms Susan Meltzer, Chairman of the International Federation of Risk and Insurance Management Associations (IFRIMA). In this interview, she tells Asia Insurance Review that the ...
There is a lot of work still to be done with insurers as they are very reluctant to take on risks that cannot be calculated actuarially, said Ms Marie-Gemma Dequae, President of the Federation of European Risk Management Associations in Europe (FERMA). Here, she...
Until a few years ago, when corporate leaders were asked, “What does risk management mean to your organisation?” the traditional response would most likely only refer to adequate insurance protection and disciplined housekeeping. Today, large corporations are...
Towards the end of June this year, Aon announced it was moving to electronic risk distribution and that it would be using the RI3K electronic marketplace. We examine the implications for the global insurance and reinsurance industries with Mr Alex Letts, the...
Zurich International Life (ZIL) Limited, lured by the pool of investment savvy Singaporeans looking for investment opportunities, set up an office on the island about six months ago. Mr Martin Davis, Chief Executive Officer of Zurich International Life Limited...
Scottish Re is spreading its wings to Japan, having established a new Representative Office there in March this year. Mr Andrew Linfoot, Director for Asia and Principal Officer for the Singapore Regional Headquarters talks about the potential for life insurance...
Mr Neil Smith, Marine Aviation and Transport Manager at Lloyd’s Market Association, looks at current market issues and describes marine sector activity in the London and international insurance market.
When it comes to forecasting the fortunes of the container industry, the 2006 term has been, and remains a tough one to call. Mr Colin Fordham, Regional Manager Singapore, TT Club has been listening to the thoughts of the industry’s opinion makers to arrive...
It is a common misconception in the insurance world that cargo insurance and similarly, cargo reinsurance is one of the less complicated lines of business as compared with the dominant property / engineering and liability lines. The sector experiences its fair share of...
A marine insurance contract is a contract uberrimae fidei – it is a contract based on utmost good faith, such that if either party does not observe this, it will allow the other party to avoid the contract. Mr Sin Lye Kuen, Partner in DLA Piper Rudnick Gray...
The huge Asian insurance market is a magnet for western underwriters and brokers, including some of the world’s biggest insurance groups. AXA in France is near the top of the world league, and this year marks the 21st anniversary of its universally recognised...
Aon Re Australia recently deployed a team to the areas affected by Hurricane Larry to survey the damage to residential, commercial and industrial buildings. Dr Pierre Wiart, Director – Catastrophe Modelling and Mr Matt Botfield, Director –...
Mr Hugh McCormick, Executive Vice President, Corporate Development, at Scottish Re Group Limited, looks at how securitisation has developed in recent years into an important tool for capital management by financial institutions and the benefits and concerns of...
In the first of a series of articles in which we go “back to basics”, looking at different topics in insurance and reinsurance law, Ms Carmel Walsh, a partner who works with the Professional Liability and Commercial Litigation, and Reinsurance &...
The 23rd EAIC in Bandar Seri Begawan, Brunei, scored several firsts and touched on hard issues ranging from claims to catastrophes to free trade and management cultures, with more than 900 delegates benefiting from the wide-ranging discussions and networking ...
This year’s 42nd annual International Insurance Society (IIS) focused on the survival issues of implementing enterprise risk management (ERM) diligently and correctly across entire businesses. Other issues raised were catastrophe and regulatory concerns as well as...
Mr Peter Zimmerli, Natural Hazards Expert, Swiss Re Asia, and Ms Maria Pawiro-Viragh, Client Manager, Indonesia, Swiss Re South East Asia, look at earthquake insurance pool solutions aimed at providing Indonesians with sustainable insurance protection.
Australian Treasurer, Hon Peter Costello MP took the superannuation industry by surprise in the May 2006 Budget with his policy of “Simplifying and Streamlining” superannuation. Senator for Tasmania John Watson looks at the changes in...
Mr Gordon Perchthold, a management consultant that assists insurance companies with market analysis, strategy development, vendor selections and the implementation of change, is well-known for regularly challenging status quo thinking. In this article, he brings...
Mr Marc Breuil, Chief Liability Underwriter for AIG South East Asia and China looks at the rise of cross-border activity and how it has created specific challenges for insurers, as they will need to develop their capabilities and network to service the risks ...
Boiler room distribution operations employing aggressive sales and marketing tactics, massive new business volumes, high commissions, opaque disclosure and products are designed more with the needs of the distributor in mind than that of the consumer, says Mr ...
A wide variety of companies from small to large partnerships now have corporate collections with the financial sector leading the way, although legal, engineering, chemical and pharmaceutical, IT, retail and manufacturing companies all now feature in the list of...
In September at the Monte Carlo Rendezvous, rating agencies take centrestage for one reason or another. Here, we bring you an update taken from the Geneva Papers on what is being done to keep check on rating agencies given the close to omnipotent role they play in the...
The engaging and friendly Mr TM Shih, Chairman of Fubon Insurance, is a true veteran in the Taiwan market, having devoted his almost 40-year career to growing the company and the general insurance industry at large. Here, he talks about his current focus on...