Mr Jim Attwood from Asia Capital Reinsurance examines some technical and structural inefficiencies for mega risks which can lead to mis-pricing, anti-selection, and unsustainable cross-subsidies.
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Thanks to a “global” economy, the world is a smaller place. FM Global’s Mr Peter Madeley looks at the challenges risk managers face today, especially when their companies go global.
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The Geneva Association is working hard to get the voice of insurers heard at the highest levels. We bring you GA’s letter sent to the Group of 20 leaders ahead of their meeting in Toronto.
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Combating climate change is not only opening up new business segments and creating opportunities for the insurance industry, but is also creating an advantage for countries that are leaders in innovation, which include China, according to Munich Re. The world’s largest reinsurer sees opportunities for insurance companies, which take the lead in providing new forms of coverage, from renewable energy production to carbon trading.
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Globalisation over the past two decades has surged like a tidal wave. Whilst it has made the majority of us healthier, wealthier and wiser about our planet, the financial crisis has also shown that it can leave society exposed to systemic risks that, if the wave breaks, require international co-operation to predict and prevent rather than react and solve, notes a new Lloyd’s report.
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