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Business Interruption tag returned 11 results

  • Asian CFOs see improving business climate as US-China trade dispute settles down

    A survey conducted by Zurich Insurance, found that 62% of CFOs in Asian companies were optimistic of an improving business environment for foreign firms in the US. The survey, with inputs from 500 CFOs in 30 countries, indicated that the majority of respondents believed economic fundamentals would prevail over the current trade disputes between the US and China.

    AIRPlus | 11 Jun 2018
  • Global: Energy sector is more wary of phyiscal damage from cyber attacks than other industries

    Energy executives are more likely to name physical damage and disruption/interruption industrial systems or other operational technology as outcomes of cyber attacks than respondents from other industries, according to a report by Marsh, a global leader in insurance broking and innovative risk management solutions.

    Middle East | 08 Mar 2018
  • MENA: Business interruption losses to rise in more integrated oil & gas sector

    Business interruption losses in the oil and gas industry are likely to increase over the next decade unless greater attention is given to how an event could affect supply chains that are more integrated, interdependent, and streamlined, says Marsh, a global leader in insurance broking and innovative risk management solutions.

    Middle East | 07 Mar 2018
  • KFC in the UK serves up many risk management lessons, even if no chicken

    As many as two-thirds of KFC 900 eateries in the UK were closed last weekend as it was unable to serve up the main thing diners expect to eat at the chain-chicken-due to a major supply-chain hitch.

    Asia Risk | 28 Feb 2018
  • Cyber attack top business threat for third year running--survey

    Cyber attacks have once again been ranked the top business threat for 2018, according to the seventh edition of the Business Continuity Institute's (BCI) Horizon Scan report. The large-scale cyber attacks that took place last year reaffirmed the need to build cyber resilient organisations.

    Asia Risk | 14 Feb 2018
  • Singapore: Financial sector simulates cyber and physical attacks in business continuity exercise

    Singapore's financial sector participated in a large-scale industry-wide business continuity exercise last week, responding to simulated scenarios in which terrorist and cyber attacks disrupted operations and made financial services unavailable.

    Asia Risk | 30 Aug 2017
  • Hong Kong: Over 25% of firms suffered business interruption loss

    More than a quarter (26%) of Hong Kong's businesses have suffered lost income due to a business interruption in the past year, research from QBE Insurance indicates.

    Asia | 10 Jul 2017
  • Asia CAT: Regulators urge collaboration on disaster risk management

    Despite technology advances and continuous innovation, no one can precisely predict natural disaster occurrences nor control its damages, said Dr Tien-Mu Huang, Vice Chairman of the Financial Supervisory Commission (FSC), Taiwan, at the 15th Conference on Catastrophe Insurance in Asia yesterday. Citing catastrophic losses and severe impacts on the global insurance industry from events such as the Queensland and Thai floods, the Tohoku earthquake and Typhoon Morakot, he noted that economic losses caused by Nat CATs usually affect not just one country or region, but also tend to spread to the whole world. He thus urged both industry and governments alike to pay serious heed to disaster risk management issues and look to tackle them via insurance, capital market solutions and regional collaborations.

    Asia | 21 Jun 2017
  • Asia: SMEs in supply chains need to be alerted to cyber threat

    Big corporations have a responsibility to put pressure on their supply chain in order to get small and medium-sized enterprises (SMEs) tuned into cyber risk and improve their resilience against cyber threats, delegates at the 2nd Asia Cyber Risk Summit were told yesterday.

    Asia | 16 Jun 2017
  • South Korea: Kaesong firms suffered losses of over US$1 bln

    The total damage suffered by all 124 firms as a result of the forced closure of their operations in the Kaesong Industrial Complex on 10 February last year amounts to at least KRW1.5 trillion (US$1.31 billion).

    Asia | 23 Feb 2017


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