Articles by Francesca Nyman
Firms still failing to focus on supply chain resiliency
Despite a number of wake-up calls from last year's catastrophe events, many organisations still lack complete visibility into their supply chains and remain vulnerable to the next disaster, according to a white paper published today by Marsh.
Fico launches new model management tool for insurers
Analytics provider Fico has launched a management system aimed at improving the return on investment for predictive models used in insurance.
Admiral sells Chiarezza to BlackFin Assurance
Admiral has sold its Italian price comparison venture to BlackFin Assurance Courtage.
Knipper to succeed Mayr as CEO of Axis Re Europe
Bermuda-based Axis Capital will make changes to its European management team over the course of 2012.
Microinsurance extended to Nepal's rural poor
A microinsurance scheme for Nepal's rural poor is to be established next month, according to local paper The Himalayan Times.
Globaleye recruits new MD from Noor Takaful
International wealth management company Globaleye has appointed Jawaid Tabassum as general manager for its general insurance and employee benefits department in the United Arab Emirates.
Liability insurance needed for China's food industry
A Chinese official has called for the piloting of mandatory liability insurance for the country's food and beverage industry.
Irda supports state-backed health scheme
India's Insurance Regulatory and Development Authority has come out in favour of a government-backed health insurance scheme.
AIR targets supply chain risk
AIR Worldwide has expanded its suite of catastrophe risk engineering solutions to quantify and mitigate the risk associated with the impact of catastrophes on supply chain networks.
Zurich relocates Dubai office
Zurich Insurance Group has relocated its Dubai General Insurance offices to accommodate growing operations in the United Arab Emirates and increase convenience for customers and partners.
Ferma launches 2012 benchmarking survey
The Federation of European Risk Management Associations launches the 2012 Ferma Benchmarking Survey today.
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.
India's domestic market faced restrictions at renewals
Despite positive results in the Indian domestic market, insurers faced problems similar to their Asian counterparts at the April 1 renewals, according to Guy Carpenter.
Energy insurers discriminating in favour of differentiated risks
The energy market recorded its worst ever year for non-windstorm losses in 2011 with close to $9bn in combined insured and uninsured total losses, according to Willis' Energy Market Review.
Vietnam ministry to pay 20% of export credit premiums
Vietnam's Finance Ministry has offered to pay 20% of insurance premiums for export credit orders if enterprises buy export credit insurance.
Insurers must develop policies responsive to evolving risk landscape
A paper published by Marsh today urges insurers to re-examine risk management strategies and introduce procedures that strengthen operational and financial resilience.
Fringe markets to drive takaful gross contributions to $12bn
Global takaful contributions grew by 19% to $8.3bn in 2010, according to Ernst & Young's World Takaful Report 2012.
Capital requirements threaten stability of Philippines market
The Philippines insurance market has recovered from the turbulence of the global financial crisis but faces significant hurdles with the introduction of higher capital requirements, according to an AM Best report.
Integrated risk management absent in most APAC insurers
Despite strong progress in Japan, Australia, Taiwan and Singapore, most insurance companies in Asia-Pacific are still formalising their enterprise risk management governance structures.
Iran insuring oil tankers as sanctions bite
Iran is insuring tankers transporting its oil to buyers at a cost of millions of dollars per delivery, according to reports.
RSA launches renewables research scheme
RSA today launched its Rethinking Risk: Renewable Energy campaign at the European Wind Energy Association conference in Copenhagen.
Islamic Financial Services Board admits five new members
The Islamic Financial Services Board has admitted five new organisations into its membership.
IAG expands in Asia with Malaysian acquisition
Insurance Australia Group's Malaysian joint venture, AmG Insurance Berhad, has agreed to acquire Kurnia Insurans Berhad for RM1.55bn (€384m).
Japanese insurers to limit tanker coverage due to sanctions
Japanese oil buyers will be forced to coordinate schedules after insurers warned they will cover only one tanker transporting Iranian oil at a time after the 1 July sanctions deadline.