Alternative risk transfer taking insurance industry by storm
IMAGINE you are the owner of a nature resort and a major wildfire sweeps in, leaving a trail of devastation over a vast swathe of forest but which miraculously spares your property. Or suppose you have a small factory dealing in auto parts in an industrial park when once-in-50-years torrential...
Insurer AGCS 'seeing a much-stronger increase in premiums' for 2019
INSURANCE premiums are likely to see a firmer rise this year following a marginal increase in 2018, said Allianz Global Corporate & Specialty (AGCS) chief executive Chris Fischer Hirs.
Business interruption resurfaces as top business risk in Singapore
BUSINESS interruption has re-emerged as the top business risk in Singapore this year, with companies increasingly concerned about more diverse and complex business interruption scenarios coupled with rising costs, a recent report by German insurer Allianz has found.
For Sakae, it's once bitten, still not shy
SUSHI maker Sakae Holdings has found itself in a pickle yet again.
French transport group trains its sights on Singapore MRT, public bus services
FRENCH multimodal transport operator RATP Group is determined to gain a foothold in the Singapore public transport sector despite three failed attempts, the first of which goes back as far as 17 years.