Articles

Concerns mount over Data Privacy Guidelines set by Genetic-Testing companies

Health, Regulation, Risk Management       Aug 04, 2018

  Genetic-testing companies that have decoded the DNA of millions just introduced new guidelines to protect data privacy.   But those best practices failed to address a major concern: what happens to customers’ data that is shared for research with pharmaceutical giants, academics and others, often for...

Cubillas Ding,Research Director, Celent

SAS supports Insurers to meet IFRS 17 compliance

Regulation, Risk Management, Technology       Jul 30, 2018

  When the new International Financial Reporting Standard 17 (IFRS 17) takes effect onJanuary 1, 2021, it will upend decades-old insurance financial reporting standards. Though seemingly the tiniest glimmer on a distant horizon, navigating the intricacies of IFRS 17 will require painstaking planning and precision. Only...

Brendan Plessis, Executive Vice-President, Emerging Markets, XL Catlin

Partnering with World Bank to close Protection Gap

Disaster Management       Jul 25, 2018

  The incessant drumbeat of the headlines notwithstanding, most parts of the world are indeed becoming safer, more resilient and more prosperous. Since 1990, for instance, the percentage of the world’s population living in extreme poverty has declined from around 34 percent to less than ten...

Stephen J Mildenhall,Assistant Professor,School of Risk Management, Insurance & Actuarial Science, St. John's University, New York

Blockchain: Mechanics and Magic

Risk Management       Jul 20, 2018

  The Blockchain cures all ails. It is an immutable (unchangeable) and unhackable database. It lowers transaction costs and enables trust between strangers. It unshackles us from authority. It will revolutionize insurance: Executives everywhere must pay attention. Blockchain is the new plastic. Or so the myth...

Cyber, Climate Risks & Human Error Threaten Shipping’s Safety Progress,Asian losses buck global trends

Non Life-News       Jul 19, 2018

  London/New York/Munich/Paris/Singapore: Large shipping losses have declined by more than a third (38%) globally over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017.    Yet, incidents in the South China,...

Growing debris risks for Satellite Operations :Swiss Re

Risk Management       Jul 17, 2018

  Zurich: Over the next 10 years, the number of active satellites in orbit is set to multiply. New satellite constellations that deliver global services like Earth observation, internet connectivity and voice communications are spurring this development.    Lower orbits in particular are becoming increasingly populated and...

US Regulators try to navigate Legal, Social, Safety Issues raised by Autonomous Vehicles

Non Life-News       Jul 11, 2018

  In closed-door meetings last March, U.S. transportation regulators and others grappled with questions about whether police should have the power to disable self-driving cars and whether an automatic alert that a robo-taxi had been in a wreck could violate an occupant’s privacy, a report released...

Mitigating Cyber Risk via Captives

Risk Management       Jul 12, 2018

  Increasingly challenging The reality today is that virtually every individual and organization is vulnerable to a cyberattack, and the nature of the threat is continually evolving.The mayor of Atlanta, for example, was recently quoted as saying, “We are dealing with a hostage situation.”   She was...

Emerging sex disease MG 'could become next superbug'

Health       Jul 11, 2018

  A little known sexually transmitted infection could become the next superbug unless people become more vigilant, experts are warning, according to a  BBC rport.   Mycoplasma genitalium (MG) often has no symptoms but can cause pelvic inflammatory disease, which can leave some women infertile.   MG can...

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