Global Risk Manger – Hard times
Global Risk Manger spoke with QBE Asia, Chief Underwriting Officer, Andy White on how the market has had a global impact, but in Asia it is a mixed picture, with some classes seeing price increases and others like liability remaining relatively flat.
Insurance for ecommerce retailer liability
Asia Insurance Review spoke to with QBE Asia’s Ms Arati Varma and Somandy and Associates’ Mr Burzin Somandy to see whether ecommerce retailers can be liable for third party products sold via their platforms - and how insurance may help in such cases.
Overall, the ocean hull sector is improving but it is not yet certain how sustainable that improvement will be, according to Mr Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI).
Marine insurers find little to be cheerful about these days. Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI) expressed concern over the long-term sustainability of the hull and machinery insurance sector.
Steve Wilson, Regional Head of Claims, QBE Asia shares how our claims processes continue to get more streamlined and sophisticated and how this has changed our business.
Jason Hammond, chief executive of QBE Asia, discusses the low take-up of cyber insurance and how his firm aims to take the pain out of the overall claims experience for clients.
Firms with inadequate risk management protocols may find their cover reduces or withdrawn altogether, particularly in terms of ransomware risk. QBE Asia, Head of Financial, Professional and Casualty lines, Arati Varma, said around 40 per cent of large organisations are believed to buy cyber protection. But take-up among small and medium enterprises (SMEs) is far lower.
Today’s “no-contact” pandemic has challenged businesses to find ways to continue operating and supporting customers, without the need for physical interaction. This has created an urgency for businesses and industries—many of which have operated unchanged for decades—to digitalise their operations quickly and effectively to ensure business continuity.
QBE has had a good year, despite COVID-19 hitting the business hard. Asia CEO, Jason Hammond shares with Asia Insurance Review about QBE’s plans for the post-COVID environment with an emphasis on digitalisation.
Asia is catching up fast in hull insurance and leading the way in its emergence is Rama Chandran, head of marine at QBE.
Asia CEO, Jason Hammond, who has been named in The Insurance Business Global 100 list for the second consecutive year. The list features outstanding industry professionals and leaders who are making a positive difference and helping drive change across the sector and their own companies.
South East Asia is a very diverse group of countries – from its language and customary practices, legal frameworks to its regulatory oversight. This article gives a high-level review of some of the common issues affecting securities collective actions across the region. In summary, South-East Asia remains a low-risk region for securities class actions for the reasons outlined. However, directors and their insurers should not be complacent and ignore the risk of exposure to US class actions.
CEO Asia, Jason Hammond, recently spoke with Insurance Asia News and shared about the restructuring process and transformation, and his outlook on the Asian markets’ growth opportunities, broker consolidation and the rise of digital and insurtech in the post-Covid environment.
CEO Asia, Jason Hammond shared his insights on ensuring business continuity and being there for customers, partners, employees and the community during these challenging times.