supply chain disruption News

Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey

The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue for executives working in business …

Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey

Six out of 10 organizations in Asia Pacific experienced at least one supply chain disruption in the past year, with one in four incidents costing more than US$1 million, according to a survey conducted by the Business Continuity Institute (BCI) …

Climate Change Is Major Concern for 78% of SMEs: Zurich Report

Climate change is a major concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global SME survey. Almost four-fifths (78 percent) of SMEs surveyed expected risks associated with climate change to have a significant effect …

Zurich Offers Post Cyber Attack Response Service in APAC

Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can …

Death Toll Rises from Japanese Earthquakes; Supply Chain Disruptions Examined

The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions. The quakes that struck the island of …

Sony’s Camera Chip Factory Halts Production After Japan Temblor; AIR Comments

The earthquake in southern Japan that killed nine people, damaged buildings and derailed a bullet train also halted production at a Sony Corp. camera-chip factory, a key part of the global smartphone supply chain. The plant in Kumamoto on the …

Top 5 Issues in Often-Misunderstood Business Interruption Insurance

The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues related …

Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion

Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion [$2.72 billion] profit for the first half of 2014. …

Aon’s New Political Risk Map Highlights ‘BRICS’ Increased Risks

Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five emerging market BRICS countries. Aon noted that “as a result, countries representing a …

Swatch Workshop Fire Seen Affecting Other Watchmakers

A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers as it supplies more than the Swiss firm itself. A break in production is likely to cut the availability of parts to an industry already …