Professional Services

China’s Belt & Road Initiative: Opportunities and Risks for Singapore and ASEAN

The Belt & Road (B&R) Initiative, a development strategy proposed by Chinese President Xi Jinping that focuses on connectivity and cooperation – with an investment of many billions in railway lines, pipelines, and ports, could provide a boost for international trade – and also for insurance. However, the opportunities that the B&R initiative brings also result in some risks and challenges. B&R will pass through diverse countries spanning Africa, Asia, and Europe, exposing participating companies to political, credit, and security risks. Numerous countries receivi…
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Managing Your Cyber Risk Posture: From Risk Transfers to Business Continuity Management

Despite being 80 percent more likely to be targeted by hackers than the rest of the world, cyber risk mitigation efforts in the Asia-Pacific region are generally weak.  This can be seen in the low levels of awareness and insufficient cybersecurity investments.  It is also reflected in the lower than necessary cyber insurance adoption rates in Asia. In this paper we begin by realigning the common misconceptions businesses have regarding cyber risk insurance. Then, we recommend a three-pronged approach, which details an action plan to demonstrate to organizations key consideration…
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Cyber Risk in Asia-Pacific - the Case for Greater Transparency

Cybercrime is becoming a greater risk in doing businesses in Asia-Pacific (APAC) as compared to the West. Rapidly growing connectivity and the accelerating pace of digital transformation expose the APAC region, and make it particularly vulnerable to cyber exploitation. Evidently, according to the 2017 edition of the Global Risks Report, cyber concern around the likelihood and impact of technological threats has sharpened among business executives in APAC, and cyberattacks are ranked among the top 5 risks of doing business in the region. To complicate matters further, the lack of…
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Global Risks Report Highlights Geopolitical and Technological Risks

Global Risks Report Highlights Geopolitical and Technological Risks Today’s business leaders face new threats but can find new opportunities in a changing global risk landscape. The just-released 12th edition of the Global Risks Report, prepared by the World Economic Forum with the support of Marsh & McLennan Companies and others, points to the need for businesses to understand and plan for an array of risks that are emerging in a context of rising geopolitical tensions, deepening societal polarization, and rapid technological change. The report also explores interconnectio…
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