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Allianz Global Risk Dialogue

Published

2019

Mon

30

Sep

 

The rise of the cobots

 

Collaborative robots – or “cobots” – are a key manufacturing technology for tasks requiring human and machine cooperation and have been identified by the AGCS Trend Compass as a trend that will gain significant traction in a number of industries over the next five to seven years. What are the benefits and risks associated with increasing adoption? And how will insurance respond?

 

4 questions to the Global Head of Marine Claims

 

In a volatile marine market with increased claims due to old risks like fire, new ones like cyber and complexities like larger ships, misdeclared and dangerous cargo, higher general average costs and increased subrogation challenges, a good claims team has to play in perfect harmony, explains new marine claims “Chef d'orchestre,” Régis Broudin.

 

Here comes bad news

 

Natural disaster, cyber-attack or accounting irregularities – it doesn’t take much for a company’s reputation to be left hanging by a thread. One of the biggest risks that companies face is the loss of a good name, and that cannot be insured against – until now.

 

Moving earth, battling flood

Can drones help risk engineers to better assess and model potential flood risks on construction sites? AGCS' risk consulting experts put the question to a simulated test in Angola.

 

Damages under the microscope

 

Accidents happen. And when they do, insurers ask why, in order to build strategies for avoidance next time. At the Allianz Center for Technology (AZT), the leading consulting and research institute for risk engineering at AGCS, damage is an opportunity for knowledge. Scratches, tears, breaks and gnarled nubs of metal become art – painting a picture of perils that became losses.

 

A kink in the chain

 

An illegal economy based on human exploitation is  thriving,  affecting commodities  we  all use – from cocoa to computers. Global businesses are challenged to respond due to the lack  of local legislation, lax enforcement, vague means of gathering proof and other factors. How can they mitigate this billion dollar battle – and win? And what risks do they face if they aren’t vigilant about what is happening in their supply chain?

 

Keeping an ambitious railway project on track

Set to begin operations in 2020, and part of China’s ambitious Belt and Road Initiative (BRI), the Laos-China Railway, is a rough ride. Global Risk Dialogue goes onsite to explore potential risks that could derail it – landslides, monsoons, blocked tunnels and washed-out bridges.

 

A look behind the flames

The Notre Dame Cathedral blaze may have shocked the world but, for businesses, it should be another reminder of why fire/explosion risk is their number one cause of loss. With all structures at risk, Global Risk Dialogue looks at how businesses can better protect themselves and prevent any subsequent business interruption from burning a substantial hole in their balance sheets.

 

Loss log: Lightning

 

Lightning never strikes twice? Not if you are an insurer. Although such incidents are not particularly frequent, insurers still have to deal with hundreds of claims a year resulting from strikes, which can cause millions of dollars of damages, particularly in the aviation sector.

 

 
Source: Allianz Global Corporate & Specialty South Africa Ltd
 
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From The Glossary »

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Cancellation, Short Rate:

A cancellation on which the earned premium is calculated at a ratio higher than the proportion that the elapsed period bears to the full policy term. For example, an annual policy in force for six months may have a short rate earned premium of 60% of the annual premium.
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