AGCS analysis of more than 1,700 cyber claims: External events such as “DDoS” attacks result in the most costly cyber losses but internal incidents like human error or systems failure occur more often, albeit with a lower financial impact.
AGCS report: traditional property and liability claims have been subdued during lockdowns but this was more than outweighed by a surge in Covid-19 related claims notifications, particularly from the entertainment industry.
However, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges.
Allianz (China) Insurance Holding Co. Ltd. announced today that the group’s key institutions in mainland China and Allianz SE will jointly set up an emergency response fund to support China’s fight against the coronavirus epidemic.
After seven years as the top risk globally, BI drops to the second position but maintains top spot in China in the Allianz Risk Barometer reflecting the continuing trend for larger and more complex BI losses.