Do International Schools Really Need Risk Management? Risk management for international schools seems to be a strange practice. Are not schools supposed to be safe havens? Here are 3 potential high-severity risks that are common across many international schools: 1. Health and safety risks: They often have students and staff from diverse backgrounds. This can [...]
With the disruptions in supply chain, building costs have escalated over the last 2 years. If you own or operate a business premises in Singapore, you will need to have a property insurance policy to cover your buildings and other assets. Are your sum insured are up-to-date and sufficient to protect your business in the [...]
Data Breach: What Actually Happened In The Recent Singtel Case Some of us started following the Accellion data breach case in late December, sometime around the Christmas Day period. Accellion discovered that a bad actor had hacked it's way into the secure file transfer application, via a zero-day vulnerability. Interestingly, this file transfer application product [...]
Security hackers pose a serious threat to your business! They are highly intelligent, motivated and determined (mostly professional or state-sponsored hackers) and if you happen to be in their crosshairs, it is just a matter of time before they pull their trigger to launch cyberattacks to disrupt or cripple your operations. High profile corporations like [...]
COVID-19 has reared its ugly head spewing out viral loads of infections across our community and hitting hard on our foreign workers in the construction industry. Foreign Workers in Singapore With the spotlight falling on foreign workers (and that includes domestic helpers), employers are scrambling to review their Foreign Workers Medical Insurance (FWMI) policies whether [...]
INSURANCE ADVISORY ON CORONAVIRUS Acorn International Network - Insurance Advisory on Coronavirus We are in the throes of a deadly coronavirus outbreak which originated from China and which has now spread to more than 20 countries. Globally, more than 75,000 people have been infected with more than 2,000 reported deaths. The numbers are [...]
How We Negotiated Settlement of Difficult Marine Cargo Claim The phone rang. "Hello, this is John. Our 20’ FCL reefer container of Assorted Milk Products arrived yesterday from Durban. The contents are badly damaged. Please send Surveyor to inspect damage at our haulier’s warehouse. This is URGENT ". That anxious call came three years ago from [...]
Are you in the hospitality or entertainment industry involved with running events? Behind every event lies hours of hard work and in some cases, large amounts of capital. Despite years of experience and careful planning, things do not always go according to plan. Hence, having the proper Events Insurance can help protect your business and [...]
The use of ransomware in cyberattacks by hackers are soaring at an alarming rate! These hackers cripple our business technology systems from supply chain to payments to manufacturing. They use ransomware and sophisticated malware programmes and will only stop when their ransom demands are met. According to a Reuters report, businesses reported a 365% increase [...]
We have assembled the strongest, most experienced Trade Credit, Bond and Political Risk team! Are you selling on credit, to new customers or to new markets? If so, meet our Trade Credit, Bond and Political Risk team! We have helped our clients develop customized solutions through structured credit insurance for some of the following problems [...]