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A report found that 60% risk managers ranked as a top priority transforming the risk function through big data and analytics, Middle East Insurance Review reported. The digitization of the risk function is expected to bring stability to firms seeking to navigate uncertainties such as unpredictable global economic headwinds and rapidly evolving technologies. The report was released by Marsh and McLennan Cos. Inc., Asia Pacific Risk Centre and Singapore-based Pan-Asia Risk and Insurance Management Association.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees