Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Supply chain disruptions affect performance of Philips

October 13, 2022 Reprints

Dutch conglomerate Koninklijke Philips NV expects third-quarter sales to decrease 5% year-over-year to €4.3 billion ($4.2 billion) due to prolonged supply chain disruptions and a worsening economy, MassDevice reported. The company also expects to log a €1.3 billion impairment of goodwill charge in the third quarter as it faces a proposed U.S. Department of Justice consent decree over a massive recall of respiratory devices.

1. Insurers likely to avoid major financial hit from CrowdStrike outage
2. Business interruption claims to drive bulk of losses after IT outage
3. WTW’s net income grows by 48%
4. Brokerage M&A activity in Canada expected to accelerate
5. Allianz to buy 51% stake in Singapore insurer for $1.6 billion
6. Insured losses from nat cats likely to continue rising: Swiss Re

Help

Supply chain disruptions affect performance of Philips

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources