Flood risk mitigation: preparing a response plan
Major weather events have become a regular feature on our daily news including periods of prolonged rainfall resulting in flood events. Flooding can cause widespread damage and disruption to homes, businesses, and national infrastructure, potentially resulting in costly restoration and business interruption. The continued effects of climate change mean extreme weather events are projected to increase in severity and likelihood. Preparation before a flood event is key to help avoid or minimize the impact of a flood loss.
Parenting and Productivity: A Winning Workplace Formula Focused on Employee Benefits and Wellbeing
In today’s evolving work environment, employee wellbeing stands as a cornerstone of successful organizations. For working parents, balancing professional duties with family life is critical not only for personal happiness but also for workplace productivity. Companies that prioritize family-friendly policies and employee benefits not only retain top talent but also foster a culture of trust, loyalty, and wellbeing.
Employer’s Legal Liability Beyond Work Injury Compensation
Employer’s liability refers to the legal responsibility that the employees made to their employer in the employees’ bodily injury claims due to the employer’s intentional act, negligence or liability without fault.
Although most people’s first reaction could be work injury compensation, in fact, the employer’s legal liability includes many other aspects not limited to that.
Protecting businesses against a rising cyber threat
A rapidly changing cyber risk landscape requires companies to reassess defence levels regularly to minimise potential damage to their balance sheets and reputations. While cyber insurance underwriters have become very selective in their approaches, this process is having a positive effect in helping companies to identify and address their weaknesses.
Travelling Aboard – From A Risk Management Perspective
With China’s increasing foreign trade and cultural exchange with the world, Chinese people travelling for business and leisure purposes becoming more and more frequent. When travelling abroad, the problems faced by the people can be related to language, local customs and habits, region and culture, safety, transport, medical needs and many situations differ from those in China. From a risk management perspective, these differences imply risks. Some of them could be relatively riskier than others which need better preparations and serious precautions.
Professional Indemnity – Protector for Working Class
As a broker, we have seen a continuous rise of enquiries about Liability Insurance in China recently, with an especially high attention on Professional Indemnity. This article is a brief discussion of its basics, the industries needed to buy Professional Indemnity Insurance (PI) and the main aspects affecting its pricing. What is Professional Indemnity Insurance? Professional Indemnity Insurance is designed to protect insured businesses from claims arising from their mistakes, errors or omissions of their professional services. Whether if they are lawyers, medical practitioners, consultants or engineers, this type of insurance can provide them with the necessary protections to ensure […]
Driving Gender Equality and Empowering Women Leaders in the Workplace
In today’s rapidly evolving business landscape, talent scarcity has become a pressing concern across industries. Factors such as an aging population, declining fertility rates, widening wealth disparities, and the emergence of generative AI and Web3 developments contribute to the complexities of fostering gender equality. To create an inclusive culture at work that empowers and supports women leaders, organizations must proactively address the following challenges: Societal Pressures on Caregiving Responsibilities In Hong Kong, almost half of working adults have caregiving responsibilities, with women bearing the majority of this burden of caregiving for both the elderly and children, including those with special […]
2024 Lockton’s Insurance Seminar in Shanghai
On November 21, Lockton China hosted an insurance seminar in Shanghai where insurance experts and clients could meet face to face in a forum for trending topics and market updates. Co-sponsored by Huatai Insurance Group, Lockton’s tea-gathering style seminar has chosen the elegant Sinan Mansions in Huangpu as the venue. The speakers shared with guests the current and future economic outlook while analyzing the geopolitical aspects outside of the country which could affect the business environment and insurance markets. This can help clients to grasp the risk and factors they are facing and to prepare for these changes and seek […]
People Solutions Hong Kong won the Gold Award in Best Compensation & Benefits Consultancy at the HR Vendors of the Year Award 2024
Lockton Hong Kong is thrilled to announce that, our People Solutions team has been recognized as the HR Vendors of the Year in Hong Kong 2024 for Gold in Best Compensation & Benefits Consultancy! This achievement reflects the hard work and dedication of the team in pursuing excellence and striving to serve our clients. Lockton’s client-first approach focuses on providing actionable advice to enhance employee wellbeing and tailoring employee benefits programs to ensure clients feel valued and supported. “Our commitment is to foster happy, healthy workplaces, enhance productivity, and ultimately reduce health-related expenses,” says Stella Sung, SVP, Head of People […]
Lockton Reinsurance team in the 2024 Shanghai International Reinsurance Conference
Held in Lingang on 22-25 October, the Shanghai International Reinsurance Conference has attracted over 1,300 participants of more than 360 organizations from 23 countries around the world. The theme for the event is “Embracing Openness for Mutual Benefits with Global Cooperation”. It marked the official launch of the Shanghai International Reinsurance Exchange. In conjunction with the launch, the conference was designed for industry experts to discuss both cross-border and domestic reinsurance services, digitization and information management in their respective areas. Lockton China’s Reinsurance team joined the event and met with insurers, industry experts and representatives from financial institutions face to […]
