Companies that trade on credit terms with their customers are vulnerable to the risk of bad debts.
Bad debts can be caused directly by the customer’s failure to pay their trade credit debts owed as a result of the customer becoming insolvent, or by failing to pay within the agreed terms and conditions of the transaction […]
History of Insurance
Many people believe that insurance, a method of equitably transferring and distributing risk, started with Lloyds (the “world’s specialist insurance market”) in the late 1600’s, as a means of funding and securing the risk of trading vessels as they set out on their journeys to the New World. Of course, Lloyd’s, then, was […]
As you go about your everyday affairs, driving in Thailand, you might be interested to know that according to a February 2014 study carried out by the University of Michigan Transportation Research Institute, Thailand has the second highest road crash fatality rate in the world, with 44 deaths per 100,000 population. Namibia ranked highest with […]
A trip abroad, whether it is for business or pleasure, can take months of planning and can be ruined in an instant.
The news, recently, that a month-long cruise around the Pacific had to be curtailed due to an outbreak of the norovirus (also known as winter vomiting disease, 24-hour stomach flu, and “it makes you […]
Many expatriates are fortunate to have company funded medical insurance as part of their remuneration package. However, as international health insurance plans have become gradually more and more expensive an increasing number of expatriates have found themselves on local employee benefits plans instead. Happily for most people this will be fine, but serious accidents and […]
Recently we reported on the real cost of a cyber security breach and outlined that an average date breach results in around 29,000 compromised individual client records. Apart from the actual cost of remedying the cause/s of the cyber security breakdown, the average cost to a company for lost business alone was about $3,300,000 (Baht […]
In the past, Bangkok has been notorious for regular destructive floods. Of course, for a city which has been called the Venice of the East and which is said to be sinking at a rate of several centimetres per year the possibility of flooding is widely accepted by both insurer and insured.
But floods can be […]
In an earlier post, we advised that the average loss for a large company resulting from a cyber security breach cost around $5.9 million, or roughly Baht 185 million.
On average, a Poneman Institute study found that, in the US, a data breach resulted in around 29,000 compromised data records with an approximate cost of about Baht 6,400 […]
According to a PricewaterhouseCoopers survey, in 2013 the number of cyber security incidents globally soared to 42.8 million, up 48 percent from 2012, while the average loss for a large company rose from $3.9 million to $5.9 million. Companies that have seen recent, major cyber breaches include Target, Home Depot Inc., Neiman Marcus and JP […]
About ourselves
For 25 years Trafalgar International has helped clients manage risk and on their behalf has placed insurance programmes for property, business interruption, liability, construction, engineering and employee benefits.
Although we are Thailand based, as a partner firm in Assurex Global, the world’s largest independent broking group, we are able to provide our clients with the same […]
