The Insurance Association of Turkiye (TSB) has drawn up an Earthquake Insurance Reform Agenda to strengthen the country's readiness to face quake risks after the devastating 6 February earthquakes in 2023.
According to the latest Directors and Officers Liability Insurance Survey by Willis in collaboration with Clyde & Co, 75% of the participating directors and officers in Asia view the risk of regulatory breaches as very important or extremely important to their organisations.
According to the second round of findings of the QBE Singapore SME Survey most respondents have concerns about a wide range of businesses risks, yet very few hold insurance policies to protect their companies against the financial fallout from these.
A majority (71%) of financial services professionals participating in a recent survey expect the risk of financial crime to increase in 2025. The survey findings also highlight concerns among respondents around the use of AI, regulatory complexity, geopolitics and sanctions when it comes to the fight against fraud and financial crime.
The maritime security landscape in the Middle East has entered a new phase of volatility, with amplified risks for commercial vessels operating in arterial shipping lanes.
Insolvencies in Asia Pacific are anticipated to increase by +5% in 2025 (+1% without China) followed by +6% in 2026 (-4% without China), according to Allianz Trade in its latest Global Insolvency Report released earlier this week.
Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March.
Prudential Hong Kong has appointed Mr Abhishek Kumar as CRO and Ms Grace Lee as general counsel. They will also be members of the Hong Kong Executive Committee.
JBA Risk Management has launched a new comprehensive Australian inland flood model to meet increasing demand from the insurance and risk markets for better flood insights.
The Federation of Egyptian Insurance Companies has sounded the need for insurers to cooperate with real estate developers and technology providers to create insurance products for smart homes.