Asian governments, regulators and businesses need to sustain collective commitment and action, strengthen climate disclosures and support the de-risking and viability of transition financing to fully play their regional role in the global effort to reach net zero according to Monetary Authority of Singapore (MAS).
Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change according to a new study published in scientific journal Nature.
Nearly three quarter of insurers are investing in private markets or plan to do so as firms put excess cash to work according to a global survey.
The accelerating climate change can increase the likelihood of widespread disruptions to the financial sector, including the insurance sector according to a new report released by the Bank for International Settlements (BIS).
A new survey has revealed that over the next two years, economic threats - such as recession and inflation - rank among the most significant risks to Australia and other G20 nations.
Singapore is witnessing a rapid rise in its ageing population, with a projected 27% of residents aged 65 and above by 2030. In 2022 residents aged 65 years and above made up 16.6% of the total resident population in the country. Singapore is currently one of the most rapidly ageing societies in Asia, along with Japan.
Data from Net Zero Tracker shows that over 1000 large companies have set net-zero targets, however, only 4% of these commitments meet best-in-class standards set by the UN.
A new survey reveals that over 70% of the participating Asian companies expect rising demand for their products and services in the months ahead. The survey, however, predicts that the pace of growth in Asia is likely to remain subdued and may not be as robust as it was in previous years.
Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report published by the International Underwriting Association (IUA) and cyber risk analytics firm CyberCube.
Nearly half of 400 insurance executives participating in a new survey have said their current priorities center on improving profitability rather than growing their businesses.