Insurance perpetual bonds remain relatively new to onshore investors in China; however, the market for these bonds is expected to mature over the long term, supported by improving investor confidence and market depth, according to Mr James Chan, director of analytics at AM Best.
Major listed Chinese insurance groups' recalibration of their economic assumptions in the computation of embedded value (EV) and new business value (NBV) in 2023 will enable them to adeptly manage long-term investment risks, says Fitch Ratings. Major listed insurers lowered their assumptions of investment return and risk discount rates in response to the continued low interest rates in the country.
By 2120, around a quarter of China's coastal land could be below the sea-level according to a research paper published in the scientific journal Science.
The reinsurance industry must brace itself for cyber attacks targeting government and election infrastructure in 2024 according to a leading cyber risk analysis.
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).
With over 64 countries preparing or already conducting their elections, the year 2024 is earmarked to be one of the most politically turbulent years in decades according to Liberty Specialty Markets.
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.
The World Health Organization (WHO) has expressed concern regarding the potential for transmission of avian influenza to other species including humans.
The Insurance Council of New Zealand (ICNZ) has endorsed findings that New Zealand needs to act decisively in the face of natural hazards risks to ensure insurance is affordable and available in the future.
Insurance companies are willing to insure industrial and commercial facilities that take risk mitigation measures, according to Minister of State for Financial Affairs Mohammed bin Hadi Al-Husseini.