Global: World set to lose up to 18% GDP from climate change if no action taken -- Swiss Re Institute Climate change poses the biggest long-term threat to the global economy. If no mitigating action is taken, global temperatures could rise by more than 3°C and the world economy could shrink by 18% in...
Japan: P&C insurers' strong capitalisation & profitability underpin stable outlook Japanese property and casualty (P&C) insurers will maintain strong capitalisation and profits,...
Australia: APRA issues draft on managing the financial risks of climate change The Australian Prudential Regulation Authority (APRA) yesterday released for consultation its draft...
India: Health business drives up general insurers' gross premium in FY21 India's general insurance industry posted an increase of 5% in gross premium to INR1,987bn...
China: Ping An sets quantitative green finance performance targets Ping An Insurance (Group) Company of China, the country's biggest insurer in terms of...
South Korea: Chinese InsurTech firm forms partnerships with Korean insurers China-headquartered Leapstack, an AI-enabled InsurTech company specialising in healthcare, has...
India: Insurers' breakeven period expected to shorten with higher FDI cap The hike in the foreign direct investment (FDI) limit from 49% to 74% in the insurance sector is...