Magazine Table of Contents
The invasion of Ukraine may spell the beginning of the end for globalisation and that could impact insurers in Asia Pacific profoundly.
Cyber space has become part of the battlefield and this rampant cyber activity could lead to knock-on effects in Asia Pacific – which insurers and risk managers alike need to consider.
If the conflict continues and involves other countries too, it may cause substantial economic and insured losses and also increase the risk of systemic cyber attacks.
With China and India refusing to join the global chorus condemning Russia President Vladimir Putin’s invasion of Ukraine, insurers in the region with exposures to the two markets are caught in a dilemma.