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May 2022



Australia: General insurers face headwinds in investments and cost control

Profitability remains a challenge for the general insurance industry in Australia because of declining investment returns combined with increased claims and operational costs, said the professional services firm KPMG Australia in a new report.

South Korea: Reinsurer's investment gains prop up net income

Korean Re has achieved strong business results for 2021, with net income jumping by 18.4% to KRW178bn ($144m).

Reinsurance: Munich Re to tighten wording of cyber policies to exclude war

Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters.


Most premature deaths due to air pollution in South Asian cities

A new study has found that exposure to air pollution has been linked to 100,000 excess premature deaths in the Indian cities of Mumbai, Bangalore, Kolkata, Hyderabad, Chennai, Surat, Pune and Ahmedabad between 2005 and 2018.

More than half of rated Asia-Pacific companies face ESG risks

A new report has revealed that 57% of rated companies in Asia Pacific face ESG risks and these risks work out to more than $4tn in aggregated debt.

Emissions can be halved by 2030

The average annual global greenhouse gas emissions were at their highest levels in 2010-2019 but the encouraging factor is that the rate of growth has slowed.