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Apr 2023



Asia: Outlook positive for demand for transactional risk insurance in 2023

Demand for transactional risk insurance solutions in Asia is expected to remain steady in 2023, and may even improve, said Marsh.

SVB collapse highlights critical lessons for insurance industry

Despite US insurance companies’ minimal exposure to bonds issued by the now-shuttered Silicon Valley Bank (SVB), the failure highlights for insurers the importance of managing enterprise, asset-liability and liquidity risks, according to an AM Best commentary.

Umbrella insurance body stresses need to address protection gaps

Narrowing protection gaps has become even more important due to the rise in recent years of four global mega trends that affect them either directly or indirectly, according to the Switzerland-based Global Federation of Insurance Associations (GFIA).


Cyber threats to IT supply chains and geopolitical targets escalate further

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarised world according to a new report by cyber risk analytics company CyberCube.

Political violence to heighten, civil unrest to increase

AI drives 62% of insurers to cut staff levels

About two-third (62%) of insurers have cut staff due to the implementation of AI and machine learning (ML) technologies in the past 12 months according to a new global survey.