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Sep 2023



Asia: Composite insurance pricing remains flat in 2Q2023

Composite pricing in Asia was flat in the second quarter, compared to a 1% increase in the prior quarter, according to the Marsh Global Insurance Market Index.

Asia Pacific: Region hit by $7bn economic losses from Nat CAT in 1H

In the Asia-Pacific region, natural disasters in the first six months of this year resulted in overall losses of approximately $7bn, of which roughly $3bn was insured, says Munich Re.

Philippines: Municipalities fall behind in insuring government properties

Less than half of local government properties were insured with the Government Service Insurance System (GSIS) as of 31 December 2022, according to the agency.


Asia: Alarming climate emergency

Disastrous climate events in Asia in 2022 caused a pronounced increase in the number of fatalities, number of people affected and economic damages according to a new report released by World Meteorological Organization (WMO).

AI could lead to loneliness and insomnia

Employees frequently interact with AI systems are more likely to experience loneliness that can lead to insomnia according to new research published by the American Psychological Association (APA).

India: Over 2,000 cyber attacks a week hit individual firms on average

A single Indian organisation suffered 2,146 cyber attacks on average per week in the last six months, compared to 1,239 attacks per organisation globally, according to a new report.