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Oct 2023



India: Half of policyholders fail to renew life plans in last five years

Nearly half (47%) of insured individuals in India said that they did not renew their insurance policies in the last five years as they had invested in other financial assets or savings as a means to ensure financial security without giving due consideration to the expenses in case of financial and medical emergencies, according to the findings of a study by SBI Life Insurance, conducted in collaboration with professional services firm Deloitte.

Pakistan: Regulator holds roundtable to discuss strategic direction for insurance sector

The Securities & Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to shape the strategic direction of the insurance sector in Pakistan.

Taiwan: Three local life insurers fall short of solvency standards

The Financial Supervisory Commission (FSC) has voiced concern over the health of three domestic life insurers after they released their financial statements for the first six months.


Climate change exacerbates risk of extreme wildfires 25%

Climate change aggravates the risk of fast-spreading wildfires by an average of 25% as compared to pre-industrial era according to a new study.

Supply chains remain vulnerable to geopolitical risks

While energy transition requires a dramatic increase in the supply of critical materials, their supply chains remain vulnerable to a range of geopolitical risks according to a new report by the International Renewable Energy Agency (IRENA).

Average annual Nat CAT losses to touch new high

The global modelled insured average annual loss from Nat CAT events is $133bn, a new high captured in the latest analysis using Verisk’s extreme event solutions models.