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Dec 2023



Cambodia: Insurance market grows by 2.6% in third quarter

Cambodia’s insurance industry recorded a premium of $87.3m in the third quarter of 2023, up 2.6% from $85m in the corresponding quarter last year, according to a report by the Insurance Regulator of Cambodia (IRC).

China: Financial regulator stresses goal of eliminating systemic financial risk

The National Administration for Financial Regulation (NAFR) has stressed that it will comprehensively strengthen financial regulations and effectively forestall and defuse financial risks. It says that its bottomline is to ensure that there is no systemic financial risk.

South Korea: Stalling of insurance M&A deals attributed to IFRS17

The newly introduced accounting standard, IFRS17, plays a significant part in stalling the sales of insurance firms this year, according to market watchers.


Alliance of 40 countries vows not to pay ransom to cyber criminals

An alliance of forty countries led by the US has pledged never to pay ransom to cyber criminals and to work toward eliminating the hackers’ funding mechanism.

Reputational risk catapults into the top five

With environment, social and governance (ESG) concerns rising to the top of corporate agendas, organisations are increasingly aware of the potential cost of reputational damage.

Economic uncertainty pulls down climate technology investment

Investments in climate technologies from venture-capital (VC) and private equity (PE) fell by 40% in 2023 as economic uncertainty and geopolitical conflict continue to dent investor confidence according to PwC’s 2023 State of Climate Tech report.