Recent (re)insurance renewals were difficult for some: apparently some entities alleged no indication for improvement this year. However, US-based risk modelling and forecasting company AbsoluteClimo expects improvement with below normal risk...
Thailand's dry season starts in November and usually lasts through April, although this year authorities say it could go on through June. A drought has been declared in 14 provinces in the central, northern and north-eastern farming regions of the country.
For the first time ever, cyber incidents (35% of responses) rank as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of responses) to second place.
A review of 57 scientific studies by British academics has concluded that global warming is leading to an increase in hot, dry weather around the world that creates the conditions for wildfires to take hold
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