Extreme weather patterns could increase the risk of pandemics occurring, according to a climate expert at AIR Worldwide.
According to Check Point Software, there have been over 4,000 coronavirus-related domains registered globally since January 2020.
The executive committee of the African Insurance Organisation has postponed the 47th AIO Conference and Annual General Assembly, initially scheduled to be held in Lagos, Nigeria, from 31 May to 3 June, 2020.
The risk-adjusted capitalisation China Taiping Insurance (Macau) [CTIM] continued to improve in 2019, mainly driven by organic growth in the company's capital through profit retention, as well as the settlement of large claims and reinsurance recoverables related to prior accident years, notes AM Best.
The Islamic Financial Services Board (IFSB) has issued its "Exposure Draft on a Standard on Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings (ED-25)" for public consultation.
Government-affiliated insurer, National Health Insurance Co (Daman), has stepped in to pay the February 2020 salaries of employees of scandal-hit NMC Health, touted as the UAE's largest private healthcare company.
It is often common for businesses to assume that infectious diseases such as COVID-19 are covered under environmental insurance policies and can be used to offset costs for disinfecting contaminated properties such as office buildings, cruise ships, restaurants, hotels and theatres - which had hosted suspected or confirmed coronavirus patients.
Maersk has the largest exposure out of all shipping companies to a slowdown in the Chinese economy with $27bn dollar exposure according to analysis conducted by Russell Group.
A survey of 60 insurance executives conducted by the actuarial firm Finity has found that 62% of the participants believed their organisations were 'a long way behind' the best practices and a further 21% said they were 'doing nothing effective in this area.'
Institute of Operational Risk, England and Wales chapter chairman Dr Jimi Hinchliffe and Institute of Risk Management director of corporate relations Carolyn Williams share candid insights on what COVID-19 really means for risk managers.