In 2023, the Monetary Authority of Singapore (MAS) named four 'domestic systemically important insurers' - AIA Singapore, Income Insurance, Prudential Assurance and Great Eastern Life Assurance.
Health and safety (84%) overtook cyber attack, including cyber extortion (69%), as the top risk for directors and officers (D&O) in APAC this year, according to the 2024 Global Directors' and Officers' Survey Report from WTW and Clyde & Co.
A compilation of worldwide temperatures has revealed that the year 2023 was the warmest year on record and the warmest year at least since the last interglacial period, some 125,000 years ago.
A new partnership will utilise AI and machine learning techniques to offer faster parametric insurance solutions based on precise location-level wind speed data following tropical cyclone landfalls, worldwide.
Health concerns due to their work are impacting a staggering 43% of Indian technical professionals and long work hours have been identified as one of the major contributors to their poor health according to a new study.
The severe impacts of climate change are happening at temperatures lower than expected according to a new report from the Institute and Faculty of Actuaries (IFoA) and the University of Exeter.
The number of cyber threats blocked in 2023 showed an increase of over 10% on an annual basis. Also a significant trend observed in 2023 was that the attackers are using more advanced methods to target fewer victims but with the potential for higher financial gains.
A new climate risk monitor to help clients visualise and understand their exposures to physical climate risk to enable better business decisions has been launched. The monitor has been developed by the global professional services firm Aon.
Large businesses around the world are struggling with their net-zero plans, with barriers including fears of unfair scrutiny of climate efforts and how to address supply chains emissions according to a survey by the Carbon Trust.
The UNDP has established an Insurance Risk Financing Facility (IRFF) to help communities and businesses in Ethiopia manage shocks.