China's banking and insurance sector will accelerate the development of green finance and provide comprehensive financial services to assist in the country's transition toward a greener and low-carbon economy, regulatory officials have said.
With the Chinese government's goal of developing green finance, the insurance industry has published details of how it has been helping in green development.
China yesterday published draft rules to regulate the behaviour of big shareholders of banks and insurers, in a bid to improve corporate governance and protect the interests of other stakeholders.
Half of all B2B credit sales in the region are overdue, according to the latest edition of the Atradius Payment Practices Barometer for Asia.
With the cyber risk hazard environment - ransomware, business interruption and aggregation - worsening significantly, prospects for the cyber insurance market, especially in the US, are grim, according to a new AM Best report.
A new market-led initiative Taskforce on Nature-related Financial Disclosures (TNFD) to support financial institutions and corporates in assessing and managing emerging nature-related risks and opportunities has been launched.
Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding according to a report published by The Nature Conservancy and University of California and supported by AXA XL.
People risk and the challenge of finding adequately skilled and qualified labour has been exacerbated by COVID-19 and the acceleration in the shift towards a more digital economy in Italy.
The majority (86%) of British small to medium enterprises (SMEs) do not have any cyber insurance cover in place according to a new research by Aviva Insurance UK.
US cyber insurance premiums in 2020 increased to $2.74bn - an increase of 21% over the prior-year period ($2.26bn) across both standalone and package cyber products according to Aon annual US Cyber Market Update.