Pandemic outbreak continues to appear on the Top 10 risks facing China, jumping to become the No. 1 risk this from its seventh position in 2020, according to the Allianz Risk Barometer 2021.
The CBIRC is seeking feedback on draft regulations to implement Phase 2 of China Risk Oriented Solvency System II (C-ROSS II), that among things, would help the regulator get to the bottom of the underlying assets in which insurers invest that are obscured by financial manoeuvres or arrangements such as nesting.
The Monetary Authority of Singapore (MAS) has revised its Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.
Labuan IBFC Inc yesterday signed a Memorandum of Understanding (MoU) with RAM Rating Services, Malaysia's premier rating agency, to collaborate on RAM Ratings' Labuan Entity Corporate Assessment (LECA™) service.
Pandemic outbreak continues to appear on the Top 10 risks facing the Middle East and Africa, after becoming a new entry into these ranks in 2020, according to the Allianz Risk Barometer 2021.
International credit rating agency AM Best has released a new Country Risk Assessment Report on Iraq, which provides an economic, political and financial system risk assessment of the country.
The 2019-20 Black Summer bushfires in Australia are a wake-up-call demonstrating the extreme effects of climate change according to a new study which examines the factors that caused the disaster.
Willis Towers Watson has introduced two new cyber risk assessment services in response to the findings from its recent cyber claims insights report.
Climate change is likely to cause an uneven shifting of the tropical rain belt - a narrow band of heavy precipitation near the Equator - leading to increased flooding in parts of India according to a new study published in the journal Nature Climate Change.
Cyber incidents (#1 with 41% responses), pandemic outbreak (#2 with 39%) and business interruption (#3 with 38%) have skyrocketed to the top three business risks in Asia Pacific, according to the Allianz Risk Barometer 2021.