Walaa Cooperative Insurance Company's directors have recommended an increase in the company's capital through a rights issue.
Asia Pacific countries not only managed the pandemic better than the western world in 2020, they are also doing better in terms of political risks according to the latest edition of Aon's Political Risk quarterly.
A record number of small business owners in the UK are planning to close their firms over the coming twelve months, putting the UK on course to lose more than a quarter of a million businesses, according to the latest Small Business Index (SBI) of UK.
A coalition of 50 countries has committed to protect almost a third of the planet Earth by 2030 by halting the destruction of the natural world and slow extinctions of wildlife according to The High Ambition Coalition (HAC).
The final draft of the set of rules for Phase Two of China. Risk Oriented Solvency System II (C-ROSS II) has been basically decided upon, and the CBIRC is expected to release the rules before the Spring Festival which starts on 12 February, according to industry sources.
The average annual growth rate of Vietnam's insurance industry for the five years from 2016 to 2020 was about 22%, with the non-life insurance market growing by 13% on average, the life insurance market showing average growth of 28%.
MS Amlin Underwriting Limited (MS AUL), a Lloyd's (re)insurer, has announced that MS Amlin Asia Pacific (MS AAP), its Singapore based operation, has launched a local special purpose reinsurance vehicle (SPRV) called Phoenix 1 Re. This is a landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.
Ransomware threat actors continued to innovate both their technology and their criminal modus operandi at a rapid pace during 2020, according to a new report by cyber security firm Sophos.
Ten extreme events, influenced by climate change, each caused a damage of $1.5bn or more during 2020 according to a new report by Christian Aid. In fact, nine of these ten catastrophic events caused damage worth at least $5bn each. With most of these estimates based only on insured losses, the true financial costs are likely to be much higher.
Land subsidence, which is the sinking of the ground's surface often caused by human activities such as groundwater removal, could impact 635m people globally by 2040, according to a new research.