The introduction of economic value-based solvency regulations, which the Financial Services Agency (FSA) is currently making preparations to roll out, will likely require greater risk-based management among insurers, says Professor Nobuyasu Uemura, of the Faculty of Commerce at Fukuoka University.
Nine out of 10 people in France are worried about weather-related events and believe Nat CAT risks are getting worse in the country as a result of climate change.
Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings according to a new survey conducted by the International Underwriting Association (IUA).
New research has revealed a glaring and potentially damaging gap between climate reality and people's understanding of its catastrophic effects.
Wataniya Insurance's board of directors has recommended an increase in the company's capital through a SAR200m ($53.3 m) rights issue, according to a filing by the company on Saudi Stock Exchange (Tadawul).
The massive Henan flooding in mid-July is an instance- though not the first-of urban-rural disparity when it comes to the effects of natural disasters, says Associate Professor Kong Feng who teaches disaster and emergency management at China Agricultural University.
The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility to help with the reconstruction process following the recent catastrophic flooding.
Climate change and increasingly extreme weather events have caused a surge in natural disasters over the past 50 years disproportionately impacting poorer countries according to a new report by the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR).
Risk solutions company RMS and Indian insurance broking group J B Boda will collaborate to enhance risk analysis capabilities for their India risk exposures.
Spending on security solutions and services in Asia Pacific, excluding Japan, is expected to grow at 14% in 2021 according to the latest International Data Corporation (IDC) Worldwide Semi-annual Security Spending Guide.