Insurers need to interpret China Risk Oriented Solvency SystemPhase II (C-ROSS II) in combination with other recently published regulatory rules to bring their business to the next level, says the global professional services firm Deloitte.
Most Aussies are insured but their cover may not be right, according to the results of a survey commissioned by insurance giant QBE.
Many Aussies could be more prepared for extreme weather and natural disasters, according to QBE research. Just a quarter (25.6%) of Australians describe themselves and their homes as prepared or very prepared for natural disaster and weather events. The rest say they're either unprepared (22%), or only somewhat prepared (52%).
Middle East and North Africa (MENA) insurance markets have seen robust growth over the last decade. However, according to a new AM Best report, the rate of growth has stalled in the last 18 months primarily due to the impact COVID-19 and volatility in energy prices, attributable largely to the global economic slowdown from lockdown measures and lower demand for oil.
Cyber security budgets of US organisations could increase by as much as 50% in the next 12 months according to nine out of 10 respondents participating in a survey by cyber security firm Kaspersky.
Secondary peril events are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to a new AM Best commentary.
Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).
Beginning 2022 Bank of England (BoE) will incorporate supervision of climate related financial risks into its core supervisory approach.
Germany's Federal Association of Wholesale, Foreign Trade, Services (BGA) has said that while recent trade figures show a positive trend in German international business, big potential risks lie ahead, particularly in the supply chain.
The last two years 2020 and 2021 and the instability caused by the COVID-19 pandemic, social unrest and the impact of climate change have highlighted how risks facing businesses are becoming increasingly volatile and interconnected according to Aon's 2021 Global Risk Management Survey.