The latest figures indicate that the Arctic, the planet's northernmost region, is warming four times faster than the Earth as a whole.
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organisations worldwide, will collectively receive approximately $300m in a first-of-its-kind 'resilience credit,' providing them with additional means to invest in climate resilience solutions.
Most businesses are either still not buying cyber insurance cover or if they do buy, it is not enough to cover last year's median ransom demand according to a new survey by BlackBerry and Corvus Insurance.
Climate change and resultant excessive heat may increase the mortality rate by six times by the end of the century according to a new modelling study.
Enterprise risk management (ERM) frameworks and capabilities can vary widely among (re)insurers in MENA, where economic, political and financial systems risks tend to be elevated, according to analysts at AM Best.
Two insurers, namely, International Energy Insurance (IEI) and Staco Insurance, have attracted new investors who are in the process of repositioning the companies to improve their performance.
Under pressure to grow their business, top listed life insurers in China are adjusting their product strategies rapidly. Among several new products launched, incremental wholelife insurance plans have become a large source of revenue for insurance companies.
CITIC Prudential Life (CPL), life insurance giant Prudential's 50-50 joint venture in China, saw annual premium equivalent (APE) sales growth of 13% to $507m in 1H2022 despite headwinds from COVID-19-related restrictions.
Unionlife is exploring ways to resolve the risk it is exposed to in its investments in the financially-stricken property development group Evergrande.
The Securities and Exchange Commission of Pakistan (SECP) has stated that insurance companies may outsource their internal audit function to professional services firms under the revised Code of Corporate Governance for Insurers.