Insurers have to undertake a review of technical provisions as a necessary task so as to minimise the impact of the current global wave of inflation on insurance activities, according to Mr Mo'men Mukhtar, secretary-general of the Federation of Afro-Asian Insurers and Reinsurers (FAIR).
The gap in cyber security skills is not just a talent shortage challenge, it is also severely impacting business, making it a top concern for executive leaders worldwide.
Cyber criminals are now deceiving victims with deepfakes and crypto scams to access financial and personal information according to Norton Labs quarterly Consumer Cyber Safety Pulse Report sharing the top consumer cyber security insights and takeaways during the first quarter of 2022.
Rising competition for supremacy over soil, sea, and space will fuel future global geopolitical tensions as nations seek to stake their claims on sea-based borders, previously untapped mineral resources and the all-but-unregulated cosmos according to a new report from global insurance brokers Marsh.
Global Insurance Law Connect (GILC) has launched its fourth annual Risk Radar. The report captures the important legal, regulatory and socio-economic issues facing insurers in each of the 23 countries in which GILC operates.
Income inequality within countries is negative for social cohesion, economic growth and financial markets. It is also detrimental to most insurance markets, leading to overall lower insurance penetration and reduced household protection according to a new research published in Sigma by Swiss Re Institute.
The average annual motor insurance premium charged in the first quarter of this year was in the range of CNY1,000 ($147) to CNY3,000, according to the 1Q2022 quarterly solvency reports filed by 59 property insurers as of 9 May. More specifically, the average auto premium for the 59 companies amounted to CNY2,015.
Over 80% of 155 insurance companies in China that have released their 1Q2022 solvency reports show a decline in solvency ratios as of 31 March 2022 compared to levels in 2021.
One in 25 Australian properties will be effectively uninsurable by 2030 due to rising risks of extreme weather and climate change according to a new analysis by the Climate Council of Australia.
The global offshore energy and shipping sectors are under greater than expected threat from climate change as extreme weather becomes more commonplace, according to a new report by the speciality (re)insurance group Chaucer.