The issuance of bonds by insurance companies to boost their capital is heating up in China's declining interest rate environment.
Earth is in 'the danger zone' as the planet's climate is beyond the harmful levels for humans, though not quite past the safety guideline for the planet as a system according to a new study by Swedish group Earth Commission.
Investors have developed strategies around climate-related risks, policies and disclosures, but haven't put the same level of focus on biodiversity and nature-related risks according to Aon's The One Brief weblog.
As climate-related natural catastrophes make parts of the world uninsurable, insurers are also facing twin pressures from regulators and demanding customer base. Insurance options for carbon intensive companies are also shrinking. New solutions do offer a way forward but more needs to be done by the insurers.
The still continuing global shortage of semiconductors is perhaps the biggest supply chain risk of 2023 according to a new report by the insurer QBE. This problem sprouted after supply couldn't meet with demand during the pandemic.
The People's Insurance Company (Group) of China (PICC Group) has announced that it had completed the issuance of capital supplementary bonds on 5 June 2023.
Agricultural insurance is not the only factor that can improve food security, according to Mr Gael Certain, head - Agriculture EMEA, and Mr Mario Wilhelm, head - Middle East & Africa Public Sector Solutions, both of Swiss Re.
The top three risks to agriculture in several African countries are drought, followed by floods and extreme weather due to global warming, according to the results of a survey commissioned by the African Insurance Organisation (AIO).
The Insurance Federation of Egypt has announced that it has formed a committee to study the establishment of a natural disaster insurance pool in the Egyptian market, with the aim of providing insurance coverage for citizens against potential natural hazards and protecting state property.
Al Rajhi Company for Cooperative Insurance, among the top five insurers in Saudi Arabia by premium income, has proposed a capital increase of 150% through the issuance of 1.5 shares for each share already owned.