The impact of inflation on ASEAN insurance markets was less than in mature Western markets, as inflation in Southeast Asia was on average lower than in the US or the EU, according to the "ASEAN Insurance Pulse 2023" report.
A package of incentives and tax measures must be provided to attract more insurance companies to list on the stock exchange, according to insurance industry players.
Recent drought related data based on new research in the last few years and compiled by UN Convention to Combat Desertification (UNCCD) points to "an unprecedented emergency on a planetary scale, where the massive impacts of human-induced droughts are only starting to unfold."
Members of Insure Our Future campaign have asked the global insurance industry to take immediate action to slow the climate crisis and support the urgent transition from fossil fuels to renewables.
A new whitepaper published by Gallagher Re reveals that over 50% of businesses have experienced disruptions in their production networks due to extreme weather events, highlighting the fragility of global supply chains.
Small island developing states and other vulnerable countries are facing overwhelming threats from extreme climate events such as droughts, tropical cyclones and floods according to a new study.
One in 12 hospitals around the world could face partial or total shutdown from climate change extreme weather events if countries fail to curb fossil fuel emissions according to a new report.
ESG is increasingly being regarded as an important area of risk for business executives globally according to a new survey by specialty insurer Beazley.
Nearly 229,500 properties in Australia are exposed to a 1-in-20 year flood risk according to new data analysis released by the Insurance Council of Australia (ICA).
The Insurance Authority (IA) yesterday launched a six-week public consultation on the draft Insurance (Valuation and Capital) Rules and the draft Insurance (Submission of Statements, Reports and Information) Rules to tie in with the implementation of the Risk-based Capital (RBC) regime.