The Financial Services Commission (FSC) will establish a joint taskforce to monitor the ongoing armed conflict in the Middle East. This initiative aims to facilitate real-time information sharing among relevant authorities and maintain a 24-hour watch on evolving market conditions.
Global trade credit risk management group Coface has forecast global growth of 2.6% this year, a slight easing from 2.8% in 2025. The forecast was made before 28 February when the US-Israel vs Iran military conflict began.
Hong Kong's Insurance Authority (IA) has granted authorisation for CNNC Captive Insurance, set up by the China National Nuclear Corporation.
Respondents in Asia Pacific have identified global supply chain paralysis and global Internet outrage as the two most plausible Black Swan scenarios, according to a Allianz Risk Barometer analysis.
The situation across Middle East shipping lanes has escalated sharply, with substantial operational, navigational, and insurance implications for global trade as a result of the military conflict in the region that began on 28 February.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Singapore has ranked third globally in the 2026 FM Resilience Index, published by commercial property insurer FM. The index, now in its 13th year, ranks 130 countries and territories by the resilience of their business environments.
The Office of Insurance Commission (OIC) has recommended that restaurant operators consider obtaining basic insurance coverage aligned with the nature and risk level of their business.
ACE New Zealand has announced a new multi-year partnership with Gallagher, which is geared towards supporting New Zealand's consulting and engineering community with insurance, risk management and employee benefit.
The Insurers Federation of Egypt (IFE) is working to broaden the scope of sustainable insurance and advance insurance inclusion, with the aim of ensuring that all citizens have access to insurance services through a range of targeted initiatives.