The Insurance Association of China (IAC) has published the "Self-Regulatory Code of Conduct for the Management of Insurance Product Suitability".
Just 50% of organisations in Asia feel confident in their cyber risk management and mitigation efforts, a level which is significantly below the global average of 72% and the lowest globally, according to a study by the world's biggest insurance broker Marsh.
The global reinsurance market is continuing to soften, with noticeable rate reductions seen in key 1 April renewal regions across Asia and India, according to a recent report by Guy Carpenter, a Marsh McLennan business and leading global risk and reinsurance specialist.
The conflict in the Middle East has introduced a significant new source of risk into the global economy, that until recently, had looked reasonably resilient, according to the International Monetary Fund's First Deputy Managing Director Dan Katz.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector. South Africa is among the markets assessed.
The China Reinsurance (Group) Corporation (China Re Group) has carried out a preliminary comprehensive assessment of the impact of the US-Israeli-Iran hostilities on its operations. The Group finds that the current impact of the war on it is generally manageable, but uncertainties remain due to ongoing developments.
Gulf Insurance Group (GIG) is navigating one of the most challenging periods the Middle East has faced in the recent era, according to a company board member Dr Yousef Hamad Al-Ebraheem.
Coface has appointed Ms Carmen Chow as Head of Commercial for Hong Kong. In her new role, she is responsible for strengthening Coface's commercial performance strategy and deepening client engagement in the Hong Kong market.
Cyber incidents are becoming more frequent, sophisticated and costly, with median annual losses increasing fifteen-fold over the past 15 years, at a time when geopolitical tensions are intensifying and digital interdependence deepens.