As the US Federal Reserve (Fed) continued to raise interest rates, Taiwanese life insurance companies have increased the declared interest rates on foreign-currency denominated insurance policies. However, the insurers have been directed by the Financial Supervisory Commission (FSC) to desist from doing so.
One third of countries across the world have seen risks to their democratic processes increase significantly during the past five years, with corporates operating in poorly ranked countries facing ESG and supply chain threats according to Verisk Maplecroft democratic governance ondex (DGI).
The cyber threat landscape has reached a new level of commercialisation and convenience for would-be attackers, with nearly all barriers to entry for committing cyber crime removed through the expansion of cyber crime-as-a-service according to Sophos' 2023 Threat Report.
Challenges await the Turkish insurance industry in the next few years, says Mr Coskun Gölpinar, general manager of Doga Sigorta.
Local insurers are no longer optimistic about a possible extension of the final tranche of increases in capital requirements beyond the current deadline of 31 December 2022.
London-based Africa Specialty Risks (ASR) and pan-Africa reinsurer, African Reinsurance Corporation (Africa Re), have entered into a partnership agreement on the provision of Political Risk and Trade Credit Insurance (PRI & TC) through an underwriting authority agreement.
Compagnie Algérienne des Assurances (CAAT), Algeria's second biggest insurer in terms of GWP, has a track record of strong operating performance, with a five-year (2017-2021) weighted average return on premium of 26.9% and return on equity of 10.8%, says AM Best.
The Australian Medical Association (AMA) is calling for more transparency over how private health insurers spend policyholders' premiums to help ensure that customers receive fair value for money and premiums are not directed to insurers' profits and administrative costs.
Climate change impacts - from slow-moving crises such as drought and sea level rise to weather disasters - are increasingly displacing people from their homes and worsening conflict threats according to scientists at the COP27 UN Climate Talks.
Unprecedented digitalisation in our society has pushed many business leaders and executives to understand how they can adequately assess and govern cyber risk according to a new blog by World Economic Forum (WEF).