Intangible assets account for an increasing proportion of companies' balance sheets, sitting at an estimated 85% of total business values across industries. With COVID-19 increasing the rate at which digital business models are launched and adopted, this value could increase much further and become a possible blind-spot for companies' risk management strategies, said Lloyd's.
Investors are wary of investing in the insurance sector due to the consistent low returns on investment by some operators.
Estimates of the economic losses caused by the 4 August blast in Beirut range between $3bn and $5bn, according to the governor of Beirut.
A new research study from Aviva has found that 22% of the people surveyed for the study have been targeted by suspicious communications (emails, texts and phone calls) which mentioned coronavirus and which they suspected to be a financial scam. This translates to around 11.7m people in the UK.
A new research report published in the journal Scientific Reports has said that the world stands to lose around 20% of its economic output to coastal flooding by 2100 if the world continues to emit greenhouse gases at the current rate.
Research scientists at University of Birmingham and University of Bern have uncovered a clear correlation between air pollution and cases of COVID-19.
A new study on climate change has predicted that the growing but largely unrecognised death toll from rising global temperatures will come close to eclipsing the current number of fatalities from all the infectious diseases combined if planet-heating emissions aren't constrained.
The Covid-19 crisis will trigger a major acceleration in business insolvencies due to both the suddenness and historic size of the economic shock and its expected lasting effects, according to a study by Euler Hermes, one of the world's largest credit insurer.
The outlooks and ratings on Japanese insurers will not be directly affected by Fitch Ratings' recent outlook revision on the Japan sovereign to negative from stable, the international credit rating agency says.
Guy carpenter has announced the appointment of Mr Andrea Piatti as Global Risk Solutions managing director, effective 3 August.