The cost of inaction far outweighs the cost of building resilience to risk according to the World Economic Forum's (WEF) Global Risks Report 2021.
By the year 2050 most people on Earth will live downstream of tens of thousands of large dams built in the 20th century, many of them already operating at or beyond their design life, according to a new analysis by UN University (UNU) analysis.
The rate at which ice is disappearing across the Earth is speeding up according to a new study by a team of researchers led by the University of Leeds, UK.
Pandemic outbreak (#1 with 36% responses) rises six spots to be the top business risk in China, the epicentre of COVID-19, in the 10th Allianz Risk Barometer 2021 released this month.
The CBIRC has updated its solvency regulations for insurers with the revised rules to take effect from 1 March 2021.
Hotai Insurance has implemented its business transformation plan successfully since being acquired by Ho Tai Motor which is Taiwan's biggest automotive distributor, in early 2017, notes AM Best.
Pandemic outbreak continues to appear on the Top 10 risks facing China, jumping to become the No. 1 risk this from its seventh position in 2020, according to the Allianz Risk Barometer 2021.
The CBIRC is seeking feedback on draft regulations to implement Phase 2 of China Risk Oriented Solvency System II (C-ROSS II), that among things, would help the regulator get to the bottom of the underlying assets in which insurers invest that are obscured by financial manoeuvres or arrangements such as nesting.
The Monetary Authority of Singapore (MAS) has revised its Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.
Labuan IBFC Inc yesterday signed a Memorandum of Understanding (MoU) with RAM Rating Services, Malaysia's premier rating agency, to collaborate on RAM Ratings' Labuan Entity Corporate Assessment (LECA™) service.