The fragility of our world order and the hazards inherent in an increasingly interconnected world have been highlighted by events such as the COVID-19 pandemic, President Putin's invasion of Ukraine and global economic slowdown in the recent years.
The accelerating climate change can increase the likelihood of widespread disruptions to the financial sector, including the insurance sector according to a new report released by the Bank for International Settlements (BIS).
The current emissions pledges to limit climate change would still put the world on track to warm by nearly 30 degree Celsius during this century according to a new report by the United Nations Environment Programme (UNEP).
The National Economic Council has strongly advised Nigeria to implement a national insurance policy against disasters, Minister of Budget and Economic Planning, Atiku Bagudu, said at a media briefing after the 137th council's meeting.
The Government Service Insurance System (GSIS) is working with the Japan International Cooperation Agency (JICA) to improve the protection of public properties and assets against disasters.
Governments, insurers and communities in Australia must work together to avoid creating two classes of Australians - those who can insure against risk and those who can't, according to Mr Andrew Hall, CEO of the Insurance Council of Australia (ICA).
The effects of climate change are becoming increasingly evident, and so too is the direct and indirect impact on construction and its re/insurance across the Middle East, according to the global law firm Clyde & Co.
The UAE is making significant changes to efforts to cut emissions, according to Mr Fadi Al Shihabi, partner and head of ESG Advisory Services at KPMG Lower Gulf. A huge shift into implementation is likely to follow in the next couple of years.
New research from NRMA Insurance has found nearly 1 in 3 Australians (32%) do not have a good understanding of extreme weather risks in their local area and nearly half (48%) do not know what steps they need to take to prepare for an extreme weather emergency.
A new survey has revealed that for the first time, businesses are more concerned about extreme weather affecting operations in 2030 than they are about cyber attacks.