Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released yesterday by leading global insurance broker Marsh.
With APAC's exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them, reinsurers in the region will face challenges in their growth in 2023.
The Federal Government has commissioned an independent review into Australia's disaster funding arrangements, to ensure government investment in disaster funding is fit-for-purpose and effective in the face of increasingly frequent and more severe natural disasters.
Morocco is a regional leader in establishing channels to finance climate action, according to a new report from Green For South, a Toronto-based consultancy.
Climate change driven natural disasters caused global economic losses of $313bn in 2022, according to a new report by insurance broker Aon. Less than half of these losses were insured.
Ravaged by human disturbances, deforestation, drought and fires, over a third of the Amazon rainforest has been rapidly deteriorating according to two new studies which have raised concerns that the rainforest with a unique ecosystem may be approaching a point of no return.
A new ranking table of the top global universities has revealed that these institutions are failing to prepare graduates for a 1.5 degrees Celsius rise future.
Cedants were, by and large, able to secure their required Nat CAT reinsurance limits during the 1 January renewal season. However, the reinsurance renewals came at a price, says Gallagher Re.
The Insurance Federation of Egypt (IFE) has stressed the need for partnerships to be formed by insurance companies and other stakeholders with state agencies to step up measures to confront the issue of drought.
Preliminary data totals across Asia Pacific showed an insured loss for 2022 from Nat CAT events at $11bn, according to Gallagher Re.