The 2019 conferences of the Pan-Asia Risk and Insurance Management Association (PARIMA) concluded with the final conference in Kuala lumpur on 5 November 2019. The theme for 2019 was 'Redefining Risks'.
Asia has the largest share of its population at high risk from a lack of cooling - close to 60% - as climate change continues to increase global temperatures. Globally, over a billion people face threats to their health because they lack cooling methods.
Protected areas, which are vital to preserve diverse life on Earth, as well as mitigate climate change by conserving carbon-sequestering vegetation, are not able to reduce the "anthropogenic pressure" on the most precious natural habitats.
Asia's economic growth in recent years has been nothing short of phenomenal, and with low insurance penetration rates in many areas, there remains a considerable amount of market for insurers to tap into.
Taiwan's national reinsurer, Central Reinsurance Corporation (Central Re) was established in 1968 to promote the growth of the domestic insurance sector and remains the only domestic reinsurance company in Taiwan.
If all adults in China increased their physical activity by 20% and met at least the World Health Organisation (WHO) minimum requirements for physical activity, the country would gain $32.77bn in GDP in 2030 and a staggering $99.71bn in GDP in 2050 respectively.
Bangladesh presently generates about 3% of its total power requirement from coal, but it has plans to build 29 coal-based power plants in the next two decades, which will increase coal generated power to 35%.
The outlook for sovereign creditworthiness in 2020 is negative, reflecting the global rating agency's expectations for the fundamental conditions that will drive sovereign credit over the next 12-18 months, says Moody's Investors Service.
Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.
The economic outlook of South Korea for the upcoming year is, in one word, 'blue'.